"AXA Investment Managers were very humble in their latest weekly comments. Referring to their assumptions of monetary policy easing, the AXA gurus said: "No matter how rigorous our analysis and guidance, reality sometimes overflows the contours that we have defined for it."
I can sympathise - I know the feeling. As I said to an ex-girlfriend, when I said that I would still love you the next morning, I'm afraid that reality overflowed the contours I defined for it...
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