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Mona, who plays off a handicap of nine, reckons there is going to be a continued contraction over the next three to five years with hundreds of courses closing a year.
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"You've been hearing comments that earnings season is going to show a continued contraction in the rate of growth," said Robert Pavlik of Banyan Partners.
And while the ISM is now considerably above its near-depression level of 32, it is still well below the 50 that signals a continued contraction of the manufacturing sector.
For example, while a continued contraction in housing construction weighed further on the industrial sector, sales of newly completed or existing homes have been rebounding sharply — helping lift business at services companies like property agencies.
A continued contraction may make it even tougher for consumers to pay off loans, especially credit card and auto debt, creating another layer of risk.
Hence is a contraction with contraction coefficient.
Then is a contraction with contraction coefficient.
This is offset by continued contraction at the state and municipality levels where tax receipts remain in a free fall.
He told Bloomberg that logically, there would be a massive economic contraction and social unrest would make continued membership extremely difficult.
It could actually be a contraction.
Most likely there will be a contraction".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com