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What goes up must come down: Federal Reserve Board Chair Jerome Powell leaves a news conference in Washington. The Fed’s hiking cycle contributed to the sudden collapse of tech
lender Silicon Valley Bank recently. Photo: Saul Loeb/AFP

Banking shock exposes cheap cash addiction

The turmoil, which some say was inevitable given aggressive hiking cycles, exposes the dependency of advanced economies on cheap credit

Since shops shut on March 26, the South African economy has taken a huge knock.(Delwyn Verasamy/M&G)

Macroeconomic policy options beyond Covid-19 depression

Measures need to lay the foundations of a new economy and society post the pandemic

the shock to the global economy from Covid-19 has been faster and more severe than the 2008 global financial crisis and even the Great Depression.

The Great Recession looms in South Africa’s future

The extent and length of the journey depend on a few factors, but a hard landing seems unavoidable

File photo by Delwyn Verasamy/M&G

An unprecedented crisis: The economic ramifications of Covid-19

The ways in which we respond to the coronavirus pandemic will determine the world that greets us when we emerge from lockdown

Trump warns Iran of ‘major retaliation

Our fears don’t tell the whole story

Don’t let negative headlines blind you to the fact that humanity is healthier and wealthier than ever before

Road to hell paved with bank bailouts

Economist says the bailout money would have achieved more if it had simply been given to the public.

Financial crisis revives memories of Great Depression

When Wall Street crashed in 1929, retiree Helen Haas remembers lining up with her mother at a Chicago bank to withdraw her in savings.