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That makes the risk of long-lasting deflation more of a worry than elsewhere.If falling prices endure, then debts, fixed in nominal terms, are harder to pay.
They argue that consumers hesitated initially because they weren't sure lower prices would last, but that spending will increase as lower gas prices endure.
But such structural investment takes a long time to achieve results, it has been slow getting under way, and if high prices endure for several more years, alternatives could become increasingly attractive, even unstoppable.
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Shipping experts said that if weak coal prices endured for a few more years, financing could be jeopardized for a handful of the remaining ones.
Bitcoin, being the larger, better known of the two, has seen its price endure the downswing perhaps a bit better than its smaller cousin.
These state oil companies appear more willing to pay high prices for reserves on fears that today's high oil prices will endure.
Berman suggests that the smart money in the sector (i.e., its executive suite) either doesn't think the high prices will endure, has limited confidence in its own long-term growth prospects, sees few opportunities to spend that money wisely, or all the above.
The lines outside Ansel's bakery seemed to embody all that was wrong with New York in its new Gilded Age: its vulnerability to hype and its willingness to pay obscene prices and endure penitential inconveniences at the hands of culinary auteurs.
If the current round of price increases endure, more could follow.
But one of the reasons for believing higher prices won't endure is that, in general, for inflation to take off, wages must also rise.
With low oil price, offshore contractors endure considerable pressure and struggle to provide cost-effective services.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com