And that is why I want you to know that I am absolutely committed to moving forward with you and forging a new and better future together,"
VOA: standard.2009.11.05
What he says is those forward rates are what people think interest rates will be in the future and that's called the expectations theory of the term structure.
这里所指的远期利率就是人们预期的,未来利率,我们将这种理论称作,利率期限结构的预期理论
What Hicks said is that in these term structures, actually, I've just showed the one-period, he had one-period forward rate-- but you could do it over any combination and you can get forward rates of any maturity at any future date.
希克斯指出利率期限结构中,我刚才给你们演示了,希克斯是如何推导一年期远期利率的,但是你们通过其他组合重新推导,还算出未来任意时刻,期限的远期利率
"Clearly with the economy around the world growing again, passenger traffic coming back, cargo traffic coming back, we're in a much better position today than we were last year and as we look forward, we're very optimistic about the future."
VOA: standard.2010.07.23
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