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We have heard the predictions regarding the large number of people that will be retiring over the next 25-50 years and the strain this is going to place on the federal budget. Assuming that federal borrowing will have to increase, what is the likely impact going to be on the risk and term structure (if any) of interest rates and why?
Event
An occurrence or happening, especially one of significance, that can be observed or participated in.
Dependent
Relies on or is determined by another object, condition, or factor.
Independent Events
Two or more events where the occurrence of one does not affect the probability of the other(s).
Probability
A quantification of the probability that a given event will happen, usually represented as a numerical value ranging from 0 to 1.
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