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&lt;p&gt;&lt;em&gt;Bonfire of the Vanities&lt;/em&gt;&amp;#8217; author Tom Wolfe might no be an economist, but he has some pretty interesting theories about the current state of the economy. Earlier this week, Wolfe told &lt;em&gt;The New York Times&lt;/em&gt; why he thinks globalization might &amp;#8220;come back to bite us,&amp;#8221; what he meant by saying Blackstone going public could be the &amp;#8220;end of capitalism as we know it,&amp;#8221; and what the etymology of the word&amp;nbsp;&lt;em&gt;credit&lt;/em&gt; has to do with the subprime crisis.&lt;/p&gt;&lt;p&gt;Click here for more on finance from the iconic author, or let us know what you think of Wolfe&amp;#8217;s words by commenting below.&lt;/p&gt;

Derek Loosvelt

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