Foreign investors flock to Australian property Nov 6, 2009
In the words of the FIRB -BEFORE- they the rules were changed "The effect of the more restrictive policy measures on developed residential real estate is twofold. Firstly, it helps reduce the possibility of excess demand building up in the existing housing market. Secondly, it aims to encourage the supply of new dwellings, many of which would become available to Australian residents, either for purchase or rent. The cumulative effect should be to maintain greater stability of house prices and... (Sydney Morning Herald -- Business)
ICL Announces Successful Placement of NIS 900 Million in Debentures Sep 11, 2009
Following that excess demand, the Company accepted NIS 680 million of the subscriptions from institutional investors. As a result of additional strong demand by the public, the Company decided to further increase the final size of the offering and to accept all the subscriptions. (PR Newswire)
Metallurgical China Said to Seek $2.5 Billion From Stock Sale in Hong Kong Sep 7, 2009
Metallurgical, whose parent company was founded in 1982, may expand the Hong Kong sale by 15 percent to meet excess demand. The builder will start taking bids from institutional investors today and the shares will be priced on Sept. 18. (Bloomberg -- Asia)
Nigeria: Central Bank Ready to Defend Currency Aug 5, 2009
Sanusi said he is convinced that the current excess demand is driven by speculators and a few irresponsible banks. "The CBN wants to make it clear that any bank that encourages panic buying or is found of breaking the rules will not only be suspended but will also be thrown out of the market," he warned, explaining that part of the measures taken recently was to ensure that no funds bought at RDAS are resold at the interbank market in order to curb the activities of some banks which bid high to... (allAfrica.com)
Yellen: Fed Will Tighten When Needed Jul 30, 2009
"Monetary policy fosters inflation when it loosens the stance of policy enough to create excess demand for goods and services. Right now, we have exactly the opposite.". The United States needs "more demand -- not less -- to offset slack in labor and product markets," Yellen added. (Newsmax)
Pandemic could overwhelm critical care beds in England, especially children's units Jul 25, 2009
The research, fast-tracked for online publication by Anaesthesia, suggests that demand for critical care beds could outstrip supply by up to 130 per cent, with up to 20 per cent excess demand for ventilators in some regions ... "However, based on figures provided by the ten regional health authorities and using the FLUSURGE model developed by the Centres for Disease Control and Prevention in the USA, we can see that hospitals would face massive excess demand even if the pandemic lasted an... (EurekAlert!)
Roof collapses at Midway Jun 17, 2009
The pressure and excess demand on rain gutters proved too much stress on the building's cover. "We'll be closed for two or three weeks, but it's a blessing no one was hurt," he said. (Bismarck Tribune, ND)
Palm Coast watering ordinance brings year-round rules into effect Jun 6, 2009
Under the restrictions, watering with private irrigation wells is prohibited between 10 a.m. and 4 p.m. Irrigation with city-supplied water, under a resolution of excess demand level 1, allows watering only between the hours of midnight and 10 a.m.. The time of year also has an impact on the restrictions, Matthews said. (Daytona Beach News Journal -- Local)
When One is Not Enough May 30, 2009
We had a demand-pull inflation created by excess demand for houses by an unusually large group of people forming families at one time without enough supply. Voila, prices in desirable areas started increasing. (Townhall.com)
Monetary folly oils oil gains May 28, 2009
Small excess demand over supply will require substantial price increases for clearing the crude oil market and restoring supply-demand equilibrium in the market place. The expansionary fiscal and monetary policies of 2000-2008 kept the demand for oil high, with oil prices under a rising trend. (Asia Times Online)
Depreciation of the Cedi and its impact on small businesses May 14, 2009
The other school of thought is that there is too much excess demand for the dollar in the local economy. Apart from that falling cocoa and gold prices on the international markets have also played significant roles in the depreciation. (Ghana Web, Ghana)
Inflationary musketeers May 13, 2009
When banks extend credit out of deposits, they are using available savings to lend and are not creating excess demand. When the central bank injects money out of thin air, its action is akin to robbery. (Asia Times Online)
* Why an eclectic and rapid response to the economic crisis is vital May 7, 2009
When there is no excess demand for cash, there will be no excess supply of the bonds and stocks that underpin and finance the economys productive capital. Thus, expansionary monetary policy via standard open-market operations by a central bank is the first item on the checklist of what to do in a financial crisis. (Taipei Times, Taiwan -- Sports)
Recovery to be led by housing: Westpac May 6, 2009
Mrs Kelly said factors that were keeping the household sector relatively strong were the significant reduction in interest rates, the absence of sub prime loans in Australia, the ongoing excess demand for housing and the absence of a sudden and large fall in house prices. "Having said all that, when the recovery comes, it is likely to be a slow haul," Mrs Kelly said. (Sydney Morning Herald -- Business)
Asia's savers not the culprit Apr 1, 2009
" It is difficult these days for me to accept that Greenspan, his successor as Fed chairman, Ben Bernanke, and others are sticking to this misplaced view that a glut of global saving was predominantly responsible for the proliferation of US and global bubbles. The failure of our policymakers to understand and accept responsibility for the bubble must not sit well internationally. Long-time readers might recall that I pilloried this analysis from day one. The issue was never some glut of... (Asia Times Online)
Cheaper tickets! Mar 18, 2009
"Given the economic situation, there will be pressure on fans' ability to spend and the clubs have acted accordingly. "It's a very real way that they can help at this time," Johnson said. Johnson said the drop in crowds this season was not significant and may be made up towards the end of the season when attendances are traditionally higher. Sport business expert Professor Simon Chadwick, founder of the Center for the International Business of Sport (CIBS) at Coventry University, told CNN... (CNN -- International)
Nigeria: The Reality of Forex Controls [editorial] Mar 9, 2009
Elementary economics shows that situations of excess demand over supply are very challenging to handle. With the weakness of the oil market, the rapid loss of forex inflows, and a weakening external reserve base, the CBN faces an uphill task in controlling the foreign exchange market. (allAfrica.com)
Now is the time to pick and choose Feb 28, 2009
Stevens is counting on the Reserve's halving of mortgage rates to boost the market: "For ordinary people looking in the lower-priced areas, with the interest rates having come down a lot and the prices lower and things like petrol prices also lower, things have improved a lot from the housing affordability point of view, and I think we will see the effect of that on housing finance and housing construction over the coming couple of years. But dire predictions of sharp house price falls are not... (Sydney Morning Herald -- World)
FRAILTY AMONG THE RIGORS OF AGING Feb 17, 2009
Frailty appears to be a product of excess demand imposed on reduced activity, according to Powell in the Journal of Social Medicine. Once individuals become frail there is often a rapid, progressive, self perpetuating downward spiral toward failure to thrive and death. (Pine Bluff Commercial, AR)
Free falling cedi cant be stopped Feb 11, 2009
Speaking in an interview with this reporter, Collins Appiah, Head of Research at Gold Coast Securities explained that excess demand of the dollar in the local economy and the subsequent sharp depreciation of the cedi to that currency have been aggravated by falling cocoa and gold prices on the international markets. He noted that the fall in the prices of these major exports has meant a reduction in the inflow of foreign exchange. (Ghana Web, Ghana)
