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Autumn is – for obvious reasons – the preserving season, when forward-thinking householders dry, smoke and pickle the harvest glut, building up stores to see them through the lean winter months.
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On May 13th the International Energy Agency, representing the main oil-consuming countries, said a global oil glut was building, as Saudi Arabia pumped oil frantically in a continuing battle for market share with American shale-oil producers.
For more than a year the Bank of New England, like other banks in the region, has been hurt by a glut of building, which caused real estate prices to fall and made it harder for banks to collect on loans backed by real estate.
But there is little prospect of a building glut.
A glut of new building is forcing developers to cut prices.
And last year, while the MSCI World Index of global share prices suffered a negative return of 40.3%, commercial property lost just 10.1%.The good news is that, in most developed markets, the boom did not result in a glut of new building.
But then came a building glut.
Real estate is cyclical, he stressed, and he predicted a correction will take place, but he said India is not vulnerable to the kind of real estate crash experienced in the United States after the 1980s building glut.
Universities want to attract successful scientists, and so they have erected a glut of science buildings, Dr. Stephan said.
The market has been hammered by layoffs on Wall Street, tighter lending standards and a glut of new buildings, said Jonathan J. Miller, chief executive of the firm.
The glut of new buildings and the vacancy rate meant that these guys were sweating over what could become a vertical ghost town.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com