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The signs were there for the regulators and the central bankers in terms of rapid credit growth and exploding personal sector and bank balance sheets, but they chose to ignore it.
Personal sector borrowing in the US is now well above the levels witnessed at the time of the Wall Street crash of 1929, and falling interest rates have not resulted in lower debt servicing costs because the level of borrowing has risen so quickly.
Similar(58)
EVs are poised to link the personal transportation sector together with the electricity, the electronic, and the metal industry sectors in an unprecedented way.
The "personal development" sector, as it is known in the publishing industry, has more than doubled in value since 1998.
Because of continued weak corporate capital spending, in the first quarter the personal computer sector built up excess inventory.
Compaq and Intel declined to disclose the financial terms of the Intel alliance, which extends the close relationship the companies already have in the personal computer sector.
Results encouraged investors who were cautious about the personal care sector after its competitor Procter & Gamble lowered its forecasts the day before.
Succeeding Mr. Hollingsworth at the FCB Latin America office is Rafael de Guzman, who had been vice president and general manager for the personal communications sector of the Latin America Group at Motorola.
The Anglo-Dutch household goods firm, which is also behind Finish dishwasher tablets, Harpic bleach and Strepsils cough sweets, said the deal provided an "attractive opportunity" to boost its presence in the health and personal care sector.
Companies that market to gays online, or devote parts of their corporate Web sites to gays and lesbians, may also reap more subtle benefits, said Robert Williams, general manager for retail in Motorola's personal communications sector -- primarily, its cellphone business.
Robert Reich, the former labor secretary, sees a national guaranteed income as the most likely endgame in an economy with "more and more people getting pushed out of the middle class into the personal service sector of the economy getting lower and lower wages".
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CEO of Professional Science Editing for Scientists @ prosciediting.com