supposedly boring sectors like energy and infrasturcture.
While you hear about the liquidity bubble now and then, I had no idea about it going into energy and infrastructure. If there is one sector that has been subject to systematic underinvestment during the last 20 years it's these sectors.
Or am I wrong? Peak oil is not an energy crisis. It is a liquid fuel crisis.
The bit about
private equity's three to five-year investment horizons
Seems to imply that the buyers are just looking to flip their asset at the point of maximum return. The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
