Meaning, even successful enterprises with solid business growth tend to decrease management functions and expand the span of the remaining leaders.

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Additionally, corporates in the area will also be affected negatively by the downgrades, this will tend to decrease value and compound price depression in the respective regions.

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In a progressive tax system, that also means that the amount of tax payable will be smaller since tax rates tend to decrease with taxable income (with some exceptions, of course).

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In 1999, at the height of the bull market, he co-wrote a paper arguing that targeting asset prices when consumer inflation was low would tend to increase, not decrease, economic instability.

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When these flows increase, prices tend to rally, and when the flows decrease, prices fall.

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