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Written by Steven HansenEconintersect's Economic Index forecast sees a bump in the economic rate of growth at the Main Street level partially driven by comparisons to the recession one year ago. However, economic potential is better than the pre-COVID conditions as the economy was weakening well before the pandemic hit.
Econintersect's Economic Index forecast sees a bump in the economic rate of growth at the Main Street level driven by government spending - and employment continues to accelerate. Please share this article - Go to the very top of the page, right-hand side for social media icons. Analyst Summary of this Economic Forecast Economic year-over-year growth is about to skyrocket as the data is being compared to the country's lockdown and recession last year - but do not confuse yourself as the underlying rate of growth is not exceeding pre-pandemic levels in most areas. A recession ends when the eco...
Abstract In this paper, we consider the pricing of European options under a regime-switching Heston–Cox–Ingersoll–Ross (CIR) hybrid model, where the mean-reversion levels of both the stochastic volatility and interest rate are assumed to change among different states. Albeit difficult, we have still managed to derive an semianalytical pricing formula for European options after the generalized moment generating function of this particular model is worked out. Numerical experiments are also carried out to demonstrate the accuracy of the newly derived formula as well as the influence of th...
Econintersect's Economic Index forecast sees a modest slowing of the economic rate of growth as consumers do not yet seem to be prepared to spend. The media/government message machine is spinning the variants as a potential bomb reinforcing the message to consumers to save for the oncoming rainy day - even though the current rapidly expanding COVID vaccination program should be cause for a rosier message. Please share this article - Go to the very top of the page, right-hand side for social media icons. Analyst Summary of this Economic Forecast The effectiveness of stimulus programs is signif...
Econintersect's Economic Index forecast continues to see a recovery underway from the pandemic induced recession - although the recovery continues to be modest and the economy remains weak. We see a marginally stronger economy in February. The coronavirus daily totals are declining - but the leaders at the CDC are worried that the South African / Brazilian variant may explode in February which would heavily impact the economy. Please share this article - Go to the very top of the page, right-hand side for social media icons. Analyst Summary of this Economic Forecast In the case of our forecas...