Taking a longer view provides a better picture though.

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Somebody taking a longer-term view would use deferred futures contracts rather than nearby.

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This only goes to show that, taking a longer-term view than the Fund does in its forecasts, no question matters as much in judging the prospects both for the United States and for the rest of the world as whether the new-paradigmists are right about what is happening in America.

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Bullard has had a major impact for the Tigers since his recovery from a lengthy spell out injured but Brown was taking the longer term view when leaving him out and the home side initially made light of his absence.

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In theory, a focus on low volatility makes little sense for a pension fund or college endowment which has the luxury of taking the longer-term view.

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