Rapid growth in nominal GDP means that asset prices do not need to fall so far to regain fair value, bad loans are easier to work off and excess capacity can be more quickly absorbed by rising demand.

名义GDP的快速增长意味着资产价格无需下调以回到均衡水平，坏账更容易被抵消，日益增长的需求也能迅速的吸收过剩的产能。

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Food inflation far in excess of wage growth translates to a dramatic fall in their standard of living.

食品价格涨幅远超过工资涨幅，将导致他们的生活质量急剧下降。

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This isn't really surprising: you expect inflation to fall in the face of mass unemployment and excess capacity.

但你不必感到惊讶：在大规模失业和生产能力过剩的大背景下，你不难想到通胀率会下跌。

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Forecast models show these warmer regions as being below normal by fall, a harbinger of excess storm activity.

FORBES: Damaging Hurricanes Could Impact Energy, Insurance Industries In 2012

House prices are likely to fall further in the next year or so, under the weight of gigantic excess inventories.

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In the report, we produce data that suggests a peak of global oil production at less than 95 million barrels a day, up from some 85 million now, and we summarize fears that could result in a peak of less than 92 million, plus a steep fall beyond the peak, all at a time when demand is rising well in excess of 100 million barrels a day.

FORBES: Magazine Article