It's the same as it ever was: mutualisation of all the eurozone's debts, which in practice means that the mighty German sovereign balance sheet would stand behind the enormous liabilities of the rest of the eurozone.
But against that possibility investors should balance the fact that they stand a better than 50% chance of having 20-30% more money even at the highest level of tracking error.
For starters Clinton has for the first time committed himself to balance, with numbers credible enough to stand up to scrutiny on Capitol Hill but big enough to accommodate the promises he made during the last campaign.
These anemic job numbers stand in contrast to the steadily improving financial results and strengthened balance sheets that corporate America has been reporting, quarter after quarter.
The approximate stand-still of global temperature during 1940-1975 is generally attributed to an approximate balance of aerosol cooling and greenhouse gas warming during a period of rapid growth of fossil fuel use with little control on particulate air pollution, but quantitative interpretation has been impossible because of the absence of adequate aerosol measurements.
We need to find a balance between traditional value systems and this new hybrid digital system, which seems to have a set of values that stand in direct conflict with anything traditional.
But its judgment should not stand in for the considerations that get made in the real world, where doctors and patients have to balance difficult issues to arrive and the right decisions.