> Wasn't there also a "supply" factor,
> in an excess of money that needed to
> find new outlets for investment?
http://www.ft.com/cms/s/0/8c9dea94-3e30-11dc-8f6a-0000779fd2ac.html
The surpluses built up faster as oil and other commodity prices went up. Somewhat analogous to the Eurodollar boom in the 1970s. (This "Euro-" prefix has nothing to do with the currency that got same name more recently.)