Italian translation: nonostante le forti pressioni
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English to Italian translations [PRO] Bus/Financial - Finance (general) / newspaper article
English term or phrase:despite all the hand-wringing
Or it may not happen for a while. In his latest letter to shareholders, Berkshire Hathaway Chairman Warren Buffett cogently lays out the case for a weaker dollar. But he adds -- parenthetically -- that "the fact that so many pundits now predict weakness for the dollar makes us uneasy." Sure enough, despite all the hand-wringing, so far this year the dollar has strengthened against the euro, yen and British pound.
* Looking out. That brings me to another piece of conventional wisdom: that stocks returns will be modest in the decade ahead. "Everybody you talk to makes the same observation about long-run returns," Mr. Bernstein says. "But you don't see it in market prices."
Indeed, despite forecasts of low long-run returns, investors appear to have a healthy appetite for stocks. The market had a gangbuster 2003 and a respectable 2004, and shares remain richly valued compared with dividends and corporate earnings. Mr. Bernstein wonders whether earnings growth could prove surprisingly robust, leading to better stock returns than expected