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Rosy expectations also complicate the transition.
Since the creation of the Scottish Parliament in 1999, a near stagnant economy has dashed once rosy expectations of prosperity.
City officials say their rosy expectations were created by PaineWebber, the lead underwriter, when it described the bond transaction.
Groupon, Netflix and, most visibly, Facebook have all been hammered recently as investors began to realign their rosy expectations with cruel reality.
ALMOST every year since the end of the financial crisis has started with rosy expectations among American forecasters, and this one is no different.
America's long expansion in the 1990s encouraged rosy expectations about future growth and profits, encouraging over-investment financed by heavy borrowing.
Similar(43)
"This sits distinctly at the top of our rosy expectation".
"People had a really rosy expectation about the future of the Japanese economy".
Wall Street expected a 7.5% overall earnings drop by the time September rolled around, compared with a far more rosy expectation for a 28% increase a year ago, Rosenberg wrote in a Friday note.
But the reception has exceeded his rosiest expectations.
The former prime minister's lawyer said the verdict went beyond his "rosiest expectations".
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