When the New York Fed heard that the Federal Reserve Board of Governors had held an all-night meeting discussing this risky situation, the flood of speculative funding was retracted, precipitating the 1929 stock market crash.
But to be clear, the dissenting judge was concerned about a speculative future situation.
Subsequently, it has been shown that a modified model incorporating existing information regarding subsite architecture and speculative site tolerances for esterified residues, goes someway towards improving the situation.
Research in economics, psychology, demography, sociology and history, Shiller writes, suggests that "the present stock market displays the classic features of a speculative bubble: a situation in which temporarily high prices are sustained largely by investors' enthusiasm rather than by consistent estimation of real value".
However, cellular compartmentalisation made any extrapolation of the in vitro to the in vivo situation speculative and tentative.
Behavioural psychologists have often distinguished between speculative bubbles – unstable situations where investors expect short-term returns – and investor confidence, the feeling that nothing can go wrong.
The move by Moody's added "another speculative element to the situation," said José Manuel Barroso, the president of the European Commission.
Communicators were faced with a catch-22 situation: make speculative statements about extreme weather and climate change, or sit on their hands while the very changes scientists had been predicting for decades materialised around them.
They rather add another speculative element to the situation," Barroso told reporters, adding that the agencies were not immune to "mistakes and exaggerations".
In particular, she did not shrink from depicting her female characters as capable of destructive violence and used the medium of speculative fiction to place women in extreme or militant situations of a complexity denied to more conventional feminist writers.
The situation is purely speculative.
