I don't subscribe to the extreme disaster scenarios for China but even a short period of low growth will cascade through the world economy as Chinese imports contract sharply, commodity prices fall further, surplus steel and other industrial goods hit glutted markets, dodgy Chinese credit leads to serious defaults and excess savings spill over into the Western financial system.
For consumers, however, this is all good news: a glut will mean lower prices.The prospect of sharp price declines over the next few years means the flat-panel TV market is on the cusp of change.
We have inherited, from the good years, a glut of housing, almost all of it of the unaffordable kind — condos galore — and an increase in office space amid a sudden, steep decrease in the need for it.
Farmers, who worked humble plots in the few uncrammed corners of Palestinian-controlled Gaza, were prohibited from exporting goods, creating a glut.
PAGE D1 A GLUT OF GOOD PUBLIC COURSES The U.S. Open is being held at the Torrey Pines Golf Course, a public facility in San Diego with symbolic import for an event known as the People's Open.
But as they see a glut of good will develop in some areas, many cultural and social service institutions are worried about sustaining their own long-term role in the fabric of New York.
Mr. Winderbaum said the furniture glut was good for some nonprofit groups in town, because he was helping to arrange for much of the equipment to be given away as charitable contributions.
From a masterfully choreographed single-take sequence in which a plumber walks down the high street of a seaside town, cheerily greeting characters who will all figure later, one can tell that Broadchurch (ITV1) is something that will stand out, even in the glut of good drama that has lately made going out in the evenings seem a rash choice.
They will be plentiful as the market absorbs the glut of good quality bonds flooding into it.
It is purely a function of supply and demand, a scarcity of good deals and a glut of willing capital.
