Sadly, statistics clearly indicate that the numbers of individuals who are retiring in
debt are on the increase, so much so that over half of those who retire are in the red.
Not exact matches
YELLOWKNIFE, Northwest Territories, May 1 (Reuters)- Bank of Canada Governor Stephen Poloz said
on Tuesday there
is good reason to believe the central bank can manage the risks of Canada's high household
debt, even as he signaled that interest rate hikes will continue,
increasing the cost of that
debt.
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should
be considered in evaluating our outlook include, but
are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses
on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced
increases in the build rates of certain aircraft; 6) the effect
on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions
on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact
on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact
on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns
on pension plan assets and the impact of future discount rate changes
on pension obligations; 17) our ability to borrow additional funds or refinance
debt, including our ability to obtain the
debt to finance the purchase price for our announced acquisition of Asco
on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that
was enacted
on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence
on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments
on defense; 25) the possibility that our cash flows and our credit facility may not
be adequate for our additional capital needs or for payment of interest
on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates
increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
YELLOWKNIFE, Northwest Territories, May 1 - Bank of Canada Governor Stephen Poloz said
on Tuesday there
is good reason to believe the central bank can manage the risks of Canada's high household
debt, even as he signaled that interest rate hikes will continue,
increasing the cost of that
debt.
Just as alarming
is that interest
on this
debt is increasing at an annual rate of 5 %, outpacing spending
increases on every other budget item.
Mortgages aren't the only
debt Canadians
are saddled with, however, and the rates
on credit cards, car loans, and home equity lines of credit could tick up as well, further
increasing a household's overall carrying costs.
Although there may not
be a bond bubble, with investors starved for yield, Gundlach predicts a potential bubble could form in credit risk as investors
increase their leverage
on riskier
debt securities like junk bonds and emerging market
debt.
The
increase in average student
debt, moreover, comes
on the heels of news that college students don't really learn anything and the opinions of pundits like James Altucher that college
is just a huge waste of time and money.
The «answer»
was to financialize the U.S. economy with vast
increases in credit,
debt and leverage, enabling a hyper - consumerist economy built
on a pyramid of
debt and leverage.
With the scandal set to hurt profits and as funding costs climb, the
debt load will likely
increase beyond 5 times Ebitda, Mizuho Securities USA said Thursday in a note to clients, adding its internal credit rating
on BRF
is now three steps below investment grade.
«Despite the
increase in
debt, the Whole Foods acquisition
is an immediate credit positive for the company
on a variety of fronts,» Moody's analyst Charlie O'Shea said in a report Monday, revising Amazon's outlook to positive from stable.
By
increasing the amount of credit that
's available
on your credit cards while working to reduce your
debt, you will improve your credit utilization and help to
increase your credit scores.
Despite ever -
increasing amounts of scholarship aid, MBA grads
are pouring
on student
debt at levels never seen before.
On the current economic climate and the government's plans to
increase the deficit, Munger said, «Of course I
'm concerned about the rising level of government
debt.
Longer - term financing contracts, and the resulting
increase in consumer
debt, also meant more owners
were «underwater» — that
is, they owed more
on their loans than their cars
were worth.
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: Taking on debt raises risk: Interest charges increase your company's break - even level, there's the possibility of foreclosure if the lender can't be paid, and principal and interest payments soak up cash flow that could be used in stressful ti
Debt: Taking
on debt raises risk: Interest charges increase your company's break - even level, there's the possibility of foreclosure if the lender can't be paid, and principal and interest payments soak up cash flow that could be used in stressful ti
debt raises risk: Interest charges
increase your company
's break - even level, there
's the possibility of foreclosure if the lender can't
be paid, and principal and interest payments soak up cash flow that could
be used in stressful times.
April 23 (Reuters)- Barrick Gold Corp reported a slightly better than expected
increase in first - quarter adjusted profit
on Monday and said it
was done selling assets to cut
debt and would instead use funds from any future sales to boost growth or pay dividends.
OTTAWA — Household
debt in Canada hit a new all - time high in the just completed third quarter, but the tiny
increase from the previous quarter suggests Canadians
are reaching their limit
on borrowing.
IMF Managing Director Christine Lagarde said she
's «delighted» that U.S. Treasury Secretary Steve Mnuchin wants her organization to
increase transparency
on trade imbalances and
debt sustainability.
IMF Managing Director Christine Lagarde said she
's «delighted» that U.S. Treasury Secretary Steve Mnuchin wants her organization to
increase transparency
on trade imbalances and
debt sustainability in countries like China, an effort she said
is already underway.
And, after two years of extreme sacrifice and taking
on as many freelance projects as he could to
increase his revenue to six figures, Kapetaneas
was completely
debt - free.
While consumer cards
are governed by the CARD Act, which prevents issuers from
increasing interest rates
on existing
debt unless an accountholder
is at least 60 days delinquent, issuers can arbitrarily jack up business card rates whenever the mood strikes them.
One thing I think that
is happening here
is a perception that deep troubles will follow an
increase in the prime rate based
on the raw amount of
debt held by the US Government.
Examples of such projects providing marginal benefits
are: improving financial reporting systems through better information technology, minor tweaks to supply chain logistics, cutting back
on marketing or
increasing low - cost advertising (like social media), «rationalization» of head count, holding average wages as low as possible, squeezing suppliers a little bit, not repatriating earnings to stave off taxation, refinancing rather than retiring
debts, and the share buyback that
is insensitive to a company's current stock price.
