So you--it doesn't--this theory doesn't say a whole lot about what the term structure will look like but it suggests that it's determined by the interplay of lots of economic factors.

这个理论没有详细说明期限结构,期限结构是什么样子的,但它指出了这是由,经济因素间的相互作用决定的

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He said that we shouldn't think that the-- the simplest story of the term structure of interest rates, which he expounded there, is that forward rates equal expected future interest rates.

他提出,我们不应该认为,他在书中写道,对于利率期限结构,最简略的概括,是远期利率等于未来利率的期望值

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