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Because the future is less certain, the probability that demand will be very low (or very high) is higher.
And as long as the interest it pays on its debt (currently the astronomical 7% but even before quite high) is higher than the rate at which its economic output grows, then its debt/GDP ratio will continue to rise.
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"How high is high?" she said.
Just how high is high end?
"Because we don't know how high is high".
"And maybe the seller finally believes the market's topped out -- you know, how high is high?
How high is high when it comes to price/earnings ratios?
And you have to wonder: How high is high enough?
"When you coach your son, the highs are higher and the lows are lower," DeMatteo said.
My highs were higher and my lows were lower.
For me, I can say that my life feels richer with a family; the highs are higher, the lows lower.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com