speculative

Unlike the brief speculative boom of the early 2000s, which collapsed in 2008, insiders say the current surge in the Indian art market feels more sustainable, going beyond galleries and auctions.

But these pronouncements miss what made the internet bust so devastating—and it's about more than just speculative fervor in the stock market.

The committee described crypto as “a speculative and increasingly popular asset class that many investors, but not all, will seek to explore” — comparing bitcoin, specifically, to a scarce asset “akin to digital gold.”

One is this frenetic, highly speculative activity by retail investors, driven by zero commissions, the growth of social media, and then turbocharged by Covid-19 when everyone suddenly had so much more time.

The currency crisis demonstrates that defending the peso against speculative attacks requires burning through more dollars than would be needed to dollarize the economy formally.