Exact(3)
That term may have negative connotations in the United States, particularly after the last decade of debt excess.
Jonathan Freedland's CiF that the debt, excess and exploitation is not just down to Dubai, we've all had a slice of this pie, got clemsworld thinking: "The $64,000 question is precisely who exactly is the mythical loan shark that we (as a global community who have 'all been at it') owe all this money too exactly?
What this development does suggest, though, is that the last of the three excesses that have burdened the economy since 1990 excess corporate debt, excess capacity and excess labour may now finally be on the point of elimination.Elimination is probably too strong a word, for whether something is excessive is a subjective question.
Similar(54)
This reorientation has happened because Germany avoided the debt excesses, both private and public, that inhibit growth elsewhere.
But that leads us back to what we should do about debt excesses if we can't use monetary or fiscal policy?
The excesses that built up during the bubble years, such as huge private-sector debts, excess capacity and an enormous current-account deficit, still loom large.
He analyzes a company's balance sheet, looking primarily for minimal debt and excess cash flow.
Egypt, he noted, has external debt in excess of $30 billion, and an economy in freefall.
While encourging the writer to improve his standard of living, the manager finds a debt in excess of $490.
Second, macro models need to account for the ways that debt and excess investment suppress economic activity following a boom.
Firms, struggling under a mountain of debt and excess capacity, are slashing investment, and exports to the rest of Asia are falling.
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