It's not always correct to think of it that way-- we have to get into the theory of futures markets.

这种方法并不是永远正确的,我们需要更好的理解期货交易市场

耶鲁公开课 - 金融市场课程节选

The futures contracts were invented in Japan in the 1600s at Osaka and they were developed for the rice market in Japan.

期货交易合同发明于,16世纪的日本大阪,并在日本的大米市场得到发展

耶鲁公开课 - 金融市场课程节选

Well not if you look at the futures market, which is in backwardation now and it's predicting major drops in the price of oil.

如果你看看期货交易市场,现在正处于交割延期的时期,而这正预示了油价将要下跌

耶鲁公开课 - 金融市场课程节选

They want to merge the Securities and Exchange Commission and the Commodity Futures Trading Commission.

他们还想要合并证券交易委员会,和期货商品交易委员会。

耶鲁公开课 - 金融市场课程节选

We also have standardized contracts that are traded on exchanges and they're called futures contracts.

也有在交易所中交易的,标准化合同,它们被称做期货合约

耶鲁公开课 - 金融市场课程节选

The CFTC is the Commodity Futures Trading Commission and it regulates our futures markets.

美国期货交易委员会,监管着期货市场。

耶鲁公开课 - 金融市场课程节选

I've been working with the Chicago Mercantile Exchange to create a futures market for single-family homes, which is sort of my connection to the futures industry.

我一直以来和芝加哥商业交易所合作,创建一个适合单一家庭的期货市场,这是我参与期货行业的一种方式

耶鲁公开课 - 金融市场课程节选

There has been, over the years a lot of turf battles between the SEC and the CFTC because it's sometimes unclear whether something is a security or a futures.

历年来,证券交易委员会和期货交易委员会的领域战争层出不穷,因为有时候很难说,一个东西究竟是证券还是期货。

耶鲁公开课 - 金融市场课程节选

For example, when they started trading stock index futures, both these agencies thought it was in their turf because it involved both stock indexes and futures Anyway, Paulson is proposing merging these.

例如，当人们开始交易股票指数期货的时候，这两个机构都认为这个交易是在他们的管辖范围内的,因为这个交易既包括了股票指数也包括了期货,总之，鲍尔森是准备合并他俩。

耶鲁公开课 - 金融市场课程节选

A futures market has a prediction going out years into the future of what every financial variable will be doing, so you can see the future in a sense through the futures prices.

一个期货交易市场,预测了未来几年,每个金融变量的变化,因此,在某种意义上,你们可以通过期货价格分析未来市场

耶鲁公开课 - 金融市场课程节选

In many cases that is not the right way to think about futures prices, but there are very important futures markets that--In the next lecture I want to talk about the various kinds of futures markets that matter.

在许多情况下,我们不应该去,分析期货价格,但我们的期货交易市场很重要...,下节课我会讲,各种不同的期货交易市场

耶鲁公开课 - 金融市场课程节选