Eventually I ran into all the economic schools and theory. I also found economic studies ... the best being the Harvard study which made the current account deficit with Asia a codeterminant. Not that the solution to prevent bubbles was a codeterminent ... it was all about the capital from current accounts. Also the benefits espoused by Friedman were shunned ... how do we control, reduce, and regulate the capital.
I'm not dismissive of risk "There is little doubt that increased financial sector leverage –from 20x capital to 30x capital from 2000 – 2007 (even 35x)" , I merely accept the fact that glut and valuation increases were inevitable. A taste of old Nam inflation might have been better then the runup on commodities / housing valuations. Many factors like Asia crisis, monetary manipulation in China, and dollar devaluation contributed.
GDP exports and the following consumption issues that drive 70% of the economy sparked my interest after the inability to stimulate the economy. Underconsumption/Says debate. In the end I look at the bottom line ... as a country ... not just corporation. To old and military service ... the nationalism is ingrained.