Neutral period
Neutral period
In the Euromarket, a period over which Eurodollars are sold is said to be neutral if it does not start or end on either a Friday or the day before a holiday.
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Wildfires and hot weather are common in Australia's December-February summer months, but the current event is unusual because it is occurring in what is supposed to be a neutral period in the El Nino pattern bringing average conditions.
William Patzert, a climatologist with the Jet Propulsion Laboratory in Pasadena, refers to neutral periods as ``La Nada'' (Spanish for ``nothing''), and predicted last fall that there would be weak La Nina to La Nada conditions this winter.
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