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Over the longer term, he dismissed the idea of a structural decline and predicted yearly gains in the "midsingle digits".
The Bovespa index was up 7.4 percent in 2012 — a healthy return but not the double-digit yearly gains it often had a few years ago.
The federal accountability system, which mandates that all schools make yearly gains on state tests until every student in the United States is proficient in 2014, "is irrational and violates common sense," he said.
While the Consumer Price Index recorded one of its biggest yearly gains in decades, much of the increase came from record high energy prices, and economists expect price pressures to taper off.
A hedge fund like Cramer's, by contrast, takes a management fee of one per cent and no less than twenty per cent of the yearly gains, realized or unrealized.
Average yearly gains of as much as 8 percent are said to be needed for the funds to meet expectations, but even the best-performing state, Washington, posted returns of less than half that.
Similar(46)
Phoenix led with the biggest yearly gain at 22.8 percent.
The entire market rose, ending 2003 with its first yearly gain since 1999.
RIEF, meanwhile, notched gains of 5.4 percent this month for a yearly gain of 25.6 percent.
Global volume of beverages sold rose 1percentt, short of the company's goal of a 5percentt yearly gain.
During the 12-month period ended June 30 , 1999 the Federal prison population rose 9.9percentthethe largest yearly gain ever reported.
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CEO of Professional Science Editing for Scientists @ prosciediting.com