And Chris, you've been listening to Brian sort of break down the outlook that we got from the IMF today, looking at 6. What does that mean from a markets perspective? And how much of that optimism, you think, has already been baked in? You can see that from the near all-time high levels of stock market indices, but also very stretched valuations. About the only way that you can justify the lofty multiples that average stocks, and particularly the market darling metal stocks are trading at is extraordinarily low interest rates. You can make an argument that the yield on equities is reasonable, given the extraordinarily low yields negative real rates.
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Apr ADIN : bobby fischer said if paul morphy was alive today and he was thought theory, he would whoop all ass In the s to s, Howard Staunton favored fianchettoed bishops. He understood that bishops could become one-dimensional pieces and fianchetto structures expanded the mobility of the bishop both defensively and offensively. However, the holes and closed positions in the pawn formation were exploitable weaknesses that caused Paul Morphy and Wilhelm Steinitz and others to shun them. Since World Champions dictate what's in and out, fianchettos fell out of favor as did a lot of Staunton's ideas. The Hypermoderns revived a lot of these ideas.
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