At the international level, the fear was not of too much politics but of too much law.

Indeed, there is a global glut of oil.

America has a savings deficiency, not a glut.

Too much nitrogen is just as harmful as too little.

The US current account deficit and the Asian surplus will shrink.

Likewise, he argued that it was an oversupply of money that caused inflation.

The huge federal budget surplus was supposed to provide the means to do that.

How does a savings glut translate into exports, given that households do not export?

Growth is forecast to return above trend by 2005 06, bringing the current cycle to an end.

The average surplus on the current budget since this cycle began is 0.8 of GDP.

Further contributing to the savings glut was growth itself.

The banking sector, indeed, is showing excess liquidity as a result of a fall in demand for credit.

The real problem of traditional elites may not be too much power, but too little.

Indeed, conspicuous glamour and excess are not uncommon among Mexico's richest citizens.

Japan is a country with a structural trade surplus ie, exports are likely to remain above imports on a sustained basis because Japan s trade surplus results from an excess of national saving over investment.

Within national income accounts, trade deficits represent the excess of a country s consumption over production.

But the more immediate problem remains deflation, given high unemployment and excess capacity. If the economy recovers more robustly than I anticipate, spending can be canceled.

As a result, all of this excess liquidity is flowing to the financial sector rather than the real economy.

But the more immediate problem remains deflation, given high unemployment and excess capacity.

Building on this success, current research is exploring new drugs, particularly those that rely on our growing biological insights.

As a consequence, Ireland s budget surplus will come down, according to forecasts, from 4.7 to 4.3 of GDP.

For example, some aggressive breast cancers were found to have an excess of a protein called HER2.

Given the global gas surplus, Europe is in a position to tell Russia in no uncertain terms that its corrupt practices are no longer acceptable.

They reminded authorities that the region's energy security is stable and it even registered a surplus in power supply.

Given the gravity of the accusations, and the abundance of evidence against him, Ríos Montt should be on his way to prison.

But Bush squandered that surplus, converting it into a deficit of 5 of GDP through tax cuts for the rich.

Africa has a surplus of agricultural labor and too few other jobs.

The same problem haunts Bernanke s hypothesis that slow growth reflected a global savings glut.

When he was Chair of the US Federal Reserve, Ben Bernanke mistakenly described the problem as a global saving glut.

Still others highlight the role that the political system played in inflating the banking sector and real estate prices, particularly the sub prime sector.

There is excess capacity in some heavy industries and in residential real estate markets in some second and third tier cities.

Most important, compared to the US, the excess debt created during the boom years has been much more difficult to work off.

Others cite the so called capital glut large inflows of external financing from China and much of the developing world.

Even if real wages increase in some coastal cities, surplus labor could keep the national average flat.

Attending to such basic needs in a way that manages scarcities and surpluses regionally has a powerful logic.

Indeed, what scientists have figured out is that, instead of warming the surface, the excess heat that is being generated has gone to the deeper oceans.

First and foremost, there is the global savings glut, an idea popularized by current Federal Reserve Chairman Ben Bernanke in a 2005 speech.

Because the old save less, lower aggregate savings in rich countries will crimp the relative abundance of capital available to poorer economies.

Can you imagine anyone trying to censure Germany because it reduced its budget surplus by .4 of GDP?

Yes, the US needs tax increases to move the federal budget into surplus and policies to boost private savings.

It was as if an excess of vitality so filled her whole being that it betrayed itself against her will, now in her smile, now in the light of her eyes.

For example, while capitalism depends on investment and consumption, an excess of the former leads to production gluts, and too much of the latter causes economies to overheat. Similarly, capitalism depends on competition, but competition can be brutal and destructive.

For example, while capitalism depends on investment and consumption, an excess of the former leads to production gluts, and too much of the latter causes economies to overheat.

This year, the public sector budget might move from a small deficit to what German officials call a black zero a very small surplus.

Third, the corporate sector faces a glut of capacity, and a weak recovery of profitability is likely if growth is anemic and deflationary pressures still persist.