If the housing market sustains momentum and drives economic growth above consensus, earnings could significantly exceed expectations.

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We recognize the scientific view that the increase in global average temperature above pre-industrial levels ought not to exceed 2 degrees C.

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Only in the quartile with exposures above 31.8 parts per billion do the odds values exceed 1, yet the figure suggests that at higher levels, probability starts to drop again.

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Only gains above that amount are subject to the tax, assuming the sellers exceed the income thresholds.

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