The government debt, the household sector debt, the corporate debt,
financial sector debt, all debt.
We have government debt, corporate debt, and a much larger Fed balance sheet (which, some people argue, drove bond buying by the public), but those are offset by a significant deleveraging in household and
financial sector debt.
«While China's total debt growth slowed notably in 2017 with a drop in the non-financial corporate debt - to - GDP ratio largely offset by rising household and
financial sector debt,» the group said.
Not exact matches
All
sectors recorded an increase in
debt loading from the end of 2016, lifting by $ 4.5 trillion, $ 6.5 trillion, $ 4.5 trillion and $ 5.5 trillion respectively for households, non-
financial corporates, governments and the
financial sector.
The first part of the suggestion comprises of obliging the
financial sector to write off a certain (not huge) amount of their bad
debt, while also driving down the costs of doing business a little more at the same time.
Comments: «We are entering the fifth year post «The Great Contraction» with considerable progress made in deleveraging the
financial and household
sectors; however, the most complex stage - stabilizing public
sector debt - remains a formidable challenge.
The eurozone's recovery from the sovereign
debt crisis has been about improving situations in the economic bloc's peripheral economies like Italy and Portugal, and this new batch of uncertainty in Portugal's
financial sector is not sitting well with investors.
In reprimanding the
financial sector, Flaherty again warned of risky household
debt accumulation.
Over the last few years, China's
debt - to - GDP has ballooned to more than 300 percent from 160 percent a decade ago, causing many people, including Chinese officials, to warn of a
financial -
sector debt bubble that's waiting to burst.
They seem to be «blissfully» unaware of the huge and growing
financial liability implied by public -
sector debt loads.
Local governments were identified as a major risk to China's
financial stability, partly due to their lending from the «shadow banking»
sector and
debt accumulated over the past years to upgrade infrastructure across the country.
There was also the charge that the jubilee further legitimized the
debt system by taking money from the 99 % and giving it back to
financial sector.
His comments come after the IMF in October said that Canada's high
debt levels, and higher - than - average pressure on Canadian households» ability to pay down that
debt in the private non-
financial sector, leaves its economy more sensitive to tighter
financial conditions and weaker economic activity.
The central bank noted in its statement that «
financial vulnerabilities in the household
sector continue to edge higher,» which is the Governing Council's way of saying that ultra-low borrowing costs continue to put upward pressure on asset prices and personal
debt.
The third reason she noted was that there was a build - up of «potentially serious
financial sector vulnerabilities» and that there had been a «troubling» increase in
debt across many countries.
This finding points to the need for a coherent framework for weighing the relative
financial and macroeconomic consequences of accumulating public
sector versus private
sector debt.
In the Doug Purvis Memorial Lecture, Governor Stephen S. Poloz shows how changing the mix of monetary and fiscal policies can yield the same outcomes for growth and inflation, but lead to different results for public
sector and private
sector debt levels, which can impact
financial stability.
The effect of transfer payments to the
financial sector — as well as the $ 5.3 trillion increase in U.S. Treasury
debt from taking Fannie Mae and Freddie Mac onto the public balance sheet — is to support asset prices (above all those of the banking system), not inflate commodity prices and wages.
Current macroeconomics ignores the roles that rent,
debt and the
financial sector play in shaping our economy.
The pitfalls of this
financial dynamic were not apparent in the early years after World War II, largely because economies emerged with their private
sectors free of
debt.
I treat the
financial sector and
debt as an economic overhead, so my focus is on how society can deal with the
debt and to explain why society can not recover from the current depression until it writes down the
debts to what can be paid.
The
financial sector accordingly aims to shift taxes off its major customers (real estate and monopolies) so as to leave more revenue «free» to be capitalized into bank loans and paid out as
debt service.
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.
Their idea of «normal» leaves out of account the fact that this
financial sector has gotten rich by loading down the economy with
debt —
debt that is beyond the ability to be paid, resulting in Negative Equity.
In other words, people have to pay either so much
debt or they have to have forced saving, like pension fund saving, that the economy is shrunk for
financial reasons, for putting more and more of its money out of the real economy of goods and services into the
financial sector.
In contrast to banks and other
financial corporations, the non-
financial sector's foreign currency liabilities have risen since 2009, consistent with an increase in borrowings in foreign
debt markets by larger corporations (particularly in the mining
sector).
To paraphrase Charles Baudelaire's quip that the devil wins at the point where the public comes to believe that he doesn't exist, the
financial sector's lobbying effort wins at the point where people believe that running into
debt contributes to economic growth rather than burdens it, and that they will end up richer by acting as bank customers.
If there is any planning to be done with regard to the banking and
financial system, the central issue of mathematical economics as applied to the
financial sector should focus on how economies should cope with the tendency for
debts to mount up until a crisis erupts?
