Fractured Europe: 1600-1721 (Blackwell History of Europe) by D. J. Sturdy

By D. J. Sturdy

This ebook provides a story heritage of Europe, together with Britain and eire, from the top of the 16th century to the Treaty of Nystadt in 1721.

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Understanding and acting upon these trends are the keys to prosperity in what will likely be an age of global economic decline. tex V3 - 05/28/2014 2:44pm 3 Preparing for Prosperity—Good News for 2015 and 2016 Do You Have Enough? S. economy currently is and where it is going. The first order of business is to ignore the rhetoric. Just tune it out. Instead, pay attention to the key leading indicators we presented in Chapter 1. We are expecting the economy’s rate of growth to slow noticeably in the second half of 2014.

That pace of retail sales growth generally means that the consumer is in good financial shape and has a desire to spend. According to the Federal Reserve, household debt in 2013 was the lowest it’s been in 29 years. Balance sheets have been repaired for the vast majority of Americans, at least for now. And if the Americans are spending money, the world has an extremely important consumer market available to it. S. home prices will be a crucial part of ensuring this ability to spend money is present.

One reason is the dependency ratio. The dependency ratio is derived by dividing the number of folks 65 and older by the number of people of working age. However, we maintain that people are more active and healthier in the latter half of their 60s than was previously true. This means that they are less dependent on society than they used to be. The dependency issue is probably evened out in the long run given average life expectancy is increasing, so we get to be dependent longer than was the case in generations past.

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