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| Debt's impact on growth: Latest study doesn't settle debate CNN When a country's debt levels are very high, it's typically associated with slower economic growth compared to periods when a country's debt is lower. That's what various research has shown over the past few years, and it still holds even after a new ... See all stories on this topic » | ||
| Student debt is killing the economy Washington Post (blog) The paper starts by noting that student debt has grown dramatically over the last decade — some 43 percent of Americans under the age of 25 had student debt in 2012, with the average debt burden now $20,326. By contrast, back in 2003, just 25 percent ... See all stories on this topic » | ||
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| IMF: Euro-zone companies face massive 'debt overhang' Washington Post Euro-zone companies face a massive "debt overhang" that could prolong the region's downturn and risk a return to a more acute crisis, the International Monetary Fund warned Wednesday in a sobering report on risks that may be accumulating in the world ... See all stories on this topic » | ||
| Sovereign-Debt Yields Decline Across the Globe as Growth Worries Rise Wall Street Journal Fresh concerns over the health of the global economy fueled a broad price rally in sovereign-debt markets on both sides of the Atlantic. Investors switched out of U.S. and European stocks and parked their cash in developed sovereign-debt markets, many ... See all stories on this topic » | ||
| German Finance Ministry says debt to drop from 80.5 pct of GDP to 69 pct in 2017 Washington Post BERLIN — Germany's Finance Ministry says its long-term budget plan foresees the country's overall debt burden shrinking from the current 80.5 percent of its annual economic output to 69 percent by 2017. It said in a statement Wednesday the significant ... See all stories on this topic » | ||
| French Debt To Rise as Government Refuses More Austerity Wall Street Journal The wider deficits mean debt will peak at 94.3% of GDP in 2014 before falling in 2015. In his election campaign less then a year ago, French President Francois Hollande pledged to keep debt under the 90% threshold and even start reducing it this year. See all stories on this topic » | ||
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| Rising concern over local debt sparks debate in China The Hindu A number of prominent Chinese financial analysts have, in recent days, voiced renewed concern over the scale of local government debt in China, even as credit rating agencies have expressed fresh doubts about the government's ability to tackle the ... See all stories on this topic » | ||
| No single debt target for all G20 countries: Russia Reuters WASHINGTON (Reuters) - A debt-cutting proposal that the world's 20 largest economies plan to agree on later this year will have different targets for countries depending on their economic conditions, Russia's deputy finance minister said on Wednesday. See all stories on this topic » | ||
| GreenPath Debt Solutions To Offer Free Personal Finance Programs During ... Wall Street Journal As part of Money Smart Week, April 20-27, GreenPath Debt Solutions is offering several free webinars and in-person workshops to help individuals manage their credit score, learn to avoid money mistakes, and gain other personal finance skills. See all stories on this topic » | ||
| Cheapest Revenue Debt Draws Buyers Fleeing Stockton: Muni Credit Bloomberg The worst-performing part of the municipal market is drawing buyers as bankrupt Stockton, California's attempt to stick investors with a loss heightens the appeal of debt backed by revenue from services such as water and electricity. A federal judge ... See all stories on this topic » | ||
| Riksbank Sees Quicker Debt Growth After Rate Increase Postponed Businessweek The central bank now forecasts that household debt as a percentage of disposable incomes will exceed 175 percent for the first time in the third quarter and reach 177 percent in the first quarter of 2015, according to data published today. In February ... See all stories on this topic » | ||
| AM Best Assigns Debt Rating to The Hartford Financial Services Group Inc.'s ... Wall Street Journal A.M. Best Co. has assigned a debt rating of "bbb+" to the forthcoming $300 million 4.3% senior unsecured notes due 2043 of The Hartford Financial Services Group, Inc., (The Hartford) (Hartford, CT) [NYSE:HIG]. The assigned outlook is stable. The ... See all stories on this topic » | ||
| Bank of Israel Reviewing Dankner Debt Arrangement With Leumi Businessweek Israel's Supervisor of Banks will review the debt arrangements made by tycoon Nochi Dankner's Ganden Holdings Ltd. and Bank Leumi Le-Israel Ltd. (LUMI), and may include other banks, the Bank of Israel said today. The statement was made in response to ... See all stories on this topic » | ||
