But students also must realize that this isn't the first speculative bubble and it won't be the last.
That is important because it means that there is no hoarding, typically a prerequisite for a speculative bubble.
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All it took was the threat of new offshore and Arctic National Wildlife Refuge drilling to pop the speculative bubble.
The long-running housing market boom could turn out to be a speculative bubble whose bursting damages economic confidence and growth.
The price surge in oil (along with other commodities) since the late 1990s has the look and feel of a speculative bubble.
Is this yet another misadventure on Wall Street, a manic euphoria that makes for a speculative bubble followed by a spectacular blow-off?
Or a speculative bubble in commodities or emerging markets or anything else.
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"We don't think we're in a speculative bubble, " says Paul J.
Perhaps the turmoil of the past few weeks, by pricking a speculative bubble and making investors reassess risks, has itself sown the seeds of a recovery.
Like Japan in the 1980s, America in the late 1990s was given an exaggerated sense of its economic strength by a huge speculative bubble in the country's stockmarkets.
But then, when the speculative bubble collapsed, after the prices of things like companies no longer represented anything remotely resembling their underlying value, Alan Greenspan just bailed out the financial system.
Ratings agencies, investment banks, mortgage lenders, and yield-starved hedge funds have taken some of the blame for creating the speculative bubble, and federal regulators are also taking the heat for failing to stop them.
Long before vast numbers of such Flexible Fuel Vehicles are on the roads, the OPEC cartel-induced speculative bubble that has contributed to the recent run-up in the price per barrel of oil will be lanced.
He really laid out the problem quite well, at least, the problem of the last two or three years, that there was a speculative bubble in the price of housing, that the financial institutions, the banks and investment banks and all these insurance companies and pension funds and everyone else exacerbated that problem by spreading that risk all throughout the economy.
But now a speculative real estate bubble is popping, creating a fresh headache for the country's new rich as they scramble to hold on to wealth.
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All the above confirms what we have been forecasting for several months: Government efforts to stop real estate inflation is resulting in the bursting of a huge speculative real estate bubble.
If a panic caused Japanese to flee yen-based holdings, the U.S. dollar could soar in value, creating a dollar bubble that could fuel a temporary speculative stock market boom here.
If a panic were to cause Japanese to flee yen-based holdings, the U.S. dollar might soar in value, creating a dollar bubble that could fuel a temporary speculative stock market boom.
Instead, availability of land simply fed speculative activity, which has made the popping of the bubble much more painful.
The Busang affair was not, first of all, a speculative frenzy such as the Dutch tulip mania of the 17th century or the South Sea Bubble of the 18th.
The real estate market, long considered to be a bubble even by some developers, is now the target of tough government measures intended to cool a speculative fever that has driven up prices dramatically in major cities.
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