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A speculative bubble inflated by dazzling new financial instruments?
A speculative bubble requires a "who's the greater fool" syndrome to fuel it.
Finally, the economics of shale gas are a speculative bubble.
But other experts argue that this is a speculative bubble and prices are unsustainable.
So they wind up living in a speculative bubble, an illusion they maintain for one another.
Mr. Greenspan and other Fed officials repeatedly dismissed warnings about a speculative bubble in housing prices.
Mr. Greenspan indicated he remained concerned about the possibility of a speculative bubble in stocks.
It is obvious to me that today's real estate prices are a speculative bubble that is bound to burst.
Imagine that you have a bunch of farmers, whose land is for some reason the object of a speculative bubble.
If orange juice gets too pricey (perhaps because of a speculative bubble), we can easily switch to apple juice.
As in 2001, the Fed's move came after a panic in financial markets and the collapse of a speculative bubble.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com