As people got to keep less of what they earned and goods and services became more expensive, thanks to an ever rising value-added tax, Europeans, not surprisingly, opted for more leisure time and tax-free benefits.
Rating agencies accepted the hypothesis of ever rising home values, gave large portions of each security issue an investment-grade rating, and investors gobbled them up.Why did investors gobble them up?
They think, however, that ever rising home values will bail them out.
The expiring labor agreement did not anticipate the sharply rising value of draft picks in an ever-younger game, so some free agents found limited interest because a team might have to surrender a first-round pick to sign them.
The rising value of the dollar also contributed.
AFTER years of rising values of stocks, real estate and other assets, Americans overall are richer than ever, but this wealth has not spawned a new generosity.
Ironically, rising values actually cost the homeowner money.
Consultants they claim feel "demoralised" and "under valued", struggling to deliver top notch care facing ever tighter budgets and ever rising demand.
Ever rising fuel cost is a major issue for Ramea.
If inflation ever rises again, and market yields on bonds jump, older fixed-rate bonds will fall in value (though they'll still be paying interest).
I'm not saying programming ever rises to an art.
