Word: overshoots
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Unemployment has of course passed both those mileposts and is probably still rising. ("I have noticed," Bernstein says dryly.) This overshoot says more about the inadequacy of economic-forecasting models than about the efficacy of the stimulus. But the White House cites these same kinds of models in claiming that the stimulus added between 2 and 3 percentage points to economic growth in the second quarter and 3 points in the third quarter. This may be correct as far as general direction - my unscientific assessment (a.k.a. guess) is that it is - but the exact numbers are probably bunk. (Read...
...That is the issue, whether we'll overshoot and end up being below, in inflation-adjusted terms, where we were in 1997. We're not quite down to where we were before, but we're getting close. Overshooting is typical in the stock market, but in the housing market, I don't know. We've never really had such a big, national bubble in the housing market before...
...recent decision to continue accepting new projects comes amidst a dramatic decline in the value of the endowment, which has pushed the projected payout rate for next year to over 6 percent—the highest the University has seen in over two decades. With payments already projected to overshoot the desired five-percent mark, additional strategic spending will only push spending farther from the target. University spokesman John D. Longbrake wrote in an e-mailed statement that the decision to maintain the strategic payout program was made “in recognition of the importance of making continuing progress...
...years on end, currencies can move in directions that seem to have little to do with fundamentals. They overshoot their correct values, in part because nobody is ever sure exactly what those correct values are. In this medium-term cycle, it's just as bad to have an overvalued currency as an undervalued one. Worse, actually, because it means a fall is inevitable...
...It’s really going to tell us something fundamental about the world.” Physicists have tried for years to find the value of the cosmological constant, a number supposedly responsible for keeping particles in our universe stable. But scientists’ calculations always overshoot the actual value. For decades, the issue of how such a finely-tuned constant could exist has puzzled top scholars. “If any constants of nature were a tiny bit different it would totally disturb the universe,” Arkani-Hamed explained. The theory of multiverses posits that there...