and the dangerous point of it is called Carp Back.
For Mr Blanchard, Spain is at a potentially dangerous point in the relative-cost cycle.
More painful sanctions, then, are the only sensible alternative to leaving Iran to enrich its way to the dangerous point where it can declare it has a bomb.
For Mr Blanchard, Spain is at a potentially dangerous point in the relative-cost cycle. Wages are still rising at a rate roughly twice the euro zone's average and well ahead of productivity growth.
The most dangerous point is at the root of the first engaged tooth of a joint. Generally, the biggest values of stress and strain may exceed the yield limit.
