speculation
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Speculation, Society, and Markets
Speculation often gets blamed for market distortions—but the truth is more nuanced.When done right, speculation performs a vital role: it brings future expectations into present prices, improves price discovery, and ensures timely supply responses. In that sense, good speculation stabilizes markets.But when speculation becomes excessive—driven by leverage, concentration, or cartel-like behavior—it can detach from fundamentals.… Continue reading
