The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move.
Scientific views end in awe and mystery, lost at the edge in uncertainty, but they appear to be so deep and so impressive that the theory that it is all arranged as a stage for God to watch man's struggle for good and evil seems inadequate.
It is in the admission of ignorance and the admission of uncertainty that there is a hope for the continuous motion of human beings in some direction that doesn't get confined, permanently blocked, as it has so many times before in various periods in the history of man.
Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit.
The real effect of the WTC calamity has been depressed spirits, anxiety, and uncertainty among publishers, and of course those emotions are not restricted to publishers.
The interval between the decay of the old and the formation and establishment of the new constitutes a period of transition which must always necessarily be one of uncertainty, confusion, error, and wild and fierce fanaticism.
