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Major investment banks overinvested in those securities, further misled by negative real interest rates into massive overleveraging, went bust.
FORBES: President Obama Offers A Repeat Of His Same Failed Policies
First, one of the largest categories of physical capital is real estate, and we have already overinvested in that area.
WSJ: Hal Varian: Boost Private Investment to Boost the Economy
Money managers realized during the July-August plunge that they were way overinvested.
FORBES: It's Time To Prepare For The Crisis Ahead
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