That requires speculative investment that can only be harmed by the diminution of surplus funds.

In all these growth areas, success demands innovation and innovation demands speculative investment.

While she considers commissions to offer exceptional value, she says that the scope for speculative investment gains can be hyped.

This initially concentrated on speculative investment, but clients increasingly wanted physical delivery of currencies around the world.

In 2007, a good pair of walnuts could be bought for around 20, but speculative investment and the walnut's new status as an expensive gift means prices have exploded.

The speculative investor has all but disappeared, along with rapid capital growth.

Not many speculative investors are willing to risk buying apartments when rental yields are flat or negative.

They are not speculative investors looking for a quick profit.

Prices have moved too fast for comfort as hordes of speculative investors have entered the market.

Individual developers have also been introducing new ways to prevent speculative investors from buying and selling vacant plots for a profit.

A lot of fast money has been made on the back of some of these highly speculative stocks.

One day the markets wake up in a cheerful mood, speculative stocks such as miners and banks are bought and dealers are prepared to take a risk.

One of the market's more speculative stocks, it may come right one day, but not yet.

Switching to a more academic mode, he propounds a speculative theory about the history of religion as proceeding through a sequence of evolutionary stages.

He was a proponent of vitalism, a popular 19th century speculative theory that claimed that a regulative force existed within living matter in order to maintain functionality.

Researchers will take blood or other bodily tissue samples for their own use in order to further their own speculative theories of human history.

To explain the existence of gamma-ray bursts, many speculative theories were advanced, most of which posited nearby galactic sources.

Meanwhile, during this time of increased media publicity of the controversy, public health officials and institutions did little to rebut the concerns and speculative theories being offered.

They say it would be a tiny tax but that it would raise ¤200 billion annually and discourage speculative trading.

Moreover, speculative trading in the energy derivatives markets might bid up the price of oil purely because of that risk.

However, its main use has been speculative trading.

This promises to generate more revenue for banks' foreign exchange divisions from genuine customer flows as opposed to speculative trading.

It was intended to be used as a form of currency to pay for goods and services, but its main use to date has been speculative trading.

The highly speculative venture of searching for treasure would not meet that test.

But the so-called 'pension liberation' schemes were not tax-free as had been claimed and millions of pounds were sunk into speculative ventures.

Investors desperate for any yield will back marginal and speculative ventures, leading to overcapacity and waste.

Done, a painter of blunt brushstrokes and dashing colours, says that he specified only 20 per cent of his money was to be invested in speculative ventures.

At the age of forty he lost a lot of money in speculative ventures in the stock market and had to start again financially.

Interesting, if wildly speculative so far.

Some are considered wildly speculative.

As for rumours that he was planning to write an account of his knowledge of match-fixing, these are wildly speculative and wholly without foundation.

The wildly speculative market meant investors needed information about stock activity.