Insights

MPL General Counsel Corner – Predictions and Estimates are not Guarantees

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.”

 

Please see all of our prior updates at the this link or if you would like to be added to our email list, please click here

As always, please don’t hesitate to email myself (jsanders@mpl-law.com), Andy Miller (amiller@mpl-law.com), Christian Miller (cmiller@mpl-law.com) or anyone in our office with questions or comments.  

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