Big-mouthed Ginsberg witticisms count: 0. "It's a speculative episode for the new season of the hit TV show Star Trek".
In explaining why he ended up in the public stockades, Mr. Blodget is willing to point to a favored quotation, in "A Short History of Financial Euphoria," by John Kenneth Galbraith: "The final and common feature of the speculative episode -- in stock markets, real estate, art or junk bonds -- is what happens after the inevitable crash.
Goldfarb and Kirsch consider the implications of their analysis for technology bubbles that may be in the works today, offer tools for investors to identify whether a bubble is happening, and propose policy measures that may mitigate the risks associated with future speculative episodes.
In my 2002 book, "Dot.Con," which was partly based on interviews with the Fed chairman, I recalled how, in 1997, he asked some staff economists at the central bank to review past speculative episodes, and they, too, concluded that there was no reliable method to say when a legitimate bull market had crossed over into a bubble.
Four of the comedy classics that BBC1 and BBC4 have revived or remade in their Sitcom Season – Are You Being Served?, Porridge, Steptoe & Son and Till Death Us Do Part – were first shown as speculative episodes (though the jail comedy was originally called Prisoner and Escort, and the rag-and-bone show The Offer).
Though he started out with some colorful material about famous speculative episodes like the South Sea Bubble and the Great Crash of 1929, the heart of his book is an exposition of modern portfolio theory, which includes, horror of horrors, several equations.
*Brandt, Michael, Alon Brav, John R. Graham, and Alok Kumar, 2010, The Idiosyncratic Volatility Puzzle Time Trend or Speculative Episodes?
(See "The Dollar In Decline").. Big moves like these have a tendency to reinforce themselves by attracting speculative traders, and the current episode is no different.
At any rate, GDC is coming up and the expected announcements are Steam on OS X (definite) and possibly a peek at Portal 2, Half-Life: Episode 3, or both (speculative).
But now, entire YouTube channels are dedicated to frenzied, speculative pre-analysis of Game Of Thrones episodes no one's going to see for another year.
Notwithstanding, our results postulating local introgressions of wild mares and multiple domestication episodes in Europe and East Asia are not speculative.
