There is, he says, " Blinder's law " of speculative markets.
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But I also believe the evidence is overwhelming that there is no macroefficiency of speculative markets,
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It's the greed phase of a speculative market.
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The cost of money is very high, so many Mexican banks are going into the speculative market.
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The most interesting thing about the Iowa market is what it teaches us about how speculative markets work.
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"We've gotten ourselves into a big-time speculative market, " said Ed Silliere, an analyst at Energy Merchant LLC.
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"People see this mystical golden horizon out there on the speculative markets and they chase it, " he said.
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Another measure to prevent low-cost houses from entering the speculative market is through computerised registration system at state levels.
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The speculative market for slaves, rum and mahogany spawned a frenzy that had ramifications throughout Europe when it collapsed.
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Price discovery is used in speculative markets which affect traders, manufacturers, exporters, farmers, oil well owners, refineries, governments, consumers, and speculators.
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