Companies assumed they could make good on these long-term promises because they hoped future investment returns on their pension funds would be as good as they were in the 1980s and 1990s.

ECONOMIST: Why the old should not make way for the young

But on a long-term view, this lull may be a good thing.

ECONOMIST: Can Portugal catch up with the rest of Europe?

So while every global investor knows there is a good long term reason to be invested in emerging, what on Earth is the short term reason?

FORBES: The (Short Term) Case For Emerging Markets

Mr Mair said decisions had to be made on care delivery pilots, as there was good profiling work for the very long term until 2030 and 2060 but he was unclear how Scotland would get through the next five years.

BBC: Finance Committee 1

The gold bears still have the overall near-term technical advantage and still have heavy lifting to do in the near-term to gain good upside momentum to suggest an uptrend on the daily chart can be sustained.

FORBES: A.M. Kitco Metals Roundup: Gold Near Steady on Chart Consolidation Following Friday's Gains