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That judgment, at least for the short and medium term, seems entirely correct.
As the FT argues, the assumption of low interest rates for the medium term seems to be the main driver of low vol. While this must be right, two factors are worth bearing in mind.1) The commitment to low rates has been around for a while, so it seems a little odd that volatility is still heading lower.
They're both extremely accomplished and intelligent men who have thought deeply about the subject from a variety of angles; in the long term, they're both optimists (as am I); but the medium term seems uncertain, at best, to us all.
Similar(57)
Specifically, most cost-effective policies to combat weight problems and obesity, at least in the short and medium term, seem to be those that combine the provision of information with counseling and with elements of behavioral economics such as incentives or commitment mechanisms.
Nevertheless, in the short to medium term, it seems highly unlikely that the Syrian regime will face a Tunisia-style challenge.
I recognised the country was "by no means exempt from the pan-Arab crisis of unemployment, low wages and the stifling of civil society", but nevertheless argued that "in the short to medium term, it seems highly unlikely that the Syrian regime will face a Tunisia-style challenge".
In the medium term, it seems likely that clear guidelines will be developed based on current experiences that might facilitate the involvement of other appropriately qualified health professionals in communicating NGS findings to patients.
In the medium term these seem certain to involve a greater role for markets and foreign investment in the state-dominated economy.Doubts over Fidel's role have meant that change has so far proceeded at a glacial pace.
But the term seems to have stuck.
Skelton: For Brown, third term seems charm.
In the medium term, another recession seems likely, as well as a "Brexit budget" to institute austerity of a kind undreamt of by the old coalition.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com