In the short time, personal tax and bussiness tax will increase transaction cost and curb speculation demand, but in the long term they wil be transferred to the people who buy the houses.

从中短期看，个税和营业税能增加交易成本、抑制投机需求，但长期很容易后转给买房人，因此很难起到抑制房价的作用。

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Without inventory demand financial speculation couldn’t work.

如果没有存货需求，金融投机将无法运转。

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Optimists will argue that the extortionate oil prices of July were an aberration, the result of unwholesome speculation divorced from the reality of supply and demand.

乐观者将争辩7月油价畸高是反常现象。是不道德的投机与实际供给需求相背离的结果。

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In such a scenario, speculation-boosted demand for commodities pushes prices up further, fueling more speculation.

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Speculation over the supply and demand dynamics of commodities this year has led to increased inflows in the space.

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They seem to be motivated by the sobering realities of supply and demand, rather than reckless speculation.

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