Title: RE: [PEN-L:29649] Investment Overhang
I don't remember the context, but maybe he's referring to the overhang resulting from the over-investment of the late 1990s/2000 in the US (which is even mentioned in the official ECONOMIC REPORT OF THE PRESIDENT). That lead to excess capacity and e
ken hanly wrote:
>Could someone explain what Stiglitz means when he speaks of an investment
>overhang and how it is a problem?
After an investment boom there's too much capital equipment to use
profitably, and it has to get worn out before new investment can
start again.
Doug
In a message dated 8/20/2002 12:53:56 PM Eastern Daylight Time, [EMAIL PROTECTED] writes:
After an investment boom there's too much capital equipment to use
profitably, and it has to get worn out before new investment can
start again.
And in this particular boom, a tremendous amount of bond
