I think if we look back, five years from now, it won't be nearly as clear how you separate what those products are.

回顾五年前，这些产品的区分,不像这么明显。

斯坦福公开课 - 戴尔CEO-Michael.Dell谈创业和发展课程节选

But things don't look as bad as they looked 3 or 5 years back.

但与3或5年前比起来,情况已经缓和很多。

普林斯顿公开课 - 国际座谈会课程节选

The idea of a forward rate is that, implicit in that term structure is also a quote for the one-year rate, one year hence, because if you look at the two-year rate, can't you infer back what interest rates are going to be in one year?

远期利率隐含在期限结构中的,一年期利率报价,起息日是第二年初,因为如果你知道了两年即期利率,就可以很自然地推出一年即期利率

耶鲁公开课 - 金融市场课程节选