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When the amount of speculative capital in these markets overwhelms their usage by farmers and commercial firms, speculation itself has the opportunity to drive prices.
Sometimes speculation itself can be the problem, Bainbridge says.
But if Sergey Brin, Google's co-founder, is to be believed, the speculation itself made him think that "maybe it's not a bad idea".
The first is that no institutional configuration can, by definition, reassure the markets – code words for a halt to speculation, since speculation itself feeds on risks of bankruptcy and the possibility of short-term gains.
The bottom line here is that futures markets, just pure speculation itself, is not a socially vapid or worthless activity.
The most likely bubble-pricking pin is massive speculation itself, and as prospective buyers stand aside, mounting inventories will precipitate a downward price spiral.
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The speculation of the DRT hypothesis itself on this problem was an abstract one [ 20, 22], short of a detailed explanation on those intermediate steps.
There may not be anything wrong with this -- speculation by itself is not inherently evil, and speculators in the CDS market can offer important early warnings to other investors that trouble is on the horizon.
Groupon, of course, brings this speculation upon itself by being so tightlipped about its financials.
The manuscript for the upcoming novel was allegedly right there the whole time which brings some speculation by itself since it is hard to believe that a publishable manuscript from Lee was just resting in her archive for over sixty years.
The range of evolutionary just-so stories and speculations is itself proof of the way dogs have burrowed into our imaginations.
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