I'd love for someone to tell my why speculation is bad.
I sense a thread derail coming, but yeah I don't see why speculation is so bad.
Apparently that's because both of you aren't aware of how much of it is going on, at least I hope that is the answer. Before I write a 10 page history on this I'll test the waters: do you think that there is any amount of speculation that would be 'too much' or is it fine to have 50 times GDP of a country flowing in and out of that countries capital markets annually?
No, I don't think there is the concept of "too much". Maybe you can explain why. Even just a short summary.