Excess in sentence

901 examples of Excess in a sentence

Access is good; excess is bad.

For these sectors, rapid investment-driven growth in the past decade has produced a mountain of excess capacity, reflected in stagnant prices and the banking sector’s soaring volume of bad loans, as price wars squeeze profitability and stimulate real-estate speculation.

Germany’s immense current-account surplus – the excess savings generated by suppressing wages to subsidize exports – has been both a cause of the eurozone crisis and an obstacle to resolving it.

The eurozone needs higher domestic demand to escape the debt overhang left behind by pre-crisis excess.

In an environment of excess debt and inadequate savings, wealth effects have done very little to ameliorate the balance-sheet recession that clobbered US households when the property and credit bubbles burst.

But it is as if, owing to an excess of prudence, they cannot bring themselves to pursue their own arguments to their logical conclusions.

For example, even if investors in telecoms become utterly confident in the US economy, they are not going to invest in more fiber optics, given today's huge excess capacity.

Smart machines and global connections have also boosted income inequality in two other ways: by increasing the size and scope of global markets for top-rated talent in a variety of fields (the so-called winner-take-all effect), and by generating huge excess returns or monopoly rents from the creation and ownership of intellectual property and intangible capital.

Indeed, empirical research suggests that countries without explicit or implicit access to liquidity tend to hold much higher reserves than the privileged few – only to be blamed by the same privileged few for contributing to global imbalances by hoarding excess reserves.

While debt might be a problem for Chinese companies with excess capacity and low productivity, companies in fast-growing, productive sectors and regions may not be in too much trouble.

The key will be to encourage the reduction of bad debts and increases in the stock of safe assets, while taxing excess capacity and encouraging innovation, thereby improving total factor productivity.

Apart from avoiding the excess burden and injustice of taxation, they also have the benefit of inducing banks’ owners to choose a prudent investment strategy, while persuading creditors to scrutinize and select carefully the banks to which they want to lend.

The EMF could receive a levy that would be proportional to any fiscal deficit in excess of 3% of GDP and public debt in excess of 60% of GDP – the caps imposed by the Stability and Growth Pact.

This forecast of excess demand is an important part of the Fed’s rationale for raising the policy rate and shrinking its balance sheet.

Little wonder that Chinese families, fearful of such an uncertain future, save to excess.

This was and is the result of an asset bubble fueled by excessive leverage and by the massive transparency issues associated with complex securities and derivatives that were supposed to spread risk, but instead mainly increased the systemic risk already present with excess debt.

Third, contributing factors included low interest rates, compressed risk spreads, and global imbalances that accommodated low savings in the US, consumption in excess of output, and a mounting trade deficit.

Moreover, with excess reliance on domestic demand, the structure of the US economy evolved with a bias toward the non-tradable sector (where all of the new jobs were created) and insufficient reliance on foreign demand and hence exports.

With a new round of stimulus, China’s excess production capacity and underused outlays (for example, built-up real-estate assets) could be mobilized immediately, restoring 9% annual GDP growth.

Instead, excess liquidity and fresh asset bubbles could emerge in the world’s financial and housing markets, impeding, if not torpedoing, growth.

The car loan market underwent a mini-boom in 2003-04, but non-repayment rates in excess of 50% forced banks to pull back.

More specifically, the size of the US trade deficit – imports minus exports – equals excess of US investment over US national saving.

The Chinese are still maintaining excess capacity in some state-owned industries, leading to export sales at money-losing prices.

Moreover, having built the needed physical infrastructure in the last decade (perhaps to excess), China is now emphasizing the software infrastructure needed to sustain the growth of its burgeoning services sector.

But, in much of the rest of the world, other factors – namely, inadequate aggregate demand and significant output gaps, rooted in excess capacity and underused assets (including people) – seem more important.

That implies a $6.2 trillion injection of excess liquidity – the difference between the growth in central bank assets and nominal GDP – that was not absorbed by the real economy and has, instead been sloshing around in global financial markets, distorting asset prices across the risk spectrum.

While the pendulum has swung from squeezing out excess inflation to avoiding deflation, price stability remains the sine qua non in central banking circles.

With more than $6 trillion of excess liquidity still sloshing around in global financial markets, that courage cannot be found soon enough.

There is surely always excess demand on the part of workers from lower-income countries to migrate to high-income or dynamic middle-income countries.

The problem of excess demand becomes more serious – and ethically challenging – when it involves refugees and grows suddenly, owing to factors ranging from natural disaster to civil war.

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