×

We've got news for you.

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

The financial markets have been roiled by the prospect of recession in the US. Market makers fear the Fed, having allowed prices to explode in the US, will now reverse course abruptly enough to bust the economy. They are right to worry.

Managing the level of demand in an economy well enough to exercise its full potential and avoid continuous increases in price levels — inflation or its opposite, deflation — is a central bank ideal. The more stable the environment, the more accurate become the plans of business, the more predictable their earnings and their values — and vice versa...

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