It got held up for years though as the SEC tried to figure out the best way to protect investors and businesses from potentially reckless speculation. (inc.com)
When investor preferences are risk - seeking, overly loose monetary policy can have a disastrous effect by promoting reckless speculation and enhancing the ability of low - quality borrowers to issue debt to yield - starved investors. (hussmanfunds.com)
Look — despite our enviable position in 2009, having anticipated both the 2000 - 2002 and 2007 - 2009 market plunges (and recessions) as well as the advance in - between, we still had to learn the hard way in recent years not to block the path of reckless speculation as long as it's sufficiently robust to produce uniformly favorable market internals — even if we view valuations as obscene and the economic theory behind the speculation to be wholly counterfactual. (hussmanfunds.com)