1986,87 also saw a boom in quants, mainly engineers, even nobel prize laureates. They put them in one room, come up with ways to make money using quantitative models. There was a lot of buzz for decades until the collapse of LTCM.<p>Peter Thiel said MBAs flocking to certain tech as warning signs of a peak, likewise wall streets have had PHDs flocking as a measure of it&#x27;s peak.<p>I fear that with a double whammy of low oil prices and low commodity prices, it will spark a long period of economic stagnation in the near future, as more jobs disappear in increasing numbers and social benefit falls and governments around the world struggle to monetize their aging populations.<p>The countries with young and increasing birth rate will feel the impact the worst, and we are already seeing such demographic in Europe packing up their bags and joining jihadi movements.