"In this scenario, global society essentially collapses as food production falls permanently short of consumption".
So buyers of equities get them cheap, earning a higher premium over time.If this is right, the equity premium will have fallen permanently only if the constraints on would-be young investors have weakened.
George W. Bush's promise to put an end to "the soft bigotry of low expectations" that allows poor and minority children to fall permanently behind at school was perhaps the most popular theme of his campaign.
George W. Bush campaigned for the presidency criticizing "the soft bigotry of low expectations," the dangerous mindset that allows black and Latino children to fall permanently behind white children who sit next to them in school.
At sixteen, he is sent to study in Athens, and there he falls permanently in love with Greece, "the only culture," he says, "which has once for all separated itself from the monstrous, the shapeless, and the inert".
With his first millions in the bank, a spell at Lee Cooper proved unsatisfactory while his next move, to Amber Day, saw him fall permanently out of love with a City of London which he felt looked down its public school and university-educated nose at him.
Beyond the Wends of Brandenburg and Lusatia, meanwhile, new Slavic powers rose; the Poles under Mieszko I and, to the south, the Czechs under the Přemyslids received missionaries from Magdeburg and Passau without falling permanently under the political and ecclesiastical domination of Saxons and Bavarians.
Its the risk that your assets will fall permanently behind in a changing world economy.
Noticing "The Third Man" on his list of the greatest films of all time, I dutifully went to see it, and fell madly, permanently in love.
Basil Holroyd and Ulla Knutsson-Hall met in a boat on the Baltic, sustained amicable relations just long enough to produce Michael in 1935, and then fell out permanently, over everything.
