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Capital Stock is Too High

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DEFLATION AHEAD
"By looking at the capital stock to labour ratio I try to explain why the global excess savings post the equity crash prompted a residential and commercial real estate binge," Kevin GAynor writes at FTAlphaville. "The problem is that the surplus economies are likely to keep on generating surpluses while the investment needs in the west remain meagre on an ongoing basis given the excess capital stock outstanding."
SOURCE:   FT Alphaville

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