More wooly, meaningless babble from Mr Billing.
Although i did notice the change from 'near-term' to 'medium-term' catch phrase. I wish Mick Billing was honest enough to have used 'medium-term' 10 years ago, i'd still have my investment...
DEFINITION of 'Near Term - NT'
A period of time referring to a short time into the future. Near team is used to describe events that may occur soon. In finance, the term is often used to explain the timeframe during which an event or change is expected to occur. It can mean different timeframes based on the industry, security being traded or business.
DEFINITION of 'Medium Term'
An asset holding period or investment horizon that is intermediate in nature. The exact period of time that is considered medium term depends on the investor's personal preferences, as well as on the asset class under consideration. In the fixed-income market, bonds that have a maturity period of between five to 10 years are considered to be medium-term bonds.
MT
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