Young families desperately seeking homes, particularly in London, are paying insanely inflated, speculation-driven, prices for the most basic of accommodation.
Hicham Aboutaam, head of Phoenix Ancient Art, an antiquities dealer with locations in Geneva and New York, says that prices in the art market, just like those in global stock markets and real estate markets, have been inflated by speculation.
As a result the government in Madrid found itself facing demands from Brussels for severe expenditure reductions (as well as interest rate inflating speculation on public bonds).
We know that an economy built on reckless speculation, inflated home prices, and maxed-out credit cards does not create lasting wealth.
This multitrillion-dollar market in largely unregulated derivatives was at the heart of the speculation that inflated the bubble, amplified the bust and led to the bailouts.
From the infamous Dutch tulip hysteria of the 17th century to the Great Depression to the dot-com crash, wild bouts of speculation have occasionally inflated big fat financial bubbles that soaked investors when they burst.
California recently passed through a time of Economic Bubble, based on speculation and artificially inflated markets and stock prices.
That is being compounded by prices broadly inflated by a sharp rise in speculation.
Others are benefiting from the fact that the shares are at their highest level in a decade, inflated by the sale of Verizon and speculation that Vodafone could soon be a bid target itself.
A Senate investigative committee has concluded that excessive speculation by commodity index investors has inflated the price of wheat and distorted trading in the wheat futures markets.
Synthetic opioids like fentanyl continue to kill an unprecedented number of people, and speculation in the real estate market has inflated housing costs beyond reason.
