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"We paid a little more than we might have because we expect appreciation after the Big Dig," he said.
That's a noble goal, but in a free market economy, can we realistically expect appreciation for animals to suddenly trump the industrial efficiency required to meet the demand of billions of hungry omnivores?
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Twenty-five pexpectedxpected appreciation of 16% or more in that period.
He said Iran had expected appreciation -- not accusations -- for its positive efforts concerning Afghanistan and reiterated Iran's position opposing any American action against Iraq out of concern that instability there would affect security in the region.
But capital-gains taxes usually play a minor role here, because expected appreciation of the shares or assets of the target company after it is acquired is not usually a major reason for the deal to go through, except in private-equity takeovers.
An interest rate of just over 4% on yuan deposits compared with 2% on dollars, combined with an expected appreciation in the yuan, offers a seemingly risk-free profit for those who can get money into China.It comes in via various circuitous routes.
During the housing boom of the mid-aughts, buyers paid prices for homes with a huge expected appreciation cooked into the price.
Don't include expected appreciation in calculating the purchase price you're willing to live with, and walk away if the asking price isn't right; bad investments never look bad in the first couple of years.
Figure 2 also exhibits some degree of short-term under-prediction for the 1-month ahead exchange rate, in the sense that expected appreciations were lesser in magnitude than observed appreciations (and vice versa for depreciations).
Changing expectations about China's currency — fewer businesspeople now expect further appreciation — may have also reduced the incentive for companies to overstate exports, Mr. Kuijs said.
But analysts almost uniformly say they expect further appreciation over the next year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com