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Mr. Lindsay at CIBC said that investment in the mining sector was moving into a "quasi speculative" phase.
"I don't know if the speculative phase ends in March, ends in a year from now, eighteen months from now," Novogratz told me, "but it will end".
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The main eruptive vents are shown in these figures as red stars (locations well constrained for phases 1 to 3, but speculative for phase 4).
After bitcoin and other currencies soared over the summer and fall, Novogratz presented this stage of crypto as a "speculative mania phase" that would crash like the dot-com bust but then reëmerge with more mature players.
The above is worth remembering as the presidential race turns the corner into its most feverishly speculative, excessively breathless phase: the veepstakes.
And it feels sort of ridiculous, even at the highly speculative kitchen-sink phase of a design project, to cast the thing as a real-world social media game (People can "compete against their friends... and enemies").
In two speculative essays, "Rule of Phase Applied to History" (1909) and Letter to American Teachers of History (1910), Adams calculated the demise of the world.
However, our discussion is quite speculative in the development phase, so further research is warranted to verify these preliminary findings.
First, there is an installation phase with enormous, unstable speculative energy and then a crash.
As in every stock bubble, the speculative tempo accelerated, culminating in a final phase in which the market soared vertically.
However, during the early phases of innovation, revenues are speculative.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com