But if the rich have done well in bubbles, they have
taken enormous hits to their wealth during busts.
Sure, the US has in the past had a competitive advantage in financial services but much of that has been squandered in recent years as the US reputation for financial management has
taken an enormous hit to its credibility.
But the South American nation did still
take an enormous hit from the earthquake.
If you purchase two properties worth $ 200,000 each and an earthquake destroys one of them, you may
take an enormous hit to your portfolio (assuming you don't have any sort of earthquake insurance, which can be prohibitively expensive).
Another use for life insurance that most younger individuals might not need or wouldn't be inclined toward really came to light in the last few years when our retirement portfolios
took an enormous hit.
Not exact matches
It is easy to
take credit after an idea strikes you, but in fact, neurons in your brain secretly perform an
enormous amount of work before inspiration
hits.
Cutting up
takes an
enormous amount of focus and for most people, it gets difficult right about the time that they are trying to
hit single digits for body fat percentage.
Battle: Los Angeles finally
hits a more blockbuster tone in the final act, where the squad
takes on an
enormous alien control ship using all of their resources and military instinct.
Then there's the antiquated infrastructure, held back by decades of economic stasis, in part from the embargo but also by the
enormous hit the country
took when the Soviet Union collapsed in 1991.
«Whilst the PPF is an important and valuable support, UK final - salary pension schemes have an
enormous deficit blackhole, which raises the inevitable question, «how many more big
hits can the PPF
take?
Despite Canada's limited
hit this time around, we too carry an
enormous debt load (estimated in the $ 1 trillion range), which will
take an entirely different approach than we have
taken up until now to pay off.
The banks did not even know how to handle them and were ill equipped to
take on the
enormous case load of thousands upon thousands of short sale files that
hit their loss mitigation departments across the country from Florida, California, Arizona and Nevada.