Sentences with phrase «creates debt problems»

Basically what this means is that under certain kinds conditions or balance sheet structures, an adverse shock, or slowing growth, causes an explosion in contingent liabilities, most often through the banking system, and it is this explosion in contingent liabilities that creates the debt problem for the country.

Some believe that the Chinese financial system, and perhaps the shadow banking system more specifically, took a number of wrong steps, compounded by the lack of discipline among local governments, and created a debt problem.

Credit cards are essential to modern living, but they also have the potential to create debt problems for some consumers.

Not exact matches

The basic problem is that during each recession, governments increase their debt load to stimulate the economy and maintain (or even increase) services, but rarely cut back on their debt loads or services during the prosperous times — creating a long - term upward trend in indebtedness that Tony Boeckh of The Boeckh Investment Letter calls the «debt supercycle.»

Debt levels that are left unmanaged and allowed to grow exponentially would create problems.

Of course, fiscal policy also has its limits, since an excessive buildup of public debt can create its own problems for both the economy and the financial system.

In effect, European leaders have announced «We have agreed to solve our debt problem, leveraging money we do not have, to create a fund, which will then borrow several times that amount, in order to buy enormous amounts of new debt that we will need to issue.»

Will this create even larger problems to come, by making the costs of living even higher as labor and industry become even more highly debt leveraged?

Creating a bubble has been a way to solve their public debt problem — and to pay off political insiders at the same time, thereby killing two birds with one stone.

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They do this first by depicting finance and rent - seeking privilege as part of the economy's real wealth - creating process rather than as an extractive sector, and second, by, pretending that the financial problem is only a temporary liquidity problem, not a structural problem debt of debts that can't be paid — unless the government makes up the gap at the non-financial sector's expense.

The vast stimulus programme launched at the end of 2008 to counter the world financial crisis restored growth but led to wholesale misallocation of capital into wasteful projects that earn scant returns, the vast debt problem affecting companies as well as local governments, and also created soaring excess capacity in sectors such as steel production.

So the financial sector first creates a problem by loading the economy down with debt, and then «solves» it by demanding privatization sell - offs under distress conditions.

Peter Schiff points to the gigantic pile of debt that has been created over the last decade as a possible problem, especially if it is ever spent into the real economy.

By rejecting debt default as an option, they created the ultimate moral hazard problem.

The problem is typical of the neoliberal «rational market» idea that debts can not create a problem, but merely reflect asset prices that in turn reflect prospective income.

«The problem with gambling of any kind is that it creates debt,» says John Dowd, the Washington, D.C. - based attorney whose investigation of Pete Rose's gambling led to Rose's lifetime expulsion from baseball in 1989.

My worry is that this government is creating rising debt and Ghana is suffering from high rising debt and we are worried this will create problems for this country.»

But research shows that new casinos do not so much alter gamblers» destinations as create new gamblers and more gambling, with all the attendant problems of debt, addiction and crime.

Paying out with your credit card till your limit could create problems for your monthly budget and lead you to debt.

Paul's journey in «Eden» features many elements, creating a tapestry of one man's life: the inappropriate women he dates, the financial debt he piles up, family problems, drug problems, good times with friends, sweet moments with women he loves.

Hands on Banking is a free, bilingual financial education program that provides practical lessons in areas such as managing your cell phone bill, saving and paying for an education beyond high school, living on your own, including the money basics of housing and transportation; creating a budget and living within your means, buying a car, opening bank accounts, establishing, building and managing credit; and avoiding debt problems, according to Wells Fargo.

As debts pile up however, this creates a big problem, a debt cycle of using new debt to keep up with mortgage payments, car loans, student debt and ultimately living expenses.

If you feel that the prospect of this problem warrants creating an emergency fund, but you're already carrying enough debt to cover three or four transmission replacements, the sad news is this: your emergency has already begun.

Carefully consider each option to make sure you are not creating a bigger financial problem by trying to get yourself out of debt more quickly.

With the average 25 - year - old graduate leaving college with a minimum of $ 30,000 in consumer debts as well as college loans, this creates many problems.

«The big problem, even with small loans of $ 5,000 to $ 10,000, is that it creates a cycle where you're continually chipping away at debt through the year until it's paid off just in time for the next RRSP season,» he says.

It's possible that a personal loan could set you on the right path to eliminating credit card debt, but if you aren't careful, you could create more problems for yourself.

If you don't work on changing the actions that created your debt in the first place, you'll find yourself having the same problem over and over again.

When working with Golden Financial Services, you will be working with industry leaders in creating an exit strategy to your debt problem & seeing that there indeed is light at the end of this tunnel.

They purchase and collect old debt that had been previously placed with other entities but problems with accuracy and data create a situation where the data is less reliable, yet it was being used.

In the end, I decided that wiping out a 6 year old problem coupled with DH's mindset towards debt, wouldn't leave scars deep enough to avoid creating the problem again.

Even though taking out a personal loan to undergo debt consolidation is a very smart and straightforward choice, many people warn against it, arguing that it only creates more problems and debt.

Our vision is to create a society free from problem debt.

If you have too much debt, and are already experiencing credit problems, you will need to create a debt payment priority.

Debt only holds people back and creates massive problems for society.

To avoid future problems, create a written contract that includes the loan terms and interest rate, and what will happen if you can not repay the debt.

The fact that you have created a problem of excess debt is due to having the wrong attitude towards money.

Finally, consult a credit counselor to create a chart out a proper map to resolve your debt problems.

A new study shows that a growing number of borrowers are struggling to pay off these high - balance loans, which creates problems for them — and, ultimately, also taxpayers.The Challenges of Having Student LoansThe average debt load for students who...

Merryn: And this is why — this is the problem that QE for example has been designed to try and deal with, to create inflation that will deal with the debt problem and clearly it's not working.

Unsecured debt creates less stress and fewer problems for consumers because they don't stand to lose an asset if they don't repay the debt.

From mental health issues to family breakdown and homelessness, we're all affected by the large social costs that problem debt creates.

However, it can not be said that debt consolidation is a silver bullet for your debt problems because it doesn't take care of wild spending habits that go on to create debt.Moreover, it's also not a solution when you're completely submerged in debt which you can't pay off in spite of reduced payments.

The first is the position I have already stated — it took time to create the debt, it will take time to change peoples» financial habits to reduce the risk of repeating their money problems.

I don't have a problem repaying my original loan but every time my loan changes hands the next debt collector tacks on another $ 5,000 to $ 6,000 dollars which I end up not agreeing to which just creates more problems, I am in default and will not agree to the money that keeps getting tacked onto my loan and haven \» t since 2003.

This is definitely a problem if you're considering restructuring your debt; after all, you've spent all this time creating a plan and now you have to start over from scratch.

FOI laws were created to allow individuals to access public data held by the Federal Government, and since the IRS is part of that Government, you can use Freedom of Information Requests to see how they calculated your back taxes owed, how they've determined what penalties, fees, fines, and interest should apply to your debt, and look for problems that would allow you to reduce or even wipe out the money that they're demanding.

There is also the problem that higher debt ratios cause credit ratings to be lowered, creating a further rise in interest costs.

By waiting too long to file bankruptcy, you may end up putting your home and other assets at risk, needlessly draining accounts that would otherwise be protected from creditors (i.e. most retirement accounts) and creating a financial situation that did not need to be as dire if you had only pursued bankruptcy as a viable solution to your debt problems.