MPL General Counsel Corner – Predictions and Estimates are not Guarantees

Tags : covid-19
June 08, 2020

Predictions and estimates are good for scenario analysis.  However, predictions and estimates are not guarantees and very rarely come true.  I wanted to share a few stories which I think show a move toward normal, versus some of the gloomier outlooks that have been shared on a national level over the last several months:

May sees the biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus

Lowe’s same-store sales surge 11.2% as coronavirus restrictions spark home improvement spending

US Treasury Yields Rise After Positive Economic Reports (just a headline from 6/3/2020, you need a subscription to see the whole article)

The moral of the story, and I have said this in a number of prior posts:

You choose whether you want to participate in a downturn.

Here are some other things that may be important or relevant for you:

  • June 2020 Economic Review – check out the latest from Robert Teeter at Silvercrest Asset Management Group (thanks to Sean O’Dowd for sharing).  The quote from Roberto Clemente was particularly impactful:  “Why does everyone talk about the past?  All that counts is tomorrow’s game.”


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As always, please don’t hesitate to email myself (, Andy Miller (, Christian Miller ( or anyone in our office with questions or comments.  


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