He thinks the supply-side global economic boom can support higher commodity prices and stocks.
"People have been listening to the Chancellor and realising things are not going to continue on the boom side and so are pulling back, " he added.
But there's a less desirable side to this new boom: It is fueled by the same kind of government super-subsidy for housing that drove the boom and bust a decade ago.
You know, the CNN documentary got a lot of attention, in part, because it explored this whole question of why it is that African-Americans have not been as present on the business side of the Internet boom.
Nor is the turnaround just a side-effect of the commodities boom.
On the demand side, LNG exports are set to boom in coming years (requested permits are equivalent to more than 60% of current consumption).
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In fact the innovation boom, particularly the ideation side of innovation, is in part a giant motivational game, offering employees a little extra kudos for showing more commitment.
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Lawrence Summers, America's treasury secretary, attracted attention recently when he likened the new-technology boom to a positive supply-side shock, the converse of the oil-price shocks of the 1970s.
Books such as The World Is Flat and The Elephant and The Dragon have chronicled the rapid rise of China, India, Southeast Asia and eastern Europe, et al. Of course, many factors from supply-side tax policies to open trade have contributed to the global boom.
The boom over the last six years coincides with the introduction of electronic trading side-by-side with floor traders at the Chicago Mercantile Exchange (nyse: CME - news - people ) and the Board of Trade.
There were two--and arguably three--buttons that engaged the supply-side revolution, which, in turn, set up the U.S.' long economic boom from 1983--2007.
Private equity, the flip side of hedge funds which often take companies private and then public again, is driving the current privatization boom.
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