The overall outlook for equities remains bright, but often after prolonged gains we will experience a sharp decline.
The most important insight for anyone following this debate, and one that Ms. Reinhart and Mr. Rogoff acknowledge, is that there is no evidence supporting the claim that countries will consistently experience a sharp decline in economic growth once public debt levels exceed 90 percent of G.D.P.
The neighbourhood was one of several border areas in the city to experience a sharp decline, and subsequently became home to families of new immigrants with many children and of weak financial abilities, as well as dirty light industry like auto repair.
Like condo projects everywhere, Midtown has experienced a sharp decline in values.
Over the last decade, residents of the 60th Precinct, which includes Surfside Gardens, have experienced a sharp decline in violent crime.
Unlike Carlyle, KKR Financial, while experiencing a sharp decline in its stock, has no solvency problems and has $1.4 billion in cash.
But even as the hiring of immigrants picked up during that period, those same workers "experienced a sharp decline in earnings".
Pemex, as the company is widely known, has experienced a sharp decline at its largest oil field, Cantarell, where output dropped 8.5percentt in that period.
Many emerging stock markets, which can be vulnerable at times of geopolitical turbulence, also managed to record gains on the day, although Turkey experienced a sharp decline.
But now the United States can look to Australia, which six years into a successful nationwide HPV vaccination campaign has experienced a sharp decline in the number of new cases of genital warts among young men and women.
Freescale Semiconductor, bought by TPG, Blackstone and others for $17.6 billion in 2006, experienced a sharp decline in demand for its products, resulting in billions of losses for its private equity owners.
