The adverse scenario for card losses envisaged in American banks' stress tests, a cumulative two-year loss rate of 22.5%, looks increasingly like the base case to others.
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In our one year investment horizon, we see at least 25% share appreciation in the base case, and upwards of 75% with a meaningful increase in natural gas prices.
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While slightly smaller forces were capable of prevailing without a significant increase in risk in the base case of the analysis, a larger force was judged necessary to conduct these operations with acceptable risk when either enemy chemical weapons were used or shorter warning times were played.
For example, the Conference Board in the November 2012 Global Outlook (see chart below) forecasted an annualized growth rate of 2.3% in its base case for the years 2013-208 and a further reduced annualized growth rate projection of 2.0% in its base case for the years 2019-2025, representing a distribution of roughly 18% of overall World output.
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He turns artwork 90 degrees on its side so that it is best viewed with the opening of the CD case at the base of the picture.
If we carry this hypothetical 30% decline forward, the annual difference from our base case estimate would be about 300 MW by the end of our forecast period.
As is the case for base-metals producers, mining costs are rising, analysts said.
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In the four years prior, there had not been a historic collapse in economic growth that made the base year of 1878 low, as was the case in 1933.
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In fact, this process is comparable to the use of fertilizers in agriculture, i.e. adding nutrients that are found to be lacking in the local environment to stimulate plant growth, in this case phytoplanckton that form the base of the marine food-chain.
If this is indeed the case, our base price estimate might be overvaluing the company by a full 10%.
The first looks at a base case of just pharmaceutical sales.
Although the rate of decline has slowed down, we do not foresee a case where the DVD subscriber base will stabilize, let alone grow.
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The elegant aluminium case includes non-slip strips on the base to ensure that it is always stable during operation.
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Not so long ago, utilities increased the bottom line by expanding their asset base, but that is not necessarily the case today and even less likely to be so tomorrow.
Clearly, this is not the case with Obama as his base is ready to string him up by the fingernails for doing the right thing.
Bottom line: If, consistent with our base-case expectation, the U.S. averts a recession, equities are inexpensive enough to provide investors with an attractive risk-reward profile.
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Although a powerful military could not be sustained over the long haul without a prosperous economic base, it has been unusual, until recently in the case of China, to describe a country's power in terms of its economic output or its dominance of key industrial or trade sectors.
In the case of the lost Ecuadorean air base, the U.S. simply leased new ones in Colombia.
Following my Rackspace: Bull and Bear Cases article, I had the opportunity to speak with Bryan McGrath, Director of Finance, at Rackspace to discuss the bear case, capital efficiencies, customer base and competition.
Below is a table that provided details of my base case and three scenarios vs. the December 2011 quarter.
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In a base case scenario for Paul voters, the Congressman could in theory emerge the winner on the convention floor this summer.
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Far from it, senior figures say that domestic consumption can never replace it, and what it more they are happy to make the case that their technological prowess and industrial base benefits all of Europe.
And in any case the ultra-low central-bank base rate will eventually have to rise, pushing up borrowing costs.
Moffett says his base case scenario assumes a 65% probability the deal close.
In practice, the case isn't much different in dimensions to a standard protective iPhone case, if a little chunkier along the base.
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Everything is joined by a unique, hand-cut case whose backbone and elevated base hide the custom wiring, the watercooling pump, two solid-state drives and controllers for both fans and lighting.
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The academy's Class of 2016 -- all 1, 045 cadets -- is still scheduled to arrive Thursday, but officials are making contingency plans in case they have to report to a different location on the base.
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While our base case scenario envisions pricing declines to level off due to the growth of the smartphone segment that should offset the downward pricing pressures, we assess the downside risk here in the event that the current rate of pricing declines continue into the future.
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To illustrate the degree, consider a 30% decline in sales to Italy from our base case estimates for 2011 and onwards.
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