These investors do not view the 7 annual return on stocks as an average expectation, with downside risks counterbalanced by upside opportunities. Rather, they see a good scenario outcome that only the foolhardy would trust.

To the extent that this is true of other advanced economies, the global economy faces an extended multi year period of low growth, with residual downside risk coming from policy gridlock and mistakes in Europe, the US, and elsewhere. That scenario implies slower growth possibly 1 1.5 percentage points slower in developing countries, including China, again with a preponderance of downside risk.

While the IMF s primary scenario is that Irish and Portuguese debt levels will soon stop rising, it comes with a chilling litany of downside risks. The likelihood that budget deficit and debt targets will be missed is rising.

It's like tapered to the downside.

Boat Scenario

So, that's the upside. The circular mill is the downside.

That's my favorite scenario.

Race scenario drawing tool

That's an absolutely possible scenario.

So this scenario makes predictions.

What's the worst case scenario?

There is no alternative scenario.

That's something like a movie scenario.

It's the downside correlation of their fortunes that will become more and more possible.

In this scenario, nobody's listening to anybody.

I'm jumping to the worst case scenario.

That is the scenario at the moment.

I'm going to give you my favorite scenario.

We have focused on the worst case scenario.

A remote scenario? Perhaps, but not remote enough.

Can such a scenario also apply in Darfur?

Thus, central banks in many advanced and emerging economies are facing a nightmare scenario, in which they simultaneously must tighten monetary policy (to fight inflation) and ease it (to reduce the downside risks to growth). As inflation and growth risks combine in varied and complex ways in different economies, it will be very difficult for central bankers to juggle these contradictory imperatives.

It would lead to a scenario of a failed State in the Sudan, the scenario which the signing of the Peace Agreement was designed to avoid.

And even a tiny probability of catastrophe is unacceptable when the downside could be of global consequence.

Now, let's just change one thing in this scenario.

This scenario predicts that we should be a minimal fluctuation.

A negative growth scenario prevails also for the operational budget.

That would lead to a scenario of a failed State in the Sudan the very scenario we wanted to avoid in the first place by signing the Comprehensive Peace Agreement.

The baby bottle scenario proves that we can prevent unnecessary exposure.

That's a potential scenario if we fail to take this seriously.

So, that's a scenario that we think we should be capitalizing on.

We must not allow this catastrophic scenario to become a foregone conclusion.

Scenario note for the second meeting of the Conference of the Parties

The projected year end revenues and expenditures constitute a most likely case' scenario.

Economic impacts were estimated for each scenario for the period 2000 to 2030.

Scenario I varying the weights of existing factors within the current base figure

Because under this scenario, we walk further and further away from the current climate.

Possible scenario for COP 11 and COP MOP 1 (28 November 9 December 2005)

The Don Quijote mission represents an excellent reference scenario to consider possible cooperation options.

The authorities are urged to address this scenario in a transparent and efficacious manner.

For the latter two gases, it would result in an emission of 0.7 Gt CO2 eq in 2015 in the mitigation scenario, compared to an emission of 1.2 Gt CO2 eq in the business as usual scenario.

The job, though, came with one small downside. And that is they intended to publish my email address at the end of every column.

The only plausible inflationary scenario presupposes that when economies recover, central banks do not raise interest rates sufficiently in the coming boom, keeping too much of the current liquidity in the market. Such a scenario is not impossible.

And what makes this scenario particularly appealing to me is we could do it today.

But when the scenario we have imagined suddenly flips into something entirely unexpected, we laugh.