Imponderables such as bad weather, a strengthening of the dollar or a politically inspired trade spat could send parts of the Farm Belt into the dumps.
Still Sega has pulled this off before and after factoring out the imponderables like VM Labs and super-cheap PCs, it looks like it just might do it again.
Just how great would be the adverse impact of such a development on intra-alliance relations is difficult to calculate with confidence at this point due to a number of imponderables.
Once housing turned south, CMO investors came face-to-face with far more costly imponderables: how many mortgages would default, how much the underlying homes would fetch in foreclosure and whether the government would rewrite mortgage terms.