The best time to sell a home is during a seller's market — a market that has more buyers than sellers and hence higher prices result from
this excess of demand over supply.
He also went on to say that the new condos coming onto the Toronto market in 2014 were far in
excess of demand.
Questions like this can highlight management's competitive strategy and how much
excess of demand over supply exists in the current environment.
«The education system produces qualified graduates far in
excess of demand.
Who can't complain of
an excess of demands and a shortage of time and patience?
Not exact matches
Instead, prices in Toronto surged,
demand in Calgary recovered, and construction on new homes jumped to levels well in
excess of what is necessary to keep up with changes in population.
The market didn't crash, as some had feared, and the drop in sales shows the tax was successful at «squeezing out some
of the
excess demand,» says Caranci at TD.
Rental companies included in the sharing economy enable individuals to create wealth for themselves, solve problems and simultaneously use
excess capacity in the market, thereby preventing
demand for the manufacture
of new goods.
By and large, we still believe that the supply -
demand dynamics in real estate mean there's plenty
of excess returns to be had.
The federation, however, is adamant on keeping the quota, and believes stockpiling
excess maple syrup is a strategic move to keep up with future
demands (the federation currently stores 60 million pounds
of maple syrup).
It might seem unimportant to know exactly why copper has been added to the list
of sick commodities, but if it is more than a fright over
excess supply and slack
demand then we could be on the verge
of a rerun
of the GFC.
In
demanding, competitive industries like tech and finance, professionals work in
excess of 60 hours a week as a rule, and are available constantly by smartphone.
Even better: Since production runs are limited to the number
of presales, there's no waste and no
excess inventory to mark down due to tepid
demand.
As a result, in practice, the ON RRP is currently being run with an aggregate capacity limit
of around $ 2 trillion, which is far in
excess of typical daily
demand and well above the $ 300 billion capacity limit the facility had had since September 2014.
Because «overvaluation» and «undervaluation» usually refer to the fundamental value
of a currency, this
excess of supply over
demand would only imply an overvaluation
of the RMB if supply and
demand were driven primarily by economic fundamentals.
«In our view, China's structural growth deceleration is only half - way through and under the weight
of debt and
excess capacity, weakening investment
demand will remain the main culprit.»
Last week I had drinks with one
of my former Peking University students and we discussed some
of the ways the global economy might react to a world adjusting from a global crisis with weak
demand and
excess liquidity.
[12] Nor does the notion that monetary policy operates by expanding the money supply (or base money) and this
excess supply bids up
demand for goods and services (and their prices) as people attempt to get rid
of their excessive money balance.
One class
of theories says inflation is produced by
excess demand for available resources.
So what kind
of world are we in — one with
excess savings, or one with
excess demand?
Instead
of working on the
demand side, attention has turned to stimulating business through tax cuts, entrepreneurship and innovation while phasing out
excess capacity resulting from the previous stimulus.
Although manufacturing overcapacity is certainly a problem, much
of it is in areas in which global
demand has simply collapsed, and isn't coming back, and so a cheaper currency would have little impact beyond temporarily reducing
excess inventory, which is not enough
of a benefit to justify the many costs
of a weaker currency.
Hovering over this conversation is the specter
of secular stagnation, a persistent
demand shortfall that stems from
excess savings colliding with insufficient investment opportunities.
In today's environment
of weak global
demand, there has been little appetite among any major economies for the
excess production and savings
of these major surplus nations, but the absence
of capital controls has made the United States the default adjustment for global capital imbalances.
Unlike surplus countries, Mexico doesn't suffer from domestic
demand deficiencies that require trade surpluses and the export
of excess savings.
Summers and other secular stagnation supporters argue that the level
of interest rates needed to bring the economy back to full capacity is below the effective lower bound for monetary policy, so central banks are powerless to stimulate enough
demand to use up
excess supply.
If the recovery got underway in earnest and credit
demand surged, we could slow down the rate
of credit creation by raising the interest rate we pay on
excess reserves.
While each metal offers its own supply and
demand dynamic, the general theme
of excess supply (or at least balanced markets) is ubiquitous.
Scott Sumner told us in September 2009 that «the real problem was nominal,» that is, the recession and its high unemployment were primarily due to an unsatisfied
excess demand for money (combined with real effects on debt burdens
of nominal income being below its previous path).
