Sentences with phrase «debt binge»
The phrase "debt binge" refers to a situation where someone or a group of people borrow a lot of money without thinking about the consequences. It means they are taking on large amounts of debt quickly and continuously, often without the ability to pay it back properly in the future. Full definition
Double the Deficit: After an unprecedented debt binge by Congress, the dust has settled and we estimate that 55 percent of next year's deficit will be a result of legislation passed since 2015 — mostly last year's tax cuts and this year's bipartisan spending deal.
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As a licensed insolvency trustee firm, our practice is on the front lines of Canada's household debt binge and the bad personal finance habits that ensnare so many people.
There are certainly risks to China's growth outlook, including the country's recent debt binge.
The reason: The multi-decade debt binge, which supported household consumption prior to the financial crisis, has now come to an end.
While this recovery is now relatively old, the good news is that sluggish growth has led to few imbalances, such as an inventory buildup, excess capital spending or a consumer debt binge.
The post-2008 dollar debt binge also taught emerging markets corporate finance managers a stern lesson in the risks of currency mismatches, especially when borrowing in a currency that seems weak.
[5] Norway's booming housing markets and cheap interest rates are encouraging households to engage in a typical bubble - style debt binge as private debt burdens are estimated to grow to about 204 percent of disposable incomes in 2012.
The central bank debt bonanza that saved the western financial system was successful at propping up asset values, but it also led to an another enormous debt binge.
The good news is that the wealth of Canadians has grown during the current debt binge, with national net worth increasing by 2.3 % in the fourth quarter.
As a licensed insolvency trustee firm, our practice is on the front lines of Canada's household debt binge and the bad personal finance habits that ensnare so many people.
But now we're seeing the consequences of that debt binge
That is a question no - one seems to be asking in the debate over solar - power subsidies, or the bigger question of who pays for the state government's debt binge.
Today, China is paying a heavy price for its debt binge.
Driven by a debt binge by the E&P space, which was enabled by the central bank policy, the U.S. oil industry was able to achieve record oil production.
Conventional wisdom pins the blame for this debt binge on credit card - addicted youngsters.
Granted, the Federal Reserve may soon determine that the debt binges of foreign developed nations, emerging market countries, global corporations and U.S. energy companies threaten the stability of the global financial system... again.
This time, auto and student loans are fuelling the debt binge.
It seems like the whole world has been on a debt binge that continues to this day.