This in turn tends to prolong both the boom and bust stages of the cycle and increase macroeconomic instability.

FORBES: Rethinking Credit Ratings

That does not mean inequality never aggravates macroeconomic instability, but unfortunately critics of inequality often exaggerate their claims.

ECONOMIST: Less inequality does not need to mean less efficiency

"The potential for macroeconomic instability was felt in the quarter and constrained overall corporate and investor activity, " he said in a statement.

WSJ: Debbie Downers on Wall Street

Another could be macroeconomic instability.

ECONOMIST: Less inequality does not need to mean less efficiency

Oil-rich Nigeria has been hobbled by political instability, corruption, inadequate infrastructure, and poor macroeconomic management, but in 2008 began pursuing economic reforms.

FORBES: Nigeria