[lbo-talk] An Orgy of Speculation?

[brad]

However, the Financial Times had a story just yesterday about how US
manufacturing is growing due in part to the lower US$.  True there is
always speculative bubbles when you have a loose monetary policy, but
the fact that US corps are sitting on record amounts of cash would
also lend to speculative bubbles.  The stock market does seem to be
completely detached from the real world lately and I have already
expressed my thoughts on the role of speculation in commodities (which
are a type of hedge against the economy overheating due to a bubble).

Brad