They have been tricked into leading the parade on behalf of the
financial, insurance and real estate
sector — down the road to
debt peonage in a monopolized and polarized economy.
They are to pay for their rising
debt service not by taxing the population, but by selling public assets to the
financial, insurance and real estate (FIRE)
sectors — the very
sectors which are receiving the growing interest payments on the national
debts resulting from lowering taxes on wealth.
The only silver lining I can see is that perception will spread that the
financial sector is an intrusive dynamic subjecting the economy to
debt deflation.
Yet Mr. Obama's Deficit Reduction Commission is restricting its removal of tax favoritism for
debt leveraging only for middle class homeowners, not for the
financial sector across the board.
Of course
debt growing faster than
debt - servicing capacity is unsustainable, so we will set as our first
financial sector target the point at which the two grow in line with each other.
Unless China is able, very improbably as I have argued, to reform the
financial sector deeply enough and quickly enough, the cost of a more competitive (i.e. more highly subsidized) export
sector is ultimately a rise in the
debt burden, unless of course Beijing is willing to tolerate higher unemployment or to implement greater wealth transfers from the state to the household
sector.
Credit is growing more slowly than it has in the past but not because the
financial system has become more efficient but simply because
debt levels have become too high, causing regulators to force down the growth in credit without seriously improving the efficiency of the
financial sector.
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.
The U.S.
financial sector found this appealing as long as consumption was financed by running into
debt, not by workers earning more money or paying lower taxes.
WASHINGTON — The International Monetary Fund today sounded the alarm on excessive global borrowing, warning that with a total of $ 164 trillion owed, the world's public and private
sectors are deeper in
debt than at the height of the
financial crisis a decade ago.
Willingness to Pay (30 %) gauges how able and willing a country is to pay off its
debt, while
Financial Sector Health (10 %) measures how healthy a country's financial s
Financial Sector Health (10 %) measures how healthy a country's
financial s
financial sector is.
The central bank's latest overhaul means it is less likely to run short of
debt to buy, and eases the
financial sector's pain.
As Adair Turner shows in his new book, Between
Debt and the Devil, private sector debt soared as a share of GDP in most advanced economies after the 1980s, fuelling unproductive, debt financed household consumption, housing bubbles and wasteful financial speculat
Debt and the Devil, private
sector debt soared as a share of GDP in most advanced economies after the 1980s, fuelling unproductive, debt financed household consumption, housing bubbles and wasteful financial speculat
debt soared as a share of GDP in most advanced economies after the 1980s, fuelling unproductive,
debt financed household consumption, housing bubbles and wasteful financial speculat
debt financed household consumption, housing bubbles and wasteful
financial speculation.
It shows changes in corporate leverage, household leverage,
financials sector (banks) leverage, and government
debt.
I actually think something else is going on here — rather than talking about regulating the
financial sector, the government and the Bank are signaling that they are willing to provide lender - of - last - resort assurances to those who sell or engage in derivative
financial products, of which the asset - back mortgage and commercial
debt are but two examples.
And so in terms of
financial repression, perhaps the one key
sector that we need to look at is student loan
debt because so many millennials are carrying student loan
debt, and you know a small student loan
debt is like $ 25,000 - $ 30,000 if someone can escape with a bachelor's diploma and only have $ 30,000 in
debt they're considered to have done quite well, but when you think about it that's a pretty large
debt for somebody who doesn't even have a full - time job yet.
Policy tightening has mainly targeted the «shadow»
financial sector, smaller banks and non-bank lenders, which hold
debt more than twice the economy's size.
That competence isn't really lost, only your government has encouraged the creation of a vast
financial services
sector focused on the creation of toxic
debt instruments linked to the real estate bubble that was itself a result of the credit expansion.
The Spanish
financial sector will benefit from a rating upgrade of the sovereign
debt which could lead to a credit upgrade of the banks as well.
These forces included the decline in the consumer saving rate and jump in consumer
debt, the vast leveraging of the
financial sector, increasingly freer trade and loose
financial regulation, all of which are now being reversed.
With massive and increasing structural deficits; exploding
debt in all
sectors; hostile demographics; social and political fracturing and disintegration; grotesque wealth inequality; extraordinary global trade competition; a complete collapse of respect for vital government organizations such as the Justice Department and FBI, which the people now realize have gone rogue; an extremely complex and corrosive global geopolitical environment; the real prospect of war, potentially nuclear and worldwide; not to mention numerous additional factors, we can only point to few other times in history more dangerous to the people's
financial welfare, and therefore more overall bullish for gold, one of the only
financial sanctuaries proven to work in times of dislocation.