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As inflation falls, expectations will quickly follow, says Nelson Barbosa, the deputy finance minister.
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And low and falling expectations of inflation suggest that markets doubt the Fed's ability to leave Japan-style stagnation behind.
More important, the preferred income gives Berkshire significant protection if the value of its common shares falls below expectations.
Financial results could fall below expectations.
The Magic had fallen below expectations.
The October rate fell below expectations by analysts of 312,000.
Since November, sales at Wal-Mart Stores have fallen below expectations.
Soybean prices, meanwhile, fell on expectations of a greater supply.
To outward appearances, Landis's 2005 season fell below expectations.
Corporate results released over the last few weeks both fell below expectations and exceeded them.
And the discount retailer Target reported a 1.7 percent increase, which fell below expectations.
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