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.
About the Independent Financial Advisor
Robert Pagliarini, PhD, CFP®, EA has helped clients across the United States manage, grow, and preserve their wealth for the past 25 years. His goal is to provide comprehensive financial, investment, and tax advice in a way that was honest and ethical. In addition, he is a CFP® Board Ambassador, one of only 50 in the country, and a real fiduciary. In his spare time, he writes personal finance books, finance articles for Forbes and develops email and video financial courses to help educate others. With decades of experience as a financial advisor, the media often calls on him for his expertise. Contact Robert today to learn more about his financial planning services.