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In the medium term comes another challenge.
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The term comes from the, and the.
But in the medium term, we may well come back to the question of how vulnerable is the European banking system to a sovereign debt event.
The oil price is likely to remain low in the medium term, as new sources of supply come on stream.
But the bigger issue for America and for the world is where growth will come from in the medium term.
The economic recovery is strong enough that the time has come to be making progress towards that medium term goal.
Williams also questioned whether the UK public can really be expected to focus on the "medium term", rather than fixating on when that first rate rise will come: "The Governor has asked the country to focus on the medium rather than the short term.
Meanwhile, a bipartisan "supercommittee" is supposed to come up with deep budget-balancing cuts for the medium term by November 23rd.
The likelihood Rupert Murdoch will come back like he was in the short or medium term is less than the likelihood he'll be diminished, and have to rebuild his influence.
It's tough to come to terms with the mid-term future (2020 is the medium term) especially as the Dow Jones industrial average hit 11,000 this week.
Iran failed to fulfil what the AFC thought was a promise to let women watch tournament matches without restrictions....and came away with the impression that this intolerable situation could change over the medium term.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com