We are living in an age of excess global liquidity, which renders a fall in sterling self-limiting.
我们生活在全球流动性过剩的时代，这使英镑下跌具有自限性。
As the excess liquidity in the global economy will be gigantic by then, the tightening will probably trigger a global crisis as asset bubbles burst.
由于在全球经济中的过剩流动性将变的极其巨大，收紧措施有可能导致资产泡沫破灭，引发新一轮全球危机。
Policies should instead focus on the causes of excess global liquidity and volatility.
相反，政策应该侧重于消除全球流动性过剩和波动的成因。
Low global real interest rates and excess liquidity were likely to be the major cause of global housing prices boom and synchronization.
全球实际利率的持续走低与流动性过剩可能是全球房价膨胀与同向变化的主要因素。
Low global real interest rates and excess liquidity were likely to be the major cause of global housing prices boom and synchronization.
全球实际利率的持续走低与流动性过剩可能是全球房价膨胀与同向变化的主要因素。
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