Or interest rates could rise if people expect a much weaker global economy and, in a weaker global economy with no inflation, investors should be holding more US Treasuries, not fewer.

A weaker economy means more bankruptcies and home foreclosures and higher unemployment.

But a weaker German economy makes adjustment in the periphery even more difficult.

That should be a warning for Europe, whose economy is now far weaker than America s.

And, as we have seen, a weaker financial system means a weaker economy, and possibly the need for more emergency money to save it from another catastrophe.

The ECB should drop its inflationary bias because the European economy is weakening, and the weaker economy will contain whatever inflationary pressures now exist.

With so many dollars going abroad, the American economy should have been in a much weaker shape than it appeared.

Not preparing for a second stimulus now risks a weaker economy and the money not being there when it is needed.

A vicious cycle of asset price correction and weaker growth, together with downside surprises that are not currently priced by markets, could lead to further asset price declines and even weaker growth a dynamic that drove the global economy into recession in the first place.

A weaker economy calls for a larger deficit, and the appropriate size of the deficit in the face of a recession depends on the precise circumstances.

If the economy looks weaker than anticipated in early 2013, the proposed tax cuts could be larger (as long as they were phased out during the economic recovery).

Yet another vacuous budget deal, in conjunction with weaker than expected growth for the US economy for years to come, spells a protracted period of outsize government deficits.

Household balance sheets are weaker.

Such figures have fueled the perception that Germany s economy is booming, and that its future would be even brighter if the eurozone s weaker economies were not dragging it down.

The weaker economy and higher unemployment that inflation targeting brings won t have much impact on inflation it will only make the task of surviving in these conditions more difficult.

Globalization thus implies that sovereignty is not only becoming weaker in reality, but that it needs to become weaker.

Russia s economy is weaker, and its armaments are rusty. It retains a formidable nuclear capacity, but it is inconceivable that Russia would use it to secure its aims in Ukraine.

Second, persistent weakness in consumption and GDP growth puts the US economy on a much weaker growth trajectory than that which is built into the government s long term budget estimates.

Weaker economies will also feel the pinch.

Europe s stress tests have been much weaker.

Large scale adjustments may leave an economy with a weaker capacity to generate growth, because high taxes have deterred investment or cuts in public spending have eroded the quality of infrastructure and education.

After all, a weaker currency and better trade balance in some countries necessarily implies a stronger currency and a weaker trade balance in others.

So, although the economy is now weaker than he or anyone else would like, he may want to complete his policy legacy by beginning the exit from unconventional policies before he leaves the Fed.

The weaker dollar reduces the US standard of living.

External factors are especially important in smaller, weaker countries.

These bridges can protect weaker trees from strong winds.

Likewise, a healthy economy is anti fragile, and requires more than just the absence of poverty. In a strong economy, stress improves productive capacity a short recession or a minor shock gets rid of weaker players, so that employees and capital can shift to more promising companies and sectors.

The stronger sectors (within countries and across them) will continue to recover, but not enough to pull up the global economy whole As a result, weaker sectors risk being surpassed at an ever faster pace.

Finally, most economists agree that, apart from these considerations, the appropriate size of a deficit depends in part on the state of the economy. A weaker economy calls for a larger deficit, and the appropriate size of the deficit in the face of a recession depends on the precise circumstances.

These figures are a good deal weaker than originally stated.

If declining confidence in US fiscal policy leads to a weaker dollar, Europe and Asia may find it more difficult to export, and if the deficits prove a drag on the American economy, global growth may stall.

And a weaker dollar is one way of delivering foreign markets.

Fewer foreign purchases of US assets again imply a weaker dollar.

The result of protracted US weakness is also a weaker Europe.

Commercial banks loaded with weaker countries government bonds became potentially insolvent.

Now there was long war between the house of Saul and the house of David and David grew stronger and stronger, but the house of Saul grew weaker and weaker.

Now there was long war between the house of Saul and the house of David but David waxed stronger and stronger, and the house of Saul waxed weaker and weaker.

Second, the Fed s announcement that it will keep interest rates at extraordinarily low levels through mid 2015 implied that it does not expect recovery anytime soon. That should be a warning for Europe, whose economy is now far weaker than America s.

We cannot help the poor by making their already weak governments even weaker.

Fifth, in the long run, a weaker dollar decreases supply and increases demand.

But economic recovery everywhere will be weaker and will take longer than expected.

Large scale adjustments may leave an economy with a weaker capacity to generate growth, because high taxes have deterred investment or cuts in public spending have eroded the quality of infrastructure and education. But this is true of the unorthodox remedies as well.

Both could therefore sponsor the indispensable compromise between the eurozone s stronger and weaker countries.

China s strategy has had more success without provoking serious risks against the weaker Philippines.

France latched onto the idea, because its borrowing capacity was also weaker than Britain s.