[lbo-talk] Goodbye to the export of surplus capital?

[brad]

Securitization is not the only financial innovation of the last few
decades.  The commodity index funds and derivative markets are just
two examples of innovation + policy changes that are tending to
inflate bubbles (although I wonder if using the term bubble is
correct.  All of capitalism seems to be a bubble loosely defined.  And
the term bubble implies some sort of added non-reality when in fact it
is all sort of relative/subjective).

Brad