| Does High Debt Cause Slow Growth? New York Times (blog) In the United States, the economy started slowing sharply in 2007 and 2008 because of the financial crisis, which let's remember was caused by debts taken on by banks and the private sector, not the government. In fact, American government debt in 2008 ... See all stories on this topic » | ||
| With Debt Study's Errors Confirmed, Debate on Conclusion Goes On New York Times (blog) Both the University of Massachusetts and the Harvard authors now find that countries whose debt loads are 90 percent or more of their annual economic output tend to experience slower growth than countries whose debt loads are lighter — though the ... See all stories on this topic » | ||
| Does Public Debt Inhibit Growth? Or Do Recessions Increase Debt? (Wonky) Forbes Within the past day or so, economics conversations have been all about Rogoff and Reinhart and their critics, Herndon, Ash and Pollen. The Rogoff and Reinhart (RR) paper purported to show that countries with more debt grow more slowly than countries ... See all stories on this topic » | ||
| CEE Morning Briefing: Slovenian Debt Buy Back Part of Solution Wall Street Journal Euro-zone member Slovenia Wednesday will take fresh steps to lower its debt profile as it continues to try and quell speculation that it is the next euro-zone country in line for a potential bailout. The country's finance ministry will offer to buy ... See all stories on this topic » | ||
| Schaeuble to Press G-20 for Debt Cuts Armed With German Example Businessweek German Chancellor Angela Merkel's Cabinet backed a spending plan that will yield budget surpluses this year and next, strengthening the government's hand as it presses international partners to focus on cutting debt. Ministers meeting in Berlin today ... See all stories on this topic » | ||
| Slovenia Eases Concerns with Debt Buy Back Voice of America With investors increasingly skeptical that the small eastern European state can deal with its troubled banks on its own, the finance ministry used the proceeds to buy back a large tranche of debt maturing on June 6. The move should buy time for the ... See all stories on this topic » | ||
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| Fitch Affirms Tulare County, CA's COPs at 'A+'; Outlook Stable Wall Street Journal Unrestricted general fund balances are healthy and the county retains considerable financial flexibility. MANAGEABLE LONG-TERM LIABILITIES: Overlapping debt levels are low and outstanding direct debt amortizes rapidly. Carrying costs for debt service ... See all stories on this topic » | ||
| IMF Sees Some Corporate Debt Unsustainable in Parts of EU Businessweek As much as 20 percent of non-bank corporate debt in the weakest euro-area economies is unsustainable and may force companies to cut dividends and sell assets, dealing further blows to investor confidence, the International Monetary Fund said. See all stories on this topic » | ||
| Forex Flash: Chinese local debt catches eye of ratings agencies – Deutsche Bank FXstreet.com FXstreet.com (Barcelona) - The FT recently reported that a senior Chinese auditor and vice-chairman of China's accounting association have described the local government debt situation in the country as out of control. According to Macro Strategy ... See all stories on this topic » | ||
| Debt plan depends on lots of 'ifs' - Vancouver Courier Vancouver Courier The vision that Premier Christy Clark is aiming for is the eventual elimination of provincial debt. "Our plan starts with the jobs plan and ends with a debt-free B.C.," she said Monday, releasing the B.C. Liberals' election platform in advance of ... See all stories on this topic » | ||
| Debt and regulation are dangerous 'political kin' SILive.com Debt and regulation are, DeMuth discerns, "political kin": Both are legitimate government functions, but both are now perverted to evade democratic accountability, which is a nuisance, and transparent taxation, which is politically dangerous. Today's ... See all stories on this topic » | ||
| UPDATE 2-No single debt target for all G20 countries - Russia Reuters No 'one size fits all' debt to GDP target - deputy fin min. * Russia also says G-20 should stick to prior currency pledge. * Japan will be questioned on domestic policies. By Anna Yukhananov. WASHINGTON, April 17 (Reuters) - A debt-cutting proposal ... See all stories on this topic » | ||
| Telefonica to issue dollar-denominated debt Reuters MADRID, April 17 (Reuters) - Spanish telecoms company Telefonica plans to issue dollar-denominated debt, according to a preliminary prospectus filed to the U.S. Securities and Exchange Commission on Wednesday. Telefonica will issue five and ten-year ... See all stories on this topic » | ||
| Immucor to Host Debt Investor Conference Call on Wednesday, April 24, 2013 Wall Street Journal NORCROSS, Ga., April 17, 2013 (GLOBE NEWSWIRE) -- Immucor, Inc., a global leader in transfusion and transplantation diagnostics, today announced that it will hold a conference call with debt investors on Wednesday, April 24 at 1:00 p.m. ET to discuss ... See all stories on this topic » |
