Sentences with phrase «are nominal as»

Fees for taking loans are nominal as opposed to the considerable closing costs that can accrue from obtaining mortgages and equity lines of credit or other bank funded loans.

Not exact matches

It's less expensive than buying separate policies, and insurers usually throw in other coverage, such as business interruption (see below), for a nominal cost.

In many cases, acceleration should lower their costs, as nominal interest rates will likely be higher two years from now than they are today, and idle construction crews in Alberta are relatively abundant.

Finally, as I have noted a number of times before, my biggest fear about the next recession is that it leads to actual wage deflation (nominal as well as real):

«As a tax cut gets closer to passage (and assuming it is passed), the potential tailwind to earnings and nominal growth is likely to drive incremental fund flows into US equities,» Parker said.

If real GDP were to increase at 10.3 % instead of 2.5 % in 2015, then the government should receive, at a minimum, an extra $ 6.6 billion in tax revenue thanks to economic growth (this calculation assumes that nominal GDP grows at the same proportion as real GDP; it is more likely that nominal GDP would rise even higher as such quick economic growth would be inflationary, pushing that $ 6.6 billion figure even higher).

At Berkshire Hathaway (BRKA) we take a more demanding approach, defining investing as the transfer to others of purchasing power now with the reasoned expectation of receiving more purchasing power — after taxes have been paid on nominal gains — in the future.

Growth in several tax revenue sources, such as volume - based fuel and gasoline taxes, is more closely aligned to the real economy (that is, real GDP) than the nominal economy.

The decline in nominal GDP is about twice as large over the medium term than that used in the Government's latest Update.

As a result, compared to the March 2012 Budget planning assumption, the level of nominal GDP is $ 9 billion lower in 2012 — this consists of a «risk adjustment factor» of $ 7 billion and the difference between the change in the private sector average forecast of $ 22 billion less the March 2012 Budget «risk adjustment factor» of $ 20 billion.

Unfortunately, budget forecasts do not provide a breakdown of the various components of nominal GDP, such as wages and salaries, corporate profits, interest income, etc., so it is difficult to properly assess the impact of changes in the economic forecast to changes in the major components of budgetary revenues.

I use the term «forecast» somewhat loosely, since these are conditioned on a range of assumptions, such as a fixed nominal exchange rate and a particular path for the cash rate, and hence could better be described as «projections».

The worldwide nominal value — also known as the notional or «face» value — of derivatives tripled in the five years leading up to the recession, at which time it was around $ 600 trillion, according to the Bank for International Settlements.

Finally, while there is certainly a risk that bonds deliver lousy returns going forward, I view the chances of significant nominal drawdowns as pretty far down the list of concerns, regardless of what the Fed does.

Phaseouts that are not adjusted for inflation affect more taxpayers over time, as inflation raises nominal incomes and thus lifts more taxpayers above the phaseout thresholds.

As long as this government debt is rolled over continuously at non-repressed interest rates, which will be low as nominal GDP growth drops, China can rebalance the economy without a collapse in growtAs long as this government debt is rolled over continuously at non-repressed interest rates, which will be low as nominal GDP growth drops, China can rebalance the economy without a collapse in growtas this government debt is rolled over continuously at non-repressed interest rates, which will be low as nominal GDP growth drops, China can rebalance the economy without a collapse in growtas nominal GDP growth drops, China can rebalance the economy without a collapse in growth.

Even as the ten - year yield soared to 15 % in 1981, the nominal drawdown was just 16 %.

There are so many reasons why this is wrong (to list just the most obvious, poor countries have much lower debt thresholds than rich countries, Japanese debt can not possibly be dismissed as not being a problem, and because it is almost impossible to find an economist who understands the relationship between nominal interest rates and implicit amortization, Japanese government debt has probably only been manageable to date because GDP growth close to zero has permitted interest rates close to zero) and yet inane comparisons between China's debt burden and Japan's debt burden are made all the time.

This willingness to let inflation «run hot» means even as nominal rates rise, real rates — that is, the nominal interest rate minus inflation — are headed into negative territory.

Debt, in this case, must be rising faster than debt servicing capacity, in which case Beijing's true debt level is not the nominal debt level but rather the nominal debt level plus estimates of contingent liabilities likely to rise as a consequence of wasted investment.

Chair Yellen has consistently maintained that as long as nominal wages grow no faster than the Fed's inflation target of 2 percent plus productivity growth, which is running at (a truly yucky) 1 percent these days, wages can grow 3 percent without generating inflationary pressures.

Different wage series show different trends, but if you mash them together, as is my wont, you find that the tightening job market has, in fact, given workers a bit more bargaining clout and nominal wage growth basically moved up from 2 to 2.5 percent.

In September 2013, the Company entered into a common stock purchase agreement with an affiliate of AT&T covering the sale and issuance of 780,539 shares of the Company's stock for a nominal amount of consideration (AT&T is listed as Customer E in Note 2).

