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In part, that is due to optimism about the economy's future trajectory.
Updated at 2.11pm GMT 12.47pm GMT Sterling hits 16-month low against the euro Sterling continues to sink against the euro today - partly due to the Moody's downgrade, and partly due to optimism that the Italian general election will deliver a stable election (see 11.40am) The pound is now down 1.75 euro cents at €1.139, a tumble of 1.5% since trading began.
Kao and Tienda (1995) find that the second generation fares better than the third generation due to optimism of their immigrant parents.
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While Americans' assessment of current business conditions "remains rather weak," the Consumer Confidence Index is at a three-year high "due to growing optimism about the short-term future," says Lynn Franco, director of the Conference Board Consumer Research Center.
May 2010: A slight rise in rates due to renewed optimism about recovery is described in news reports — and this is reported as a fact, not a speculation — as a sign of worries about US debt.
However, a move below this trendline will come at a cost, as the market will likely incur more prolonged selling due to building optimism and recent price activity that is showing some signs of weakening.
One of the major story arcs of the season entails Ben, who had never had a firm sense of home, gradually falling in love with the town of Pawnee due to the optimism and enthusiasm Leslie Knope shows for the town and her job.
Including more variables into the model increases the apparent c-index to 0.79 0.80, but a substantial part of the apparent increase of predictability is due to model optimism.
In the former, we would hypothesise that running speeds should increase due to greater "optimism", whereas in the latter they would be expected to decrease as a result of behavioural inhibition.
Once the variance in suicidal behavior due to age, optimism, social support from friends, and social support from family was controlled for, suicide resilience and reasons for living contributed significant variance to participants' suicidal behavior, Δ R = .19, change in F 9, 113) = 5.17, p < .001.001
He thinks the rise in bond yields to date is due more to optimism about the economy than fear of deflation.
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