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" ... Ball physics have been improved in most situations, but there are a few instances where the flight of the ball appears to be unrealistically altered. ... "
" ... Let’s consider stocks, Treasuries and gold to see what investors likely need to beat over the very long term. Let’s also factor in numerous bear markets and bull markets alike to avoid setting unrealistically high or low expectations. ... "
" ... Money from sales of 10-year or longer Treasury notes and bonds to euro-based investors doesn’t necessarily have to return to that part of the curve –especially when everyone knows then when yields do rise the returns will be painfully negative. Further, if these longer-term yields were unrealistically low relative to US growth prospects the cash would be going into physical assets and fueling a boom in capital spending. Data doesn’t quite indicate funds flowing in that direction. Perhaps this is why one year Tbills yield 20bp when banks are earning 12bp from the Fed on overnight money. ... "
" ... The UK government has just made a huge bet on going green. As part of an extensive environmental plan, British Prime Minister Boris Johnson has announced that he is moving forward to 2030 the deadline on when new cars that use fossil fuel exclusively for propulsion will be banned from sale. Previously, it had been 2040. Plug-in hybrids have been given a further five-year respite, with a ban on these coming in 2035. But are these timeframes unrealistically soon? Are buyers and manufacturers ready? ... "
" ... Where does this leave tenants and their landlords? Tenants now have numerous means to renegotiate, if not extricate, themselves from what have become unrealistically burdensome leases. In many places, tenants face no immediate risk of eviction, and in some places, tenants are authorized to defer paying rent—without late charge or other penalty. As the amount of unpaid rent grows, it becomes evident to all parties that some deals must be renegotiated. This is especially true when tenants are willing to walk from marginal deals and have little to lose if they do. In still other cases, tenants will be able to terminate their leases by applying long-standing legal principles to the extreme conditions produced by COVID-19. ... "