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"I can't offset that -- one plausible benefit," Judge Jackson said.
That's because bad performance in one fund can't offset gains, and the associated carry, in another.
A congenial set of rules, it seems, can't offset a talented opponent, much less a worldwide financial panic.
— has a very good answer: because we're in a liquidity trap, and the Fed can't offset the economic downside.
"If we can't offset some of it, I think it will be a political disaster for Republicans".
So virtue is virtue after all, unless for some reason the Fed can't offset the fall in consumer spending.
Similar(41)
Walsh has to realise that he can't simply offset the damage that his planes do to the climate.
Even the most optimistic forecasts — enough hybrid- and electric-car demand to necessitate several dozen factories — suggest the battery industry can't significantly offset declines in American manufacturing.
"Policymakers and companies have had time to make contingency plans, even if they can't fully offset the impact," said analysts at at French bank Société Générale.
Conventional models, after all, say that contractionary fiscal policy is contractionary, and should not be undertaken at a time when those adverse effects can't be offset with looser monetary policy.
More specifically: austerity is a self-defeating policy when you're in the liquidity trap, so that the contractionary effects of deficit reduction can't be offset with lower interest rates.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com