These activities shift capital into projects that have little or no long-term value, such as speculative real-estate developments in the swamps of Florida.

这些行为将资本注入几乎没有价值或没有长期价值的项目，比如投机于在佛罗里达州沼泽地中开发的不动产。

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A property boom in the Cambodian capital has brought a whirl of demolition of old buildings, plans for new high-rise developments, and speculative investment in satellite towns.

柬埔寨首都刮起了一股地产热，卷来了一阵推倒古老建筑的飓风，带来了建造高楼大厦的计划，和周边城镇的投机炒作。

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The prohibitive expense of building liquefaction plants will prevent any completely speculative developments, says Umberto Quadrino, the boss of Edison.

ECONOMIST: Liquefied natural gas

The withdrawal of credit in the past two years has been indiscriminate, hitting speculative residential developments and creative business start-ups alike.

ECONOMIST: Can higher productivity fill the gap?

Think of the speculative housing developments in Florida swampland that were never occupied, next to golf courses that never got built.

WSJ: Upside: Housing Stocks Face Trouble