In fact, it corresponds to a decades-old phenomenon related to US internal dynamics, especially to changes in demographics (the relative rise in population of southern and western states such as Texas, California, Oregon which have had traditionally less links with Europe).
And, just to stave off boredom, and to attract some practical (paying ) participation, I suspect, one of the organizations he works with runs the Financial Centre Futures which tracks the relative rise and fall of financial centers around the world, which I wrote about a few months ago at Forbes.com.
It is more difficult to increase labour productivity in services than it is in manufacturing thus as real incomes rise we would expect the costs of services to rise relative to the costs of manufactures.
Ergo, according to the most basic law of economics, the cost of medical care will rise (how much being based on the relative elasticity of medical care) and the cost of health insurance will rise accordingly.
Even before these latest symptoms of Western decline, the perception of China's relative rise had taken root around the world.
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Today's deal introduces a lot of certainty to US income tax rates but it leaves nearly all the key spending issues up in the air - and it does not pave the way for the rise in tax revenues, relative to GDP, which most economists think will be crucial to filling the long-term hole in America's federal budget.
Where you in hte US will see the rise in relative prices in health care or education cdirectly, as you pay for it directly, we Europeans see them as rises in the tax burden because those things are largely paid for through taxation over here.
Mr Cline thinks most poor countries would benefit from a rise in the relative price of agricultural goods in the world market.
As the Demographia study shows, the highest rise in prices relative to incomes generally has taken place in wherever strong growth controls have been imposed by local authorities.
The increase in the demand for paper currency and gold not only had a quantity effect on the money supply but it also put upward pressure on the price of gold, which meant that dollar prices of all goods and services had to fall for the relative price of gold to rise.
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If they thought the Bank of England could deliver a rise in what people earn relative to the nominal value of their respective debts, they would vote for that.
Certainly there is a suspiciously close correlation between the rise in women's employment and their earning power relative to that of men on the one hand, and the rise in marital breakdown on the other.
The element of relative scarcity in the economy over the last four years has given rise to much more intense competition.
The rise in China's relative costs has been even greater given its higher inflation rate.
The rise stems partially from its relative strength during the economic crisis.
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Second, by endorsing a rise in the Chinese currency relative to the dollar, the president and those who support this policy put at risk the vast soft power and competitive advantage the U.S. enjoys by providing Asia and the rest of the world a reliable currency for engaging in trade in goods and financial instruments.
It will experience higher revenues due to the Fed program and, more importantly, it will see the value of its troubled housing assets rise to the point where they can be sold at profits relative to their book values.
Stocks could rise or fall, depending on the relative growth rate of profits compared to the increase in interest rates.
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While the market could continue to rise the indicators that show short-term overbought conditions such as the RSI (Relative Strength Index) and the MACD (Moving Average Convergence Divergence) are both solidly in overbought territory.
Nothing is free, but the cost is relative to not hopping aboard the greatest rocket ship ride since the advent of the web, and the rise of the PC before that.
The result could be an unintended rise in defence spending relative to social spending.
The perceived relative riskiness of rich countries' debt could well rise and so could their relative bond yields.
User numbers also tell the story of Facebook's rise and Twitter's relative stagnation.
Which means their levy payments will rise both in absolute and relative terms: the burden on British banks will increase.
Prices merely rise to reflect the increase in the supply of money relative to the supply of consumer goods.
As the world financial system careened toward debacle and then new scrutiny in recent years, unregulated oil and metals traders were at work in relative obscurity in Switzerland building massive businesses, capitalizing on the rise of commodities prices and China.
Which means that, relative to big banks, the costs of borrowing for building societies amd tiddler banks would rise sharpest.
This relative deterioration in America's business climate has coincided with a spectacular rise in the incomes of the sort of people who read the Review.
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Thus, even if the US is successful in reducing its fiscal deficit significantly, public debt relative to GDP continues to rise due to sluggish economic growth and a still high fiscal deficit.
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And I have argued that the rise of Web 2.0 last decade diverted many developers from mobile, leading to a relative dearth of mobile apps, especially in the enterprise side.
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