Leung said the factors driving the market are excessive liquidity, low interest rates and a weak U.S. dollar.
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This would be very hard for the White House to swallow given concerns about excessive cost exposure for low-income people.
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Tao believes the fundamental problem Hong Kong faces is excessive liquidity due to excessively low interest rates.
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With respect to fast moving consumer goods, excessive discounting (pricing too low) can effectively train consumers to look for a certain sale price and wait for that price before they buy.
It thought the U.S. economy was much weaker than it was and therefore pumped out excessive liquidity and kept interest rates artificially low.
They are pioneers in a market with low incomes, poor technology and excessive regulation.
At the same time Russia faces one of the steepest demographic declines on the planet, spurred by unusually low lifespans among males, with excessive drinking a prime contributor.
The financial crisis resulted from expansionary monetary policy and the resulting low interest rates, which led to excessive borrowing for investment in housing.
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And if that is all there was to it then the Danish could rightly argue that the royalty payments are excessive (or that the original transfer price was too low, much the same thing in reality) and thus try to claim more tax.
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It is not only excessive faith in technology that keeps many firms from making these low-tech investments.
Excessive greed and risk-taking, aided and abetted by extreme low interest rates, and regulatory powers spread across too many entities to be effective, resulted in a housing bubble.
Goldman Sachs points out that this is still low by past standards, and that the rise probably reflects excessive lending in 1997-98.
For a big American city, its rates of murder and violent crime are low. (The police, though, often use excessive force, especially against non-whites, according to a report by the Justice Department in December.) What has been lost this spring is the sense of Seattle as a cosy cocoon.
"Excessive runoff from this storm will cause flooding of small creeks and streams" and affect low-lying areas.
She had on a mini-skirt, an extremely low-cut blouse and a mustard-yellow sweater threatening to die of excessive pilling.
The biggest supply-side obstacle to future growth may no longer be (if it ever was) excessive regulation or inflexible labour markets, but a corporate culture that finds it easy to tolerate low returns and difficult to tolerate outright failure.
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