Re: currency fundamentals

[Jay Hecht]

John,

The only model more "add-factored"  (i.e. the amount of "fudiging" needed to
override the model's "unruly" predictions) are the interest rate equations.
Moreover, even with all the fancy GARCH stuff - none of the commercial
forecasters use it - they stick to an old tried-and-tried eclectic blend of
neo C/Keynesian theory.

Jason