If government debt continues to shrivel, markets can find new instruments to replace government securities as a benchmark.
This wine is produced by leaving the grapes on the vine to shrivel and rot and not picking them until they are entirely encapsulated by ice.
The row over the early payment of bonuses at Merrill Lynch shows yet again that insiders' interests come first (those to BofA staff, however, are likely to shrivel).
But the multitrillion-dollar consumer credit market isn't going to truly shrivel soon.
Until Greece, and every other Eurozone country for that matter, relaxes labor laws to allow for mobility of workers, (this translates to employer freedom to hire and fire), and reduces restrictions to start new business they will remain anticompetitive and ultimately shrivel away to nothing.
Unless drugs firms continually bring enough new products to market to replace lost revenues they will shrivel and die.
Fiscal fantasyland: Watch the economy shrivel before your very eyes as you struggle to stop growth falling!
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Too many people have made too much money, in bonds as well as in stocks, since 1994 to change their lifestyles radically just because their net worths shrivel a bit. (However, the wealth effect on consumer spending could surface if the market drops 20% or more.) Lower interest rates will help sustain consumer spending.
If they move to another country, their chances of staying in touch with family members shrivel.
Do you shrivel up, or do you get back up and figure out how to improve?
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