"Against the backdrop of upcoming elections, we see government austerity and financial prudence taking a backseat to populist policies, potentially heightening market volatility," said Jitendra Sriram, head of research for India, and Herald van der Linde, head of equity strategy for Asia Pacific, in a HSBC Global Research report released Wednesday.
Consider prudence, for example.
A tender, witty novel in which a former monk, after 20 years in his order, rents an apartment from a 38-year-old single mother; the ensuing relationship proceeds cautiously, taking account of the prudence required of struggling people who aren't going to get that many more chances.
A tender, witty novel in which a former monk, after 20 years in his order, rents an apartment from a 38-year-old single mother; the ensuing relationship grows cautiously, taking account of the prudence required of struggling people who aren't going to get that many more chances.
Groh said both he and Testaverde wanted the starting quarterback to play, but that 'we had to let prudence take over".
TODAY'S recommended economics writings: Asia's Keynesians take pride in prudence (Financial Times) Gauging the inflation expectations of business (Atlanta Fed) With banking, question everything (Economix) Am I being unfair to the Fed, or is the Fed being Unfair to those who need its help?
What form can incentives to prudence take?
For these time limits to remain feasible we have to continue the efforts to coordinate the fiscal policies of the government with the monetary policies of the central bank and this takes moderation and prudence in the budget execution.
While investors would welcome a broad plan for deficit reduction, they would prefer that Congress approve some meaningful belt-tightening today and put it into effect tomorrow, especially now that Europe is taking a stab at fiscal prudence, said Iain Clark, international chief investment officer for Henderson Global Investors.
