Speculators
in sentence
164 examples of Speculators in a sentence
So the PBOC tried to keep
speculators
off guard by introducing more uncertainty into the exchange-rate system, as occurred with February’s surprise devaluation.
Again, this would inevitably trigger hot-money inflows, with
speculators
taking advantage of the spread between Chinese interest rates and the near-zero, short-term rates in developed economies, thereby driving up the renminbi further (and creating yet more opportunities for speculation).
But which ones – the opportunist speculators, who sell when everyone else is selling, or the contrarian speculators, who do the opposite and stabilize volatile markets?
They decided that the best way to handle the panic was to raise interest rates so sharply in Asia that the outflow of funds would be reversed by short-term
speculators.
Shortages were the result of hoarding by
speculators.
This implies, among other things, a fair tax system that is more progressive and eliminates the distortions and loopholes that allow
speculators
to pay taxes at a lower effective rate than those who work for a living, and that enable the rich to use the Cayman Islands to avoid paying their fair share.
Hedge funds and other “non-commercial”
speculators
have increased their long positions to an all-time high of 555,000 of the main oil contracts traded on the New York futures market, compared to the previous record of 548,000 contracts, set just before the oil price peaked at $120 in June 2014.
After all, isn’t it the fault of the CDS market’s avaricious
speculators
that Greece was on the verge of default and that Greek public employees have had to endure deep wage cuts?
Back in 1997, many Asians thought that the speculative attacks then being mounted on Asian currencies were unjustified, with Malaysia’s Prime Minister Mohamad Mahathir leading the charge against
speculators.
Some politicians also complain about
speculators
who, more and more, are trading commodities on complex and growing markets that allow them to bet on whether, say, future demand from emerging markets is likely to outstrip growth in future supply.
It was the
speculators
whose blood flowed in the streets when they attacked Hong Kong’s dollar peg in 1998.
Paper shufflers are doing better than producers;
speculators
are doing better than managers; traders are doing better than entrepreneurs; arbitrageurs are doing better than accumulators; the clever are doing better than the solid; and behind all of it, the financial market is more powerful than the state.
Germany is willing to bail out member states in exchange for tougher fiscal austerity and a suspension of voting rights, but Chancellor Angela Merkel’s demand for permanent crisis-resolution mechanisms, together with changes to the Lisbon Treaty, and her open warning to
speculators
who may be jeopardizing eurozone stability, has had wide consequences.
Because so many businesses make money from the rents created by the rationing of foreign exchange, rather than by creating value, it is easy to believe that markets do not work, that entrepreneurs are speculators, and that governments need to control them and impose “fair” prices.
BRUSSELS – The euro area confronts a fundamental crisis that attacks on financial
speculators
will do nothing to resolve.
Clearly, even with external
speculators
breathing down its neck, the PBOC remains committed to stabilizing the exchange rate, while advancing its market-oriented goals.
These early adopters were joined by a growing number of financial
speculators
attracted by highly volatile price movements.
Instead, the Japanese stock market regarded negative rates as a harbinger of greater financial risk, and
speculators
have remained bullish on the yen.
I do, however, believe that sporadic interventions may be needed to punish
speculators
who are taking advantage of temporary market psychology to keep the yen far above its market value.
This, and a more elaborate questionnaire that I sent out after the next “Black Monday” crash on October 19, 1987, convinced me that nothing more sensible is occurring than just what newspapers describe: speculators, responding to changing market prices, and fearing further changes in the same direction, simply decide to bail out.
The second historical rule of thumb is that currencies on the decline tend to overshoot: near the bottom, international currency
speculators
require a substantial risk premium out of the fear that the currency crash might trigger something even worse.
But if international currency
speculators
get the scent of near-inevitable profits from an ongoing dollar decline in their nostrils, all Asian central banks together will not be able to keep the dollar high.
And tax systems in which a billionaire like Warren Buffett pays less tax (as a percentage of his income) than his secretary, or in which speculators, who helped to bring down the global economy, are taxed at lower rates than those who work for their income, have reinforced the trend.
But the broader sort of policy that Sarkozy evidently has in mind is to confront speculators, who are perceived as destabilizing agricultural commodity markets.
They are increasingly determined also by calculations regarding expected future fundamentals (such as economic growth in Asia) and alternative returns (such as interest rates) – in other words, by
speculators.
Sarkozy is right that leverage is not necessarily good just because the free market allows it, and that
speculators
occasionally act in a destabilizing way.
But
speculators
more often act as detectors of changes in economic fundamentals, or provide the signals that smooth transitory fluctuations.
The French have not yet been able to obtain agreement from the other G-20 members on measures aimed at regulating commodity speculators, such as limits on the size of their investment positions.
And
speculators
must take responsibility for their decisions, and stop clamoring for taxpayer money whenever their investments turn bad.
Voltaire transferred the image of bloodsucking vampires to speculators, merchants, kings, and monks.
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