At the same time, since returns to capital are kept low by high wages, very little investment occurs. The excess of savings over investment flows abroad as capital exports.

When there is no excess demand for cash, there will be no excess supply of the bonds and stocks that underpin and finance the economy s productive capital. Thus, expansionary monetary policy via standard open market operations by a central bank is the first item on the checklist of what to do in a financial crisis.

China s Excess Capacity Nightmare

Excess of politeness is annoying.

We have this incredible excess capacity.

They held large inventories of these assets, thus providing liquidity and smoothing excess price volatility. But, with new regulations punishing such trading (via higher capital charges), banks and other financial institutions have reduced their market making activity.

Excess of authority or contravention of instructions

If the US is unable or unwilling to run the required deficits, the global economy will flounder in a savings glut of low demand and cheap capital until another alternative emerges. Or perhaps the low cost of international capital will entice the US to absorb some of the world s excess savings, triggering a new period of global expansion.

Moreover, the bias toward manufacturing and export industries leads to a severe misallocation of capital. Less efficient industrial sectors have accumulated significant excess capacity, destabilizing the entire economy, while more productive, efficient sectors lack access to the resources they need.

Record low interest rates in 2001, 2002 and 2003 did not lead Americans to invest more there was already excess capacity. Instead, easy money stimulated the economy by inducing households to refinance their mortgages, and to spend some of their capital.

(d) Net excess (shortfall) of income over expenditure

The craving for excess wealth kept you people neglectful.

The craving for excess wealth kept you people neglectful.

(c) Interest income in excess of the budgetary estimates

Any time perspective in excess has more negatives than positives.

Stopping the deployment of excess international search and rescue teams

Research by the International Monetary Fund has indicated that these fiscal multipliers the second factor overlooked by forecasters vary with underlying economic conditions. In economies with excess capacity (including human capital) and a high degree of structural flexibility, the multipliers are greater than once thought.

If politics is the problem in Europe and America, only political changes are likely to restore them to growth. Or else they can wait until the overhang of excess capacity diminishes, capital goods become obsolete, and the economy s internal restorative forces work their gradual magic.

O ye who believe! make not unlawful the good things which Allah hath made lawful for you, but commit no excess for Allah loveth not those given to excess.

O ye who believe! make not unlawful the good things which Allah hath made lawful for you, but commit no excess for Allah loveth not those given to excess.

So we have, possibly, liquid water, organic materials and excess heat.

The load of the truck was in excess of three tons.

In 1998, excess capacity was estimated to be 275 Mt. worldwide.

The key is to reflect on six kinds of capital goods business capital, infrastructure, human capital, intellectual capital, natural capital, and social capital. All of these are productive, but each has a distinctive role.

And if the decline in nominal wages signals that there is an excess supply of labor, matters only get worse. General deflation eliminates the capital of yet more financial intermediaries, and makes risky an even larger share of assets that had previously been regarded as safe.

Reinsurance shall be arranged for the portion in excess of this sum.

It doesn't see any excess cost. It doesn't spend any extra time.

Instead, banks have hoarded the increase in the monetary base in the form of idle excess reserves. There is a credit crunch, as banks with insufficient capital do not want to lend to risky borrowers, while slow growth and high levels of household debt have also depressed credit demand.

Purchase orders cannot be processed unless they pass through the budget check function, which does not permit expenditure in excess of the project budget for that accounting period, or in excess of cash received.

And we may have invented excess, but the problem of waste is worldwide.

What matters here isn't technical capital, it's social capital.

The same forces that are dramatically increasing the world economy s productive potential are largely responsible for the adverse trends in income distribution. Digital technology and capital have eliminated middle income jobs or moved them offshore, generating an excess supply of labor that has contributed to income stagnation precisely in that range.

Today, as all major developed economies resort to expansionary monetary policy, the global economy is being flooded with excess liquidity, and a currency war is looming large. As a result, short term capital inflows, whether seeking a safe haven or conducting carry trades, are bound to become larger and more volatile.

Now another form of pollution that's biological pollution is what happens from excess nutrients.

They (had experienced) under the Pharaoh. He was certainly a tyrant, guilty of excess.

They (had experienced) under the Pharaoh. He was certainly a tyrant, guilty of excess.

Unpaid assessments for peacekeeping operations were lower, although still in excess of 2.1 billion.

The sustainable livelihood framework (SLF) proposed in the project document as a tool for analysing the success of the project is based on the following set of broad success indicators natural capital, physical capital, social capital, human capital and financial capital.

Underinvestment has long term costs and consequences everywhere. Excess consumption merely hides these costs temporarily.

And be not drunk with wine, wherein is excess but be filled with the Spirit

And be not drunk with wine, wherein is excess but be filled with the Spirit

(vi) Expenditure in excess of appropriations as amended by duly authorized transfers within the budget

Capital Shrugged

Initial capital

Capital flows