Write a reflection towards the topic below. capital markets, capital market instruments, treasury notes, treasury bonds, mortgage, mortgage loans, municipal bonds, corporate bonds, lease, capital lease, convertible bond, preferred stock, common stock, debt instruments, debt market, equity instruments, equity markets, stock markets, hybrid instruments, recent trends in financial markets: (1) technology, computerization, (2) globalization, interdependence, contagion, financial contagion (3) deregulation, (4) competition, (5) complexity, complex markets, complex instruments, (6) financial innovation, (7) fast markets, (8) financial conglomerates, financial supermarkets, (9) derivatives, leverage, financial risk, (10) speculation, speculative bubbles, leveraged speculation.