John Raymond of CreditSights, a research firm, says investors used to like buying debt lower down banks' capital structure because they thought its higher yield overcompensated for a marginal increase in risk.
In fact, because inflation has declined, investors in Britain and America have been overcompensated for the risks—a windfall gain that has been exploited by followers of the carry trade.
First, they tried to change the subject to their strong suits, health and education, and then, when they chose John Kerry to be their presidential candidate, overcompensated by turning their 2004 convention in Boston into a Vietnam veterans' rally.
In this debate, making up for his boss's Spockiness was critically important, so Biden overcompensated with a volcano of verbosity and gesticulating.
I'm pretty sure I overcompensated for my lack of experience.
Arguably, he overcompensated for McLarty's laxness, limiting access to the President so drastically that Clinton surreptitiously sought counsel outside the channels that Panetta controlled.
His American friend said, in his defense, that Seif was the one son who did not have any military role, and so, upon being summoned back to his father's side after the uprising began, he may have felt obliged to do his part, and had overcompensated in his blustery call to arms.
But the plane was caught by a violent wind shear; he overcompensated, and, after zigzagging, ended up several degrees away from vertical.
North Carolina is that rare southern state that does not already have an anti-gay-marriage amendment tacked onto its constitution, and the state representatives who drafted this language seem to have overcompensated for their late arrival in the game.
Picasso overcompensated for this with his frenetic production of art, as if by painting picture after picture he could make the piece of paper pick itself up.
And one aspect of being creative is always thinking that it would be very nice to be richly compensated — dare I say overcompensated?
