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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (64288)6/21/2006 1:46:36 PM
From: Broken_Clock  Respond to of 110194
 
Speculation is never more than money flowing from one set of speculators to another set of speculators, it adds no value, it's net neutral to the real economy even while it reeks havoc with prices>>

I disagree. Speculation is the visible skin lesion of Fed cancer within; i.e. fiat money inflation. it is not net neutral.