The Age of Oversupply: Understanding Modern Macroeconomics

I recently read the Age of Oversupply: Overcoming the Challenge to a Global Economy by Daniel Alpert. What a great summary of how the global economic cash flow has changed dramatically in the last 15-20 years and reshaped macroeconomics. Bottom line is that there is more money and workers ever before that far exceeds the demand for goods. Trillions of dollars in cash are being held by private corporations (Apple has $150 billion along) and foreign governments with little investment opportunities that outpace inflation. Doubled with 300-400 million new “middle class” works from China, Russia, and Indian have created a situation not yet experienced in our world’s history. What to do with all that money and people power?

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