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Why We Have an Oversupply of Almost Everything, From Oil to Labor to Capital

Global oversupply extends beyond commodities, elevating deflation risk. To me, this is a very serious issue, quite likely signaling that we are reaching what has been called Limits to Growth, a situation modeled in 1972 in a book by that name. What happens is that economic growth eventually runs into limits.

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via The Energy Collective – The world’s best thinkers on energy & climate