We see limited scope for further capital expenditure cuts beyond those already announced.
Once bond spreads and property yields are low, there is no longer much scope for further capital gains.That is why investors' hopes are pinned on the stockmarket in 2007; share valuations are only at historically average levels.
When yields approach zero potential returns peter out; the income is reduced and the scope for further capital gains is limited.The thunder and the sunshineHistory suggests that investing at the current low level of Treasury yields is a very bad option.
An initial assessment by Case reveals that there will be limited scope for any capital expenditure by research funding organisations.
In these ways, the global capital market appears to take a big problem the economic instability that would anyway be caused by purely domestic finance and make it worse.If the scope for error in capital markets is so great and the subsequent punishment so brutal, do the benefits of unimpeded global finance, substantial as they may be, justify the risk?
UBS suggested there was plenty of room for the supermarket group to return cash to shareholders: Morrisons is over-capitalised by at least £1bn, and the preliminary results (10 March 2011) offer the scope for a substantial capital return and/or a material hike in the dividend.
Khan is banging the devolution drum at every opportunity, seeking further scope for City Hall and the capital's 33 local authorities to take command of the capital's destiny.
There is scope for more flows of capital: Peru has natural gas that Chile needs, and both countries are members of the Pacific Alliance, a free-trade block formed in 2012.Others are watching closely.
This denotes there is only moderate scope for greater use of capital or mechanization at the farm level to sustain or generate output growth if land is not increased at the same time.
Perhaps from the 1960s to the 1980s slow investment was the counterpart of decelerating productivity, and Argentina could coast along with a depreciating capital base and modest net capital stock additions, but then in the 1990s, the scope for TFP led growth appeared and capital was apparently not adequately mobilized.
