What Do You Think About the Eurodola System?

Jeff Snyder: It wouldn't be at all surprising if we're at zero percent interest rates and more QEs. The Eurodala futures curve is tied to three month LIBOR, which is a bet on where short term rates are going. We look at swap spreads and things like that. And as we said before, central bankers not knowing what else to do once they get to the zero lower bound or what do they call it now, the effective lower bound.