Speculative
in sentence
347 examples of Speculative in a sentence
During the brief but deep recession of 1949, the financial commentator Silvia Porter reflected on the attitudes that led to the 1929 crash: “We saw nothing wrong – in fact, we saw everything right – with the wild
speculative
boom and credit inflation that…culminated in the now almost unbelievable gambling orgy of 1929.”
In September 1992, a
speculative
attack on the pound led to Britain’s departure.
Some characterize these activities as
speculative
trading, and even caricature financial markets as casinos.
But it also took away the one-way-bet character of
speculative
attacks on vulnerable currencies, and thus removed the fundamental driver of instability.
Three psychological causes stand out: first, a change in people's perceptions about the source of value in a changing world economy; second, increasing public faith in "glamour" cities with international name recognition; and third, the plain giddy dynamics of
speculative
bubbles.
Third, and no less important, is the
speculative
contagion that underlies any bubble.
In contrast to the other two psychological causes,
speculative
contagion has a natural end.
A
speculative
bubble, sustaining itself solely by reaction to price increases, cannot go on forever.
Yet they share a root cause, whereby
speculative
and often narrow interests have superseded the common interest, common responsibilities, and common sense.
In 1956, the UK was facing a
speculative
attack in the midst of the Suez crisis.
Indeed, the program’s public defense rests shakily on a presumption of baseless
speculative
pressures.
In the pre-euro era, propping up the Italian lira invited unrelenting
speculative
pressure.
NASDAQ's crash and the worldwide slowdown which followed caused many to think that the much vaunted "IT revolution" was merely another
speculative
bubble.
Because there is no limit on the amount of dollars that the Fed can create, no market participant can take a
speculative
position against it.
As George Akerlof and I argue in our recent book Animal Spirits , the current financial crisis was driven by
speculative
bubbles in the housing market, the stock market, and energy and other commodities markets.
Bubbles are caused by feedback loops: rising
speculative
prices encourage optimism, which encourages more buying, and hence further
speculative
price increases – until the crash comes.
Of course, without a clear sense of what China’s natural fertility rate would be, any prediction about the new policy’s impact remains largely
speculative.
Such policies will push Asian investment further into the dollar trap, because Asian savings will be used to chase
speculative
dollar-denominated assets outside the region, instead of to meet Asia’s own needs.
But a full-blown
speculative
attack on the government-bond market is unlikely.
Greenspan took credit for using super-easy monetary policy to clean up the mess after the dot-com bubble burst in 2000, while insisting that the Fed should feel vindicated for not leaning against the
speculative
madness of the late 1990s.
Even worse, the banking sector is trying to take advantage of publicly financed rescue packages to protect its privileges, including immorally huge bonuses and extravagant freedoms to create
speculative
financial assets with no links to the real economy.
The root of the crisis remains the fall in purchasing power on the part of the middle and lower classes, and the collapse of
speculative
bubbles created by the wealthy classes’ greed for more.
Particularly ironic was the provision designed to restrict Chile's use of capital controls for short-term
speculative
capital flows.
More importantly, capital restrictions meant that when Latin America was sent into recession and depression later in the decade, as
speculative
capital fled most Latin American countries, Chile was largely spared.
If investors know that a liquidity squeeze is no longer possible, they will refrain from
speculative
attacks on solvent countries.
Then they realized that their holdings in liquid and low-return assets far exceed what is needed to avoid the type of
speculative
runs that East Asia experienced in 1997, and Russia in 1998.
Moreover, low interest rates have diverted money toward less transparent and more
speculative
financial institutions, such as private-equity and hedge funds.
Protecting France from
speculative
capitalism seems to mean interfering with free trade to protect local jobs.
Already, credit-fueled real-estate investment has undoubtedly resulted in massive overbuilding in some second- and third-tier cities, with properties held as
speculative
vehicles rather than to meet real housing needs.
The problem, as McKinnon recognized, is that these
speculative
inflows of “hot” money have weakened China’s macroeconomic tools and fueled ever more financial repression.
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