Exact(37)
The contributions of John Maynard (Lord) Keynes to capital theory are incidental rather than fundamental.
Despite the variety of views the justices expressed today, the differences among eight of them appeared nuanced rather than fundamental.
And even those changes were largely a result of reordered law enforcement priorities rather than fundamental shifts in the law.
But Mr. Romney's specific policy prescriptions in most cases have been different by degree rather than fundamental changes.
Still, he reckons there's nothing to worry about: "We believe that this increase in volatility is technical rather than fundamental in nature".
Because the rally was technical rather than fundamental, "it's going to be very difficult to have strong follow-through tomorrow," he said.
Similar(22)
The fact that prices are rising much faster than rents suggests that homes are being bought in the expectation of capital appreciation rather than underlying fundamentals.
Most good news was driven by cost-cutting and foreign exchange benefits, rather than fundamentals.
Analysts were already warning that the dramatic rise in China's stock markets was driven by momentum rather than fundamentals.
"In a market mostly driven by sentiment rather than fundamentals, we relate to the economic policies of the Congress, but not to that of the Communists," Mr. Prakash of HSBC Asset Management, said.
But a process that creates a false sense of competitive tension between two sets of investors, and fuels demand based on buzz rather than fundamentals, is hardly worth preserving.
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Justyna Jupowicz-Kozak
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