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In general the atmosphere in Washington is one in which expectations are small.
"All too often there comes a point at which expectations shrink.
Only after passing through the "trough of disillusionment", during which expectations return to a more sensible level, are they widely adopted.
Franchione, who was hired on Friday, takes over a job in which expectations have changed little since Bear Bryant contended for championships nearly every year.
Meanwhile, the frequent ministerial meetings give the media and markets a focus point at which expectations of a deal are raised, often only to be dashed.
A plunging currency raises import prices, sometimes substantially, which can fuel inflation in economies in which expectations are less well-anchored.
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Then we have the Champions Trophy, a slick, slimmed-down version of the ponderous World Cup, and one on which expectation, given home advantage, is high.
However, until the 1970s, most models relied on adaptive expectations, which assumed that expectations were based on an average of past trends.
So, too, were works in which no expectations were met.
The company showed more progress with its second-quarter results, announced Thursday, which beat expectations.
In fact, they already have surpassed the principle amount borrowed, Schachter says, which exceeded expectations.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com