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To me it seems, you both are rather debating semantics. Of course it is "speculating" trying to estimate fuel prices, but this is not meant, when people condem
by hutzlibu 4y ago
To me it seems, you both are rather debating semantics.
Of course it is "speculating" trying to estimate fuel prices, but this is not meant, when people condemn "gambling" on the stock market. What they mean is people with lots money investing wherever short term profits are possible and often gaming the market while doing so. So creating unexpected price changes for the actual industries needing those supplies and they obviously don't like that. But I couldn't draw a clear line between "necessary gambling" and "unnecessary gambling".
- newswasboring 4y ago> So creating unexpected price changes for the actual industries needing those supplies and they obviously don't like that. Followed by > But I couldn't draw a clear line between "necessary gambling" and "unnecessary gambling". What? you literally just drew a very crisp line.
- hutzlibu 4y agoI merely brought 2 examples and I can surely bring more, but this is not the same as in general being able to draw a clear line on the topic. Basically, I couldn't define this clear line in a law. And I am not sure, anyone can.