Tag: Bank Math

What Bankers Need to Know About Economic Predictions

Probabilistic Bank Predictions

In the Wall Street Journal, on Bloomberg radio or on CNBC, economists and pundits predict the future of the US economy.  On any given day, in the same paper or show, various economists will be outspoken and confident about their predictions – their hubris is striking.  One analyst will state that the S&P will continue to decline, another will state the opposite.  One pundit will predict that the price of oil will fall, and a

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