Dourado writes (I take his «in the short run» to mean «in a situation
of unsatisfied
excess demand for money»):
In a 6/25/15 address to the London Bullion Market Association (LBMA) forum (brought to our attention by Luke Gromen in his newsletter, The Forest for the Trees), Dr.Yao Yudong
of the People's Bank
of China stated, «Main reserve currency issuers may either fail to adequately meet the
demand of a growing global economy for liquidity as they try to ease inflation pressures at home, or create
excess liquidity in the global markets by overly stimulating domestic
demand.»
In his article «The Age
of Secular Stagnation,» Larry Summers argued that
excess of saving over investment is acting as a drag on
demand to weigh on growth and inflation, and current monetary stimulus should be expanded to accelerate investments and pull
demand forward, such as raising the inflation target or to conduct nominal GDP targeting.
Moreover, these deviations were all on the downside reflecting an
excess supply
of cash, and were no more than two basis points, despite the markedly greater
demand for cash which could have been expected to drive the price
of cash up.
Real interest rates are very low,
demand has been sluggish, and inflation is low, just as one would expect in the presence
of excess saving.
This resulted in an
excess supply
of RMBS in the local market at the same time as
demand was reduced by the absence
of the SIVs themselves.
The reality is a bank has a surplus
of cheap money and lots
of potential investments, there is an
excess demand for their services and therefore they can pick the most secure and risk - free investments.
Upward pressures on wages and prices associated with
demand from the resource sector, and any
excess demand in the non-tradable sector, might require an increase in interest rates in order to contain inflation; this will depend in part on the extent
of the exchange rate appreciation.
As examples
of the latter, domestic
demand in the earlier widenings ran at unsustainably fast rates, usually in
excess of 7 per cent per annum for a time.
Another example would find the economics
of a sector temporarily depressed as
excess inventories get worked down, bringing supply and
demand into balance once again and restoring the sector's economics.
The ZIP Code - level analysis was not conducted in metro areas whose legacy housing supply was deemed in
excess of their current
demand.
In fact, given some
of the challenges surrounding slack
demand and
excess supply, an optimal decision would likely be to view each metal as a specific case study.
We've consistently predicted the good deflation
of excess supply, but in our two Deflation books and subsequent reports, we said clearly that the bad deflation
of deficient
demand could occur — due to severe and widespread financial crises or due to global protectionism.
[1] Also, any net
demand for TLTRO II that is not rolled over from TLTRO I will increase the level
of excess liquidity and thus the aggregate cost
of negative rates for depositors, while potentially reducing the amount
of other refinancing operations, including ECB's MRO currently standing at EUR63bn.
Such conversions are likely to grow more frequent as self - described «lovers
of death» such as ISIS force the French to explain and defend a civilization firmly based, for all its inconsistencies,
excesses, and aberrations, on the reverent love
of human life
demanded by the doctrine
of the Incarnation.
Or (to mention a case which is more rarely to be seen in real life, but which dialectically is entirely correct) this despair
of immediacy occurs through what the immediate man calls an all - too - great good fortune; for it is a fact that immediacy as such is prodigiously fragile, and every quid nimis [
excess] which
demands of it reflection brings it to despair.
Aspire cofounder and CEO Mohammed Ashour said they are in the process
of growing our capacity to meet that
excess demand, especially since Exo has more
demand for powder than Aketta, both in terms
of what's needed to actually manufacture the bars and in how many bars they're selling.
Cayenne production in New Mexico was valued in
excess of $ 4.7 million at farm-gate because
of the
demand for cayenne mash, the core ingredient in hot sauce.
It later emerged slowing
demand in China and a failure to quickly halt the production
of excess infant formula had left the company with just $ 1 million in cash and reliant on the grace
of its bankers to fund working capital.
Patty Clayton, a senior analyst at Datum, told DairyReporter.com that the news from Fonterra gives a rough idea
of a global trend whereby the market is moving from a situation
of excess demand to one where supply is recovering.
Roberto Mancini may have dropped the forward last weekend for the high - profile clash against AS Roma, but Inter would still reportedly
demand a fee in
excess of $ 35 million for their captain.