×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Lyndon Johnson, the 36th US president, once said to his economic adviser, John Kenneth Galbraith: “Did it ever occur to you that making a speech on economics is just like pissing down your leg? It seems hot to you, but not to anybody else?”

Johnson might well have had central bankers in mind. Most of their speak feels hot to them and the small coterie of mostly financial sector economists who scrutinise central bankers’ every word and placement of punctuation marks. But the public has yet to feel the heat of the piss...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now