Word: understands
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Dates: during 2000-2009
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...simulation of what would happen if U.S. consumers followed a path similar to that of Japanese businesses in the 1990s. That was another episode of a great debt dump following a stock-and-real-estate bubble - it's one of the examples economists often turn to in trying to understand what's going on now. Lansing and Glick figured that for U.S. households to resume a debt-to-income ratio of 100% over the next decade, the savings rate would have to nearly double, from its already elevated 5.7% all the way up to 10%. That would subtract three-quarters...
...understand the Great Consumer Retrenchment is to look at the amount of debt the typical household carries as a percentage of its disposable income. The ratio of debt to income increased from about 35% in the early 1950s to about 65% by the mid-1960s, where it more or less stayed until the late 1980s. That's when debt started its epic rise, hitting 100% of income in 2001 and going all the way up to 133% in 2007. (Read "Five Reasons for Economic Optimism...
...initially balked at the idea of learning how to properly taste and describe whiskey. How did you go from that to describing brands like High Wine Whiskey as "the rebel no one wants you to date." There's a certain amount of hesitation some people have to trying to understand what they're consuming, whether it's ice cream or whiskey. By personalizing it in a way that is atypical of how most reviewers describe whiskey, I think it's more approachable. So when I say Maker's Mark is like the genius who decided to become an auto mechanic...
...event was first announced," said NRCC spokesman Ken Spain. "A great deal of effort has been put into this fundraising event, and Speaker Gingrich has gone above and beyond the call of duty. It is our hope that Governor Palin will attend the dinner and be recognized, but we understand if her busy schedule doesn't permit her to do so." (See pictures of polarizing politicians at LIFE.com...
...more willing to cooperate. Kim Jong Il "is like a frog in a well living in his own world," complains Kim, the retiree. "If he opens up, the North Koreans would be better off, and we would be better off, too, but he doesn't seem to understand that." Until he does, the conflict on the Korean peninsula will remain as it has for so long - stuck in time...