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There is already evidence that Latin America and Africa are deindustrialising – from a much lower starting point than Asia.
It might be churlish to say that if the EU has stepped in 3 months ago they would not have had to lend much more than €30bn and they would have got much the same result with the benefit of a much lower starting point of yields.
The trigger, it thinks, will come from attempts to normalise US monetary policy.A tightening cycle starting in, say, 2015 would take place against the backdrop of US public debt to GDP of more than 100%, a much lower starting point for interest rates, and an enormous volume of outstanding QE money, much of it sitting in so-called safe haven assets in the financial markets.
Albeit from a much lower starting point, Egypt's budget share has, in contrast, increased substantially, from nearly 3%% in 2001 to around 44%% in 2014.
Moreover, the running-in period of accommodation observed for conventional microcrystalline diamond coatings is greatly suppressed by the much lower starting surface roughness found in the NCD coatings.
CM: Poland has problems of its own to deal with but, from a much lower starting point, its economy has been growing: nearly 50% bigger over the past decade.
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Some people like to cook bratwurst at a higher temperature, such as 250 °F (121 °C), while others aim for a much lower temperature, starting at 100F for an hour, then raising to 125F and 150F.
"Sellers are actually pricing their homes much lower to start now," explains Kong.
Turns out that Amy has a much lower threshold for starting the washing machine that Marc does.
Apple is still off 45% or so from its highs, and Google's P/E is currently 28 (in a depressed market so actual P/E could be much lower if earnings start ramping up), which is nowhere near the 80 and 90 P/E we saw in the late '90s (many Internet companies never had earnings).
Preparation must start must start much lower down the school – it's not a question of telling a 16-year-old they must 'stay on'; being in education until they're 18 is part of a learning path they embark on at the start of their school career.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com