Pushing countries to liberalize their capital markets and open them up to speculative capital flows is one example.

Particularly ironic was the provision designed to restrict Chile's use of capital controls for short term speculative capital flows.

Germany is being betrayed to foreigners by the opposition, and good productive capital is once again being opposed to bad speculative capital.

Taming Speculative Capitalism

Second, many argue that raising interest rates would trigger a flood of speculative capital from low yielding advanced economies.

Big speculative bubbles are rare events.

Concerned about the excessive volatility of speculative short term capital flows and the contagion effects in financial markets in times of crisis,

More importantly, capital restrictions meant that when Latin America was sent into recession and depression later in the decade, as speculative capital fled most Latin American countries, Chile was largely spared.

Speculative booms are driven by psychological feedback.

What does Sarkozy mean by speculative capitalism?

There are also ideas to address speculative swings.

Potential borrowers have been accumulating massive reserves and pooling them regionally to protect themselves against shocks and speculative capital, but not at the Fund s urging.

The occasion was Brazil s decision to impose a 2 tax on short term capital inflows to prevent a speculative bubble and further appreciation of its currency.

Their speculative frenzies ruined shareholders, customers, and the economy.

So Sarkozy shouldn t be lashing out against speculative capitalism.

It is not possible for a card carrying neo liberal like me to wish for anything but the most minor of controls to curb speculative of capital flows.

Instead, the profitable carving up of healthy companies has freed up capital to flow to intangible assets, houses and other forms of real estate, fueling a speculative crisis.

During this period of restrictions on capital flows, Chile grew rapidly, by 7 per year on average. More importantly, capital restrictions meant that when Latin America was sent into recession and depression later in the decade, as speculative capital fled most Latin American countries, Chile was largely spared.

So we should think hard about what speculative capitalism means.

This raises the question just what is a speculative bubble?

Bubbles are caused by feedback loops rising speculative prices encourage optimism, which encourages more buying, and hence further speculative price increases until the crash comes.

The key is to reflect on six kinds of capital goods business capital, infrastructure, human capital, intellectual capital, natural capital, and social capital.

Of course, farmland is much less important than other speculative assets.

Expectations become self fulfilling, oil prices rise, a speculative bubble is born.

Speculative bubbles do not end like a short story, novel, or play.

Perhaps the speculative inflow scenario will play out, but in slow motion.

The very announcement of the Fund s creation was meant to deter speculative attack.

Today, 98 of the 750 trillion in global liquidity is in speculative markets.

It would seem more accurate to refer to these episodes as speculative epidemics.

Capital Shrugged

Damming Capital

Capital flight

As a result, fiscal consolidation becomes increasingly difficult to achieve, inviting renewed speculative attacks.

But the real case for holding it, then as now, was never a speculative one.

True, everybody is complaining about America s speculative bubble, and they are right to do so.

Act II began with a renewed speculative attack and a deep collapse of the currency.

Extended periods without new data facilitate indeed, foster the unrestrained growth of speculative theory bubbles.

Capitals of Capital

Capital master plan

'A capital idea!'

'Capital! Let's go!...

Outside the capital

In search of higher yields, investors took that liquidity largely in the form of short term speculative capital ( hot money) to emerging markets, putting upward pressure on their exchange rates and fueling the risk of asset bubbles.

Germany is being betrayed to foreigners by the opposition, and good productive capital is once again being opposed to bad speculative capital. In the opinion pages of some German newspapers, anti capitalism is returning in a new form, which entails nothing less than a renunciation of Europe and even of the West.

Lately, of course, the fundamentals have reversed somewhat, and the speculative frenzy has reversed even more.