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| Should We Be Afraid of Debt Levels Above 30%? | Mother Jones By Kevin Drum I wrote a quick post yesterday about the newly published criticism of Reinhart and Rogoff's famous finding that countries with debt levels over 90 percent of GDP tend to grow very slowly. I played it for laughs as an Excel error, mostly because ... Kevin Drum Feed | Mother Jones | ||
| Chinese Auditor Warns "Out Of Control" Chinese Debt Could Spark ... By Tyler Durden "This could be even bigger than the US housing crisis," warns senior Chinese auditor Chang Ke, as his accounting firm has all but stopped signing off on bond sales by local governments (as we warned most recently here). As the FT reports, ... | ||
| 15 Warning Signs You're Addicted to Debt | YNAB By mark Most compulsive debtors will answer "yes" to at least eight of the following 15 questions. Your answers might surprise you. By the way, this survey comes from Debtors Anonymous, a 12-step organization that helps people with compulsive ... YNAB | ||
| Is Debt a Female Problem? | The Jane Dough By Sarah Devlin Colette McIntyre There are an AWFUL lot of trend pieces featuring young women racking up student and consumer debt like there's no tomorrow. Is it a trend? The Jane Dough | ||
| Chart of the day, reverse-causality edition | Felix Salmon - Reuters By Felix Salmon This chart comes from Arindrajit Dube, who has a fantastic post chez Rortybomb on whether high debt causes lower growth or whether it's the other way around. What you're looking at is the famous Reinhart-Rogoff dataset, as made available ... Felix Salmon | ||
| winterspeak.com: "Ample theoretical reasons to worry about debt..." By winterspeak "Ample theoretical reasons to worry about debt..." Rogoff and Reinhart seem to be debunked, at least somewhat, but fear not -- the result is still true! 9. There are still ample theoretical and empirical reasons to worry about debt. To name just a ... winterspeak.com | ||
| Does High Public Debt Consistently Stifle Economic Growth? By Matias Vernengo Thomas Herndon, Michael Ash and Robert Pollin show in this new paper that the studies by Carmen Reinhart and Kenneth Rogoff which correlate national debt-to-GDP ratios over 90% with sharp declines in growth are not correct. They find ... NAKED KEYNESIANISM | ||
| The Charger Bulletin » Debt Free….HA, we go to UNH! By The Charger Bulletin "If you don't have this money paid within the next two months, you will not be able to attend the University of New Haven in the fall." Not only are we all stressed about our grades with midterms coming up, but I have a hold on my financial ... The Charger Bulletin | ||
| The Irish Economy » Blog Archive » Reinhart & Rogoff: The Rejoinder By Seamus Coffey Their conclusions on public debt are represented in this chart (below the fold) from the paper, with the subsequent emphasis put on the (slightly) negative average growth rate for countries with a Debt/GDP over 90%. Herndon, Ash and Pollin ... The Irish Economy | ||
| EU debt crisis: Spain sees 'tide of squatters' in wake of foreclosures ... By Sharon Smyth, Bloomberg News In Spain, squatting has spread after lenders foreclosed on hundreds of thousands of homes since the start of the real estate crisis in 2007. Financial Post - Top Stories | ||
| You couldn't have predicted that. | Punch Debt In The Face By Ninja You know the old saying, You don't know where you're going, unless you know where you've been? I've concluded whoever came up with that phrase must have. Punch Debt In The Face | ||
| How an Excel error fueled panic over the federal debt - The daily ... By John Sinteur One of the most fearsome statistics in the war against the federal deficit has always been the country's ratio of debt to gross domestic product. When this ratio reaches 90%, the argument goes, watch out — lower economic growth is on the ... The daily irrelevant | ||
| Ryan's favorite pro-austerity study filled with 'serious errors' — MSNBC By Ned Resnikoff Economists at the University of Massachusetts Amherst are calling one of the most influential examples of the empirical research behind the push for austerity as a way to bring down the debt into question. On Monday, UM-Amherst's Political ... MSNBC | ||
| RGD provides documents to Judgement Debt Commission - Ghana ... By ekow law-and-justice The Registrar General's Department on Wednesday, produced copies of files on 10 companies out of the 17 companies that it was requested to make available to the Commission on Judgement Debt. The Commission has ... Ghana Business News |
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| MintLife Blog | Personal Finance News & Advice | Is Being Debt... Is being debt-free always a good thing? Seems like a silly question. Kind of like asking if being healthy is a good thing. Living without a lot of unmanageable debt... www.mint.com/.../is-being-debt-free-always-a-good-thing-041... |
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