Following up on Chris' e-mail to the Hollis BudCom about rising foreclosures and our considerations for the coming budget cycle, The Economist, a British news magazine with an excellent reputation for accuracy and impartiality, has a Global Forecasting Service that I subscribe to. They have a monthly Global Risk assessment where they rate both the probability of a scenario and the severity of it's impact. Last on the current risk list (lowest and least likely) is Improved confidence takes root, prompting a stronger rebound in demand. The top three in order of probability and severity of impact are: Sovereigns default as public debt spirals out of control; Developed economies fall into a deflationary spiral tied for second with The global economy experiences a double-dip recession as stimulus fades. The Chinese economy crashing is midway down the list, tied with the Euro zone collapsing, to give a further orientation.
Aside from that Mary Todd, how was the play?