"I'm talking about something that's a modest correction, not something draconian," he said.
They are a modest correction against failures in algorithmic prioritisation on the indelible web.
Data rights are a modest correction against the pre-existing reality.
Masayuki Takaura, senior foreign exchange manager at Sanwa Bank Ltd. in London, said the yen was due for a modest correction after recent gains.
Of what he sees as a modest correction in the rental market, Mr. Longo said, "It's not a bad thing".
Probably more important, interest rate changes have become problematic in the face of what The Economist magazine labeled "America's bubble economy". A modest rate increase might lead to an equally modest correction in the stock market.
Hopefully there then would be a modest correction close to equilibrium rate, rather than an excessive correction and another a wild swing to an undervalued currency, as we had in the past.When Labour was re-elected last year, you spoke of the need for the independent Reserve Bank to vary its emphasis from strictly controlling inflation towards policies more encouraging of growth.
The report also warned about "intra-euro-area imbalances" and said that "up to now, the crisis has led to a narrowing of current account differences within the euro-area, but only modest correction of past competitiveness divergences between member states".
But I find it inconceivable that "smart and sleazy" bankers, in Mr. Brooks's words, didn't comprehend that housing prices were grossly inflated, and that even a modest correction in housing prices would cause the default of a great many mortgage-backed securities and huge payouts by financial institutions that had agreed to insure such securities through "derivative" contracts.
Without the Fed backstop, I believe there will be a modest correction in the first half year and then a recovery to all-time highs.
Over the last few weeks, as the overall market has had a modest correction, biotech has had a pretty severe one.
