Sentences with phrase «debt piled on»

Given the inevitable rise in interest rates over the next 30 years the debt we pile on future generations is going to be much greater than it appears in an extremely low interest rate environment.

Not exact matches

Prices had doubled in a short period, households were piling on debt and the market showed no signs of slowing down.
Greece and its creditors appear to be one step closer to reaching a final agreement on the restructuring of the country's huge debt pile, according to Eurogroup President Mario Centeno.
Canadians ignored warnings from policymakers about piling on debt for years because low interest rates were too enticing.
Greece needs to fully complete its current bailout program before the country receives any relief on its huge debt pile, the new Eurogroup president told CNBC.
The Greek government believes a deal with international creditors on its current debt pile is just around the corner.
Beijing and the World Bank officially claim China's government debt remains very manageable, at less than 20 % of GDP — far below levels in the industrial world — but the truth is, local governments are piling on new debt at a staggering pace.
China is engaged in an elaborate shell game to hide a mountain of bad debts piling up on the balance sheets of its banks, developers and state - owned enterprises.
But that pain today would arguably be less severe than if rates go up years from now, when households have piled on even more debt.
There is no precedent in the euro zone to address the debt pile of a bailed - out county and that's why discussions on Greece's debt are taking so long, the Luxembourg finance minister told CNBC.
He might simply keep piling on more debt.
Buffett, on his part, has disdained private equity's method of investing, which often adds value to a company by piling on debt, and slashing expenses before turning it back on the market.
Or it may be forced to pile on the debt, hurting current bondholders.
Given the softening economy in the latter half of last year and first months of 2013, Finance Minister Jim Flaherty's target of getting back to balance by 2015 — after piling up $ 172 billion in debt in eight years — will depend on three assumptions all coming to good.
My wife and I lived in a pile of junk on a beautiful property for a dozen years before we were debt free and had the cash to tear it down and build our dream home.
The Bank of Canada, for one, has carefully assessed the economic risks of consumer debt in order to determine how quickly it can raise interest rates without piling on too many debt - servicing costs for over-stretched households.
Of course, a return to normal levels of business engagement would be welcome after years of relying on consumers piling on debt to power the economy.
The internet is full of calculators for figuring the maximum mortgage and most expensive house you can get, but the housing crash was hardest on owners who had piled up maximum debt.
While Musk has said the combined company will save $ 150 million, analysts are worried that SolarCity's financials will pile on debt and losses on top of Tesla's already cash - hungry business.
There is no precedent in the euro zone to address the debt pile of a bailed - out county and that's why the discussions on Greek debt are taking so long, the Luxembourg finance minister told CNBC.
(Reuters)- Remington Outdoor Company Inc, one of the largest U.S. makers of firearms, is working with investment bank Lazard Ltd (LAZ.N) on options to restructure its $ 950 million debt pile, people familiar with the matter said on Friday.
Emerging - market companies have piled on debt in recent years, allured by low interest rates from yield - starved investors.
The share of a large car manufacturer, for example, may trade on a low P / E ratio, and have a great Dividend Yield, but if it has a pile of debt repayable next year then the low share price might be valid.
With free cash flow weak, Arcelor has resorted to piling a lot of debt on its books — about $ 12.1 billion net of cash, which makes its stock look even more expensive to me.
Taking on Mr. Trump on Monday, she warned that «what little we know of his economic policies» consisted of piling up debt, leading the country into trade wars and letting Wall Street run amok, with potentially devastating consequences.
He has produced a deep treatise on government debt, served as chairman of a world - spanning regulatory body, run Italy's central bank (while remaining coolly removed from the scandals and fracases of Italian politics) and made a pile of money working at Goldman Sachs — all without being pigeonholed as an academic, regulator or investment banker.
The budget highlights the huge imbalances created by five years of economic crisis: Spain will set aside $ 36.6 billion ($ 49.5 billion) to service its fast - rising pile of public debt, $ 2 billion more than it will spend on the 13 government ministries.
Credit default swaps on Saudi Arabian debt have ballooned, and Dubai's debt pile, estimated to have reached $ 130 billion at the end of 2015 by the Institute of International Finance, is once again garnering the attention of distressed debt investors.
These low rates have encouraged investors in recent months to pile on risk, taking U.S. equities markets to record highs earlier this year despite an economy that's still being slowed by relatively high unemployment, huge debt levels, and tighter government spending.
U.S. corporate debtpiled on by both strong and weak hands — sits at an all - time high of $ 13.7 trillion.
If you continue to pile on debt even as you're digging your way out, it may be time to revisit the budget with a ruthless mentality.
We're now left with a huge amount of debt and it keeps on piling up.
The problem with Apple's «cash pile» is that most of it is not actually «cash» nor «on hand,» and it doesn't take into account Apple's debt.
But it turns out that Obama's policies have not worked, depressing business, jobs, and piling on more and more debt.
It's not that dance companies are in a destructive situation in which they pile up debt they can't get out of; it's the combination of financial and cultural issues that is wreaking so much havoc on the industry.
And as the wins piled up, so did the debt on the baseball side.
So we are no longer piling state - owned debts on the public debts.
The last few days have been wonderful to watch, as the newly minted Republican Majority in the U.S. House of Representatives stood up to Barack Obama and his unending desire to pile mountains of debt on future generations.
It might, but only because we shoppers will reach for our flexible friends, piling the pounds on our credit cards, racking up more debt that will have to be paid back over time.
Later on, we found some extra GHc 2 million debt somewhere and it has been piling up since,» Mr. Ramadan added.
«Jobs and young people are fleeing New York because of the taxes and debt these politicians have piled on us,» Linden said.
Konni Burton understands state government needs to steer clear of piling more debt on future generations of Texans because she knows «borrow and spend» is just as bad as «tax and spend.»
But given no one knows how much time China has before its debt pile up, industrial overcapacity, environmental degradation and social tensions prove hard to control, erring too much on the safe side may be risky too.
Debt piled up and weight piled on.
LAUSD officials added that giving the union everything it is asking for would pile another $ 800 million of debt on the district.
Don't let the debt keep piling up on you.
With debts piling up, many in this financial situation find themselves making late payments, becoming delinquent on accounts, opening new lines of credit, etc... This can cause a mud slide of credit ruin.
For most of my adult life, I was and am still dealing with student loan debt, so I wasn't too keen on the idea of credit cards and adding more debt to the pile.
I had such student loan debt that I couldn't do anything because the debt kept adding so much interest that it just kept piling on.
Personally, I'm not a credit card «hater», but I'm certainly a debt hater — especially of the kind of debt that piles on over time and makes you lose control of your finances.
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