All economic turmoil, since the great depressions, even before the birth of Isa a.s. (a.k.a. jesus) could be attribute to the greedy and speculation. Greedy will make people insane and to certain extend they willing to sacrifice everything; dignity, religion, belief, families for the sake of achieving their target. This machivelism ( end justify the means ) act sometimes bring suffer not just to other people but also to oneself. Speculator, sometimes create speculation, unlogical, baseless or excessive prediction (not forecasting) and to certain extend spread rumours to take advantage of naive investors. This will bring a snowball effect and creating bubble. All fundamentals will be put aside. What is more important is how well you predict the market sentiments. Forward, Futures, Options and other types of financial instruments has been manipulated to create so called profit. Sometimes you do not need cash to get profit (short sell). When the bubble burst......... not just the market participants suffer, but also all the people around the four corner of the earth will suffer. ...... That's why Islam prohibit speculation.....
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