First, though, before explaining the reasoning behind such a buoyant expectation, it's worth understanding why gold has essentially pulled a Rip Van Winkle in recent years and why some say any sustained decline from current levels is unlikely.
An economic-sentiment index published this week by ZEW, a think-tank, was buoyant, but expectations for six months' time are sagging.Still, Germany looks set to lead a robust expansion in the northern part of the euro area.
The sun was shining on the festival site, and the crew was buoyant after Paris, so expectations were high.
But imports surged way beyond expectations and retail sales handily beat forecasts, pointing to buoyant domestic demand.
But the art market is so buoyant, flush with Russian and Far Eastern money, that even ambitious sales expectations are regularly exceeded.
Soon, Arcosanti plunged him back into the buoyant mood of the hippie age: the "adolescent feeling of heightened expectation, of believing that anything is possible".
In a slow growth economy, expectations of those future cashflows should have fallen as well, but buoyant profits mean they have not.This is all down to higher margins; for the S&P 500 companies, earnings per share have risen more than 50% since the crisis but sales per share have hardly budged.
Factoring in, as well, the end of the stimulus, stalling consumption, little or no home construction, the collapse in lending, the onset of higher taxes and the expiration of the Bush tax cuts, Schnapp figures consensus expectations of GDP growth of a little above 3% in 20010 and 2011 may be too buoyant and that 2% may be closer to the mark.
But consulting is buoyant.
