The result, said Mr. Bernanke, was a "global saving glut" : lots of money, all dressed up with nowhere to go.

伯南克说，这样做的结果是“全球储蓄过剩”：许多钱穿好了衣服，但是没地方可去。

youdao

Those links came under strain before the crisis, as a global saving glut caused a decoupling of long- and short-term rates.

这些联系在这场危机前受到了压力，这是因为全球储蓄过剩导致了长期利率水平和短期利率水平的脱钩。

youdao

But the fact remains that without the global saving glut, we couldn't have had a housing bubble or the resulting housing collapse.

但事实是没有全球存款过剩，我们根本就不会有房产泡沫也不会有房产下跌。

youdao

It is too plentiful for small economies to spend, and has therefore added to the glut of global saving that is in part responsible for the financial excesses of recent years.

ECONOMIST: Gulf economies

In 2005 Ben Bernanke, now chairman of the Federal Reserve, pointed out that global interest rates were oddly low, suggesting a glut of saving abroad, not a shortfall of saving at home, was responsible for the flow of capital to America.

ECONOMIST: Global imbalances