The amount of
debt that
is projected under the extended baseline would reduce national saving and income in the long term;
increase the government's interest costs, putting more pressure
on the rest of the budget; limit lawmakers» ability to respond to unforeseen events; and
increase the likelihood of a fiscal crisis, an occurrence in which investors become unwilling to finance a government's borrowing unless they
are compensated with very high interest rates.
As Scotiabank mentioned in a note last week: «Higher interest rates
are going to make the burden of refinancing the
debt considerably heavier, and as more money goes into servicing the
debt, it means less money
is available to spend
on other things, which could lead to less infrastructure spending and
increased austerity.»
Further, according to BofA - Merrill's analyst team at a midyear press conference
on Wednesday in New York, any positive budgetary effect of the tax
increases would
be overshadowed by the growing burden of the U.S.
debt ceiling as spending and hiring decisions
are put
on hold and the election heightens partisanship.
«Since June 2010, Gross has
been reducing the $ 245 billion fund's vulnerability to interest - rate swings and
increasing its reliance
on credit quality by shifting from Treasuries to corporate and non-U.S. sovereign
debt, a strategy that backfired last month,» according to Bloomberg.
It also appears that the ECB will concentrate
on reducing its purchases of government (rather than corporate) bonds, but here issuance
is increasing, with the net amount of eurozone government
debt set to expand in 2018, in contrast to the contraction seen over the previous 18 months.
However, it
's a low - cost way to
increase your life insurance coverage if you
're a young parent or have significant
debt that would
be passed
on to others, such as small business loans.
The IMF added that if growth
was lower than expected or if the Greek government failed to meet targets for running a surplus
on its budget excluding interest payments, there would
be «significant
increases in
debt and gross financing needs».
And while student loans
are generally a good investment based
on increased income potential in your lifetime, along with some deductions, it
's not good
debt to keep around.
There
were modest
increases in mortgage, auto and credit card
debt (
increasing by 0.7 %, 2 % and 2.6 % respectively), no change to student loan
debt and a modest decline in balances
on home equity lines of credit (decreasing by 0.9 %).
On the other hand, there has
been a trend
increase in the share of emerging Asian economies» sovereign
debt that
is held by foreigners (right hand side).
Without a massive transfer of wealth from the state sector to the household sector it will
be impossible, I would argue, for GDP growth rates of anything above 3 - 4 % — and perhaps even less — to occur without a further unsustainable
increase in
debt, whether that
increase occurs inside or outside the formal banking system and whether or not discipline has
been imposed
on borrowers.
The reason for this very difficult tradeoff
is that economic activity in China has become during the past two decades overly reliant
on unsustainably large
increases in
debt, and any moderation in credit growth will very rapidly cause unemployment to surge.
A dynamic
is put in place in which
debt keeps labor down — not only by eating up its wages in
debt service, but in making workers suffer sharp
increases in the interest rates they have to pay or even risk losing their homes if they miss a payment by going
on strike or
being fired.
The second
is simply to
increase balance - sheet
debt without necessarily spending
on current output.
There
are many other ways of allocating a significant portion of the
debt - servicing cost to unwilling agents in the economic equivalent of
debt forgiveness: to creditors when
debt is repudiated, to workers when wages
are suppressed in order to
increase net revenues for
debt servicing, to small business owners when assets
are expropriated to pay down
debt, and so
on.
«Our committee has
been focused
on seeing the government return to pre-2009 / 10
debt - to - GDP levels, not
increasing taxes for businesses, and controlling spending,» said George Kondopulos, Tax Partner at KPMG LLP and volunteer Chair of The Vancouver Board of Trade's Government Budget and Finance Committee.
Because some of them historically taken
on very little
debt and have offered
increased dividends, royalty companies may
be an attractive option for precious metals investors.
This
increase will
be driven by
increasing costs for Social Security, health care, and interest
on the
debt combined with insufficient revenue.
The
increasing focus
on operating earnings encourages investors to ignore
debt and bad investments until it
's too late.
They can only
be made consistent if Washington also unleashes an infrastructure building program, a policy initiative consistent with either of the other two,
on a truly heroic scale — which, as an aside, I suspect would
be a smart strategy under any circumstances as American infrastructure needs
are so great that the consequent productivity
increases would fully service the associated
debt long before they stopped adding value to the economy.
Netflix's plan to spend $ 8 billion
on 700 pieces of original content this year
is drastically
increasing its negative cash flow and
debt load, worrying analysts.
Second, even if the bank did not own SIV
debt, the use of the back - stop facility by the SIV meant that the leverage ratio of the sponsoring bank
was suddenly
increasing - even if the bank did not consolidate the SIV
on its balance sheet at the time.
In 2016, due to a mounting
debt in funding of the athletic program, the university polled its students
on whether or not they would approve an
increase in tuition which would
be necessary to maintain the athletic program.
The moment you take
on debt you
are increasing your monthly payments and impacting your cashflows.
I remember when I
was a young lad, the talk
on the Sunday morning circuit
was that Ronald Reagan added $ 1.86 trillion to the
debt over eight years, a 186 %
increase from the $ 999 billion
debt at the end of Carter's last budget.