That's because on the date that I got this term structure everybody knew the Fed was cutting rates and they got it exactly right.

在我拿到这幅期限结构图的当天,市场获悉了联储局降息的消息,正如预测的一样

耶鲁公开课 - 金融市场课程节选

Certain kinds of financial markets called "Prediction markets," which may, for example, predict the outcome of an election have been seen to be very accurate predictors, often better than pollsters can manage.

人们称这种金融市场为,"可预测的市场",举个例子来说,市场对某次大选结果的反应,比民调专家,还要更加准确

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