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Already, analysts have begun ratcheting down their second-quarter earnings estimates for the banks.
Mr. Mayo is not alone; the rest of Wall Street has been busy ratcheting down profit forecasts.
In fact, there are no flights from anywhere, so getting here is a process of ratcheting down the pace.
Many analysts now believe that the managed-care revolution yielded one-time-only savings, primarily by ratcheting down levels of hospital use.
In fact, economists and strategists on both sides of the Atlantic have been steadily ratcheting down their growth expectations for 2012.
At that point, he said, he is likely to start ratcheting down his clients' exposure to equities by around 5 to 10 percentage points.
The Iran accord has the potential to recast the Middle East and the US role in it, ratcheting down tensions between two bitter enemies.
U.S. businesses boosted their productivity sharply during the second quarter, squeezing out more output while ratcheting down labor costs, a Labor Department report showed on Thursday.
But many believe that ratcheting down may act as a deal lubricant, making it easier for buyers and sellers to execute at more attractive valuation levels.
Food producers, sawmills, breweries and pesticide and clothing manufacturers are among those in the second tier, receiving 100percentt at the outset but ratcheting down to 50percentt by 2018.
"It's hard to blame him for ratcheting down on our rights when our membership applauds when he does it," Rep. Thomas Massie (R-Ky).
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