Word: scenario
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Dates: during 2010-2019
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Under that scenario, Florida's mess also becomes the country's in at least one respect. The state's GOP Senate primary contest between Crist and former Florida House Speaker Marco Rubio is widely considered a focal point of this year's internecine war between moderates and conservatives for control of the Republican Party. Should the Rothstein scandal leak into that powder keg, it could exacerbate what already promises to be a particularly nasty campaign on both sides before the August primary. (See the 25 crimes of the century...
...chair of the health insurance and managed care committee of the National Association of Insurance Commissioners, "we'd just be left to mop up the mess. We wouldn't have any authority, but we'd just deal with all the consumer complaints. That, to me, is the worst-case scenario...
...best-case scenario for the Democrats in the fall is that they keep all five vulnerable seats in the Senate and lose only 15 seats in the House. There may even be a shot at picking up a couple of new seats to help offset any losses. After all, House Republicans are defending nine open seats (which John McCain either lost or won with less than 60% of the vote in 2008), while Democrats are defending seven seats (which Obama either lost or won with less than 60% of the vote). And in the Senate, Dems have strong candidates...
Given your scenario of weakness later in 2010, will there be a premium on safety, like Treasury bonds and notes? I'd be careful about this continuing assumption that U.S. Treasuries are the place to go. There are a number of reasons to have doubts about Treasuries, not just because of America's sovereign risk but also from the standpoint of an overowned currency [the dollar]. Add on to those concerns the comments from Chinese authorities and others. They haven't said they're up to their neck in Treasuries, but you know they're getting close. (See questions...