I just finished a new book titled, “The Age of Oversupply” by investment banker, Daniel Alpert. His thesis is that the current economic malaise the U.S. and other countries around the world are experiencing is the result of three factors:
1. Oversupply of labor
2. Oversupply of capacity
3. Oversupply of capital
He goes into wonderful detail around why we have such an oversupply and the global effects it has and will continue to cause. He concludes the book with cogent suggestions for how to deleverage and create economic growth. It’s an excellent book with fresh ideas. I highly recommend it.