Word: afforded
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...have a brilliant plan to just buy and hold oil? Don't count on it. The bigger players know what you're thinking, and they'll drive the price temporarily down so you are forced to sell at a lower price - or risk losing more than you can afford. As the price falls, and all of the other "smart" traders around you are forced to unwind their long positions and sell oil, the price will fall even faster against you. Why would the big boys do this to you? Well, any money lost by one trader must be gained...
...capita income of $6,000, compared with $39,000 in the U.S. and $33,400 in the E.U. To be solidly middle class in China's big cities is to have an income of about $12,000. Brisk though auto sales may be, most Chinese still can't afford a Volkswagen or a Buick, let alone a BMW. Even as China's consumers feel richer, their share of its economy may not change much until Beijing enacts reforms to the health-care and social-security systems, steps that would give people more confidence to spend rather than save. Last year...
...this in the middle of a recession. That's a big load to take on - which then gives traction to this notion that we are interested in expanding government, which then feeds into suspicions that somehow health care is another big government project that we can't afford ... Had we not been in the worst financial crisis since the Great Depression, I would have led with health-care reform, made the case, and potentially we might have had it done by now. But I disagree with this idea that because of the financial crisis, somehow we can afford...
...housing malaise, sit down at Jillian and Aaron Roberts' kitchen table. As 2-year-old twins Lennon and Miles run by - those divots in the table are their doing - the couple explain that when they first started looking to become homeowners back in 2006, there was little they could afford. "Even a modest home was too much for us," says Jillian, recalling the go-go years of real estate, when a young family like hers didn't stand a chance of getting into the game...
...Part of that return to normal is driven by a return to reasonable lending: people aren't buying more than they can afford to because banks won't let them. When the Robertses first met with mortgage planner Iva Deobald last year, she told them to go away, pay down their credit-card and student-loan debt and then come back with a better set of financials. Deobald says, "I'm back to what I used...