This was at the end of a long period of secular decline after the economic zenith of 1650.
We don't believe there is a secular decline.
There will commence a secular decline in the quality of public thought, emotion and activity.
Here, too, the secular decline of small farms and rural towns would become inexorable, as in Argentina and everywhere.
In my opinion, the two biggest reasons for the boom-bust cycle are poor monetary policy and a secular decline in credit standards.
Beyond 1987, however, he sees the dollar in a secular decline.
To choose is to govern, and all government carries with it elements of misrule, secular decline and the shadow of revolt.
The long-term challenge facing the Postal Service is the secular decline in first-class mail volumes resulting from competition from electronic communication alternatives.
Indeed, perhaps the greatest single prop underlying the almost uninterrupted market boom of 1980's and 90's was the secular decline in interest rates that accompanied disinflation.
As a consequence, Mr. Resler says a "secular" decline in long-term bond yields to between 6 percent and 6.5 percent is possible over a year or so.