The snag, however, is that a small revaluation of only 5% might encourage expectations of a further appreciation and attract more capital inflows.
FRANKFURT — Bank lending to companies in the euro zone continued to slump in November, according to official data published Thursday that could encourage expectations of an interest-rate cut by the European Central Bank as early as next week.
Progressives generally, and Obama especially, encourage expectations as large as the 1,428-page 1,428-pagerade), 1,566-page (financial reform) and 2,409-page (health care) bills they churn out as "comprehensive" solutions to this and that.
Left unexamined amid the usual online table-thumping about this or that business model is the rather remarkable – and encouraging – expectation that an experimental act such as Atoms for Peace would make much money on recorded music in the first place.
Early results are modestly encouraging: expectations seem to be shifting, a prerequisite for faster growth.The lesson for the ECB is that QE and a credible commitment not to panic at the first whiff of inflation can work.
The discovery of major offshore oil reserves was announced in June 2007, encouraging expectations of a major economic boost.
The danger is that this could encourage the expectation of further appreciation, attract even bigger capital inflows and so exacerbate inflation.
Fletcher, who watched the disaster with a stony face, is an intelligent man and has been a brilliant coach for England over seven years: as such he must know that his side have been treading water all winter, the win in the one-day series in Australia a piece of camouflage on a dire winter, a dollop of make-up to hide the blemishes and encourage false expectation in some quarters.
Dependent people may think they cannot afford the service at full cost price, and free-of-charge services may encourage the expectation of using services from both groups, regardless of need.
The strangeness of reality consistently exceeds the expectations of science, and the assumptions of science, however tried and rational, are very inclined to encourage false expectations.
