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Yes, our tree has an interesting shape. The center branches reflect the shape of the zero curve. When extreme parts of the tree are reached the branching pattern changes to accommodate the mean reversion.

  • -- John Hull 约翰·赫尔

是的，我们的树有一个有趣的形状。中心分支反映了零曲线的形状。当到达树的极端部分时，分支模式会发生变化，以适应平均反转。

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All those predictions about how much economic growth will be created by this, all of those new jobs, would be created by the things we wanted - the extension of unemployment insurance and middle class tax cuts. An estate tax for millionaires adds exactly zero jobs. A tax cut for billionaires - virtually none.

所有这些关于经济增长的预测，所有这些新的就业机会，都将由我们想要的东西创造出来——延长失业保险和中产阶级减税。对百万富翁征收遗产税，就业机会几乎为零。为亿万富翁减税——实际上没有。

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The hydrogen powered car, with its high fuel mileage and zero emission rate, is just one example of the products under development that will help increase our energy independence.

氢动力汽车，以其高燃油里程和零排放率，只是一个例子的产品正在开发，将有助于提高我们的能源独立性。

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