便是国家之间恶性相互作用，一些国家有长期供给过剩的倾向，而另一些相反，倾向于过度需求。
It is the malign interaction between some countries' propensity towards chronic excess supply and other countries' opposite propensity towards excess demand.
实际上，即使在利率为零的情况下，一开始也会有一个储蓄的过剩供给。
In effect, we have an incipient excess supply of savings even at a zero interest rate.
泡沫之年的建筑狂热，留下那些甚至排在地价和不断上升的失业率之前的过剩供给，导致突然取消抵押品赎回权。
There was a building frenzy during the bubble years, which left an overhang of supply even before plunging prices and rising unemployment led to a blitz of foreclosures.
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