The proof, he says, was the strong demand for the commission's first issue of bonds this month to raise money for Ireland's bail-out, at an interest rate of only 2.6%.
他说，欧盟委员会本月首度发行债券以援助爱尔兰时的利率低达2.6%，但需求依然强劲，这就是证据。
In effect, we have an incipient excess supply of savings even at a zero interest rate.
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。
Right now we're in a liquidity trap, which, as I explained in an earlier post, means that we have an incipient excess supply of savings even at a zero interest rate.
现在我们陷入了一个流动性陷阱(在我此前的一篇文章中解释过)，意味着我们即使在零利率的时候，也将会遇到初始就过剩的储蓄。
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