While there are some signs of recognition such as the Fed's reduction in its estimated neutral rate from 4.5 percent to 3.0 percent during the last 2 years, the IMF's explicit use of the term secular stagnation in its World Economic Outlook, ECB president Mario Draghi's call for global coordination and greater use of fiscal policy, and Japan's indicated interest in fiscal - monetary cooperation, policymakers still have not made sufficiently radical adjustments in their world view to reflect this new reality of a world where generating adequate nominal GDP growth is likely to be the primary macroeconomic policy challenge for the next decade.

The way this is done is by holding nominal spending constant: its share of GDP declines as GDP increases:

These include the problem of public communication, where the public is likely to be more understanding of inflation than the more nebulous concept of nominal growth, as well as the problem that nominal income is often subject to sizeable revision by the statistical agency.

I think we will get some version of the so - called penny plan to reduce spending as well (penny plan = hold flat nominal discretionary spending, or reduce it or 1 % each year until the budget is balanced).

This does appear overly optimistic, as nominal gross domestic product (GDP)-- adjusted for the risk adjustment factor - is only expected to increase by only 3.3 %.

As a result, the average of the private sector economists» forecast for nominal GDP has been adjusted downwards by $ 20 billion per year, identical to what was done in the November 2012 Update.

As you can see, there was nominal growth for both brick / mortar and online retailers.

These three categories are responsible for 83 percent of nominal spending growth over the next decade and 150 percent of spending growth as a share of GDP (with other budget categories shrinking).

As you can see, since 1994 the growth in nominal retail sales on a year over year basis has been in a downtrend, while the level of consumer credit outstanding as been in a steady uptrenAs you can see, since 1994 the growth in nominal retail sales on a year over year basis has been in a downtrend, while the level of consumer credit outstanding as been in a steady uptrenas been in a steady uptrend.

Everyone agreed that debt in China is still growing far too quickly relative to the country's debt - servicing capacity, but the pace of credit growth seems to have declined in 2017, even as real GDP growth held steady and, more importantly, nominal GDP growth increased.

Even as transfer payments continued to grow with GDP, nominal direct program expenditures — mainly spending on public - service wages — have either declined or been held constant.

Here are two overlays — one with the nominal price, excluding dividends, and the other with the price adjusted for inflation based on the Consumer Price Index for Urban Consumers (which is usually just referred to as the CPI).

While the Budget Stabilization Fund serves as Illinois» nominal «rainy day» reserve, sufficient funds have yet to be allocated.

In contrast, medium - term inflation expectations implied by financial market prices, which are calculated as the difference between nominal and indexed bond yields, have been broadly stable at around 2.6 per cent over the past nine months.

«Nominal EERs are calculated as geometric weighted averages of bilateral exchange rates.

BIS says: «Nominal EERs are calculated as geometric weighted averages of bilateral exchange rates.

Instead, as coupons and maturity payments are linked to inflation, index - linked gilt prices are instead driven much more by changes to inflation expectations, and also the complex interaction between nominal interest rates and those inflation expectations (real interest rates).

In his article «The Age of Secular Stagnation,» Larry Summers argued that excess of saving over investment is acting as a drag on demand to weigh on growth and inflation, and current monetary stimulus should be expanded to accelerate investments and pull demand forward, such as raising the inflation target or to conduct nominal GDP targeting.

Chart 5 shows just how important US versus Canadian nominal yields are as a driver of the currency.

As nominal GDP is the underlying tax base for budgetary revenues, this would suggest a marginal improvement in the fiscal forecast throughout the entire period, all other things remaining equal.

As a result, the average of the private sector economists» forecasts for nominal GDP has been adjusted downwards by $ 20 billion per year.

@James — I think central banks are backing away from negative * nominal * rates, personally, as I mention above.

Theoretically, the impact of higher nominal rates and inflation on corporate earnings is ambiguous as multiple transmission channels can work in opposing directions.

So it is surprising that the adjustments to nominal GDP decline over the medium term rather than increase as one would expect.

Our model indicates that going forward, long - term yields will likely be subject to three upward pressures: (1) Our forecasted increase in inflation will boost nominal GDP growth; (2) As forward guidance is replaced by a data - dependent monetary tightening, volatility in short rates will increase; and (3) As the impact of QE on the Treasury market fades, long - term yields will trend back to their historical link with nominal GDP growth.

The current valuation of the S&P 500 is lofty by almost any measure, both for the aggregate market as well as the median stock: (1) The P / E ratio; (2) the current P / E expansion cycle; (3) EV / Sales; (4) EV / EBITDA; (5) Free Cash Flow yield; (6) Price / Book as well as the ROE and P / B relationship; and compared with the levels of (6) inflation; (7) nominal 10 - year Treasury yields; and (8) real interest rates.

There is no firm benchmark as to what constitutes a «normal» relationship between credit growth and nominal GDP growth.