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The Eurodollar Market Is “Dead,” Says Godfather of Financial Derivatives | Dr. Richard Sandor

Forward Guidance

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The Challenges of Creating a Financial Future

In 19 eighties, when we started bond futures, there was no bank in america that had a department that managed interest rate risk. It was you couldn't go to any bank and say, who do i speak to about hedging? They looked at you like ou were from the central bank of mars. And richard, what were the challenges of creating a financial future? Because physical delivery commodities, those types of futures had already existed for many, many years.

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