Just how much the demand for financial innovation will fade is unclear, of course. “These things come in waves,” Mr. Philippon said in an interview. “If for the next 10 years, we go back to a ’60s-style economy, where big firms make investments without taking too much risk, finance will shrink.” But, he added, if the green revolution, alternative energy and biotech “turn out to be like electricity, then we will need them.”
Here's the upcoming green bubble again.
