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For those of us told from childhood not to live beyond our means, who have also done our best to save for retirement, the potential effects are dire.
This may seem expedient in the short term, but the long-term effects are dire.
The immediate effects are dire: severe shock, pain, and bleeding but it rarely ends there.
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While this flattening of the yield curve has no effect on the income from most bonds and preferreds, the effect is dire for a closed-end fund that holds such instruments on margin.
The health effects of lead poisoning are dire and long-lasting, affecting many generations of a community.
Were it to reignite, the effects could be dire.
If it bursts, the effects could be dire for the euro; the new Euro-skeptic Alternative for Germany party, which made astonishing headway in the country's recent state elections, would make sure of that.
The downstream effects could be dire.
Roads are dire.
These statistics are dire.
Otherwise, prospects are dire.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com