For nearly a decade, ultra-low interest rates meant the historic and natural relationship
between debt accumulation and default rates broke down, generating sustained low volatility in both credit and equity markets.
For nearly a decade, ultra-low interest rates meant the historic and natural relationship
between debt accumulation and default rates broke down, generating sustained low volatility in both credit and equity markets.
Not exact matches
The paper finds that there is an intimate relationship
between the monetary / fiscal policy mix and the dynamics of both private sector and public sector
debt accumulation.
The downgrade was based partly on the view that the agreement
between Congress and the President fell far short of the $ 4.0 trillion needed to stabilize the
debt - to - GDP ratio within ten years, and partly on the view that the President and Congress were, and will be, unable to come to any sensible policy plan to support job creation in the short term and control
debt accumulation in the longer term.
Establishing an emergency fund provides an extra layer of protection
between you and the
accumulation of more
debt when unexpected financial costs rear their ugly head.