1. The prices of another, broader category of goods began to rise faster than the general price level and attracted enormous sums of speculative funds. 2. Cumulatively, they dwarf the speculative funds. 3. For some managers, the amount of money pouring into these so-called speculative funds is a definite warning sign for the U.S. stock market. 4. Hedge funds, famous for secrecy, are large pools of speculative funds that make investments for banks, pension funds or other large investors. 5. If Japanese rates rise and push up the cost of borrowing, the speculative funds may reverse course and sell their bonds. 6. If Japanese interest rates rise and push up borrowing costs, these speculative funds might reverse earlier bets by selling bonds. 7. Russian banks, many of which operate more like freewheeling speculative funds than banks in the Western sense, may instead use the rubles to buy dollars. 8. Some critics have questioned whether the effort to save the fund was necessary, and whether it might send the wrong message to other big speculative funds. 9. Some managers say the amount of money pouring into these so-called speculative funds is a definite warning sign for the U.S. stock market. 10. Platinum futures were hit by selling from speculative funds at the New York Mercantile Exchange. |
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