No. of Recommendations: 1
I believe that overproduction is a real problem and has been for at least 15 years but has caught up with us just during the last several. It was to a great extent the problem with the Asian Contagion, for example. Globally, automobiles can be produced far faster than consumers can consume, for just one example. Various kinds of automation have increased productivity to a high degree. Right now, I don't see how this is going to end as, at least here in America, consumers have been spending themselves silly (and we are no exception through we have only modest debt on our home and pay off credit cards monthly). There is a limit as to how fast you can consume, no matter how much advertising is put before us.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.