It was inevitable, because highly leveraged and overextended lenders and speculators lead to eventual ruin. |
As is the case with the rentiers, the speculators act only partly out of reasoning. |
The traditional short-covering by speculators that usually followed a sharp downward movement was no longer present to instill some recovery. |
Auckland has become a city of renters who aren't looking after the property they rent, a city of speculators there to make a buck. |
Some of the units were sold to speculators who refused to close when the real estate market collapsed the year following the marriage. |
The Credit system is too impaired, chastened investors and speculators too risk-averse, and the Bubble economy too maladjusted. |