Not exact matches
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.
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.
Cutting back government spending will reduce private -
sector income,
making it even harder to carry the corporate, real estate and personal
debt overhead, so the
debt problem will snowball.
Monetizing
debt creation at the expense of households worsens the imbalances and
makes the economy even more dependent on public
sector investment, which means that the
debt burden would grow even more quickly.
Quantitative easing is
making it worse by facilitating more public -
sector borrowing and preventing
debt liquidation in the private
sector - both erroneous steps in my view.
The central bought all those bad loans and government
debt with
made up money over the last decade, but now, they want to market it to the private
sector.
And it's been very weak since 2008; we've now hit the point now where the private
sector, the households, are so heavily in
debt that they just can't continue taking on new or additional
debt to
make credit expand enough to drive the economy.
Dr. Lacy Hunt: The Fed's most serious mistake was
made in the 1990s up until 2006 during which they allowed the private
sector to become extremely over-indebted with the wrong type of
debt.
He
made taming public
sector debt a paramount objective for Conservatives in government.
I favor a system where students in publicly funded institutions
make a commitment: if they do well in the private
sector, they will revert a certain percentage of their income to the education
sector; and if they devote some years to public service, their
debt will be forgiven.
Trump's budget ends the effective Perkins Loan program, eliminates the Supplemental Educational Opportunity Grant program,
makes record cuts to Pell Grants, dumps the program to forgive student loan
debts if a student works for at least 10 years in selected public
sector jobs and ends a program that covers interest payments for low income students while they are enrolled in school.
okay here's my two cents worth folks im up for renewal and have just nagotiated a rate 5 yr variable1.75 persent or if i want a five yr fixed at 4.49 still quite a gap between fixed and variable here i believe i have a little lee way here apparently i was only interesed in variable and five yr fixed but i
made it absulutly apparent to them that when lock in from a variable i get the whosale discounted rate at that time and written into the contract i kinda believe this the way the market is heading as we head out of ressesion and the bank of canada is going to
make there move i believe coming up in june and just to
make this firm i do not believe the boc will raise rates in fast mode far from it will be slow process i don't care what the ecconmists are thinking we have to remember manufactering
sector is reallt taking a hit on the high dollar and don't forget our niegbours to the south how dependent our canada is with them i believe it will be a slow process a lot of people heve put themselves in a
debt load over these enormously low interest rates but i may be wrong i think a variable is the way to go if you want to work on that princibal at least should i say the say the short to medium term and betting that the bond markets stay put for the short to medium term - i have given enough interest to the banks maybe i can pay a little less at least fot the short to mediun term here i have not completly decided yet put i think im going variable although i wish my mtge was up a year ago that would have been just great congradulations to all that did.
Without this sort of program, individuals with large
debt loads will have an even greater incentive to go out and work in the private
sector where they can actually
make enough money to pay off their crushing
debt loads.
That
debt - to - income ratio is impossible, so PSLF
makes that career path possible — and attracts people who might have otherwise taken high - paying private -
sector jobs.»
Just 40,000 borrowers are enrolled in the «Pay As You Earn» program, which allows borrowers to pay 10 percent of whatever they
make above the federal poverty line, and then have the balance of their
debt forgiven after 10 or 20 years depending on whether they work in the public or private
sector.
These are not usually recommended since they consolidate public and government student loan
debt together, therefore taking tax money into the private
sector and
making it less reliant on federal rules and regulations.
Austerity advocates are knowingly or unknowingly the useful idiots of the bloated financial
sector, as artificially limiting government expenditure and giveaways to public assets,
makes more room for and dependence upon private
debt issuance.
The combination of prohibitively expensive professional courses, high levels of
debt and low salaries
makes it extremely difficult for those from a lower socio - economic background to enter the legal aid profession and then to sustain a career in the
sector.
Our current focus is to work with partners to
make debt advice easier and quicker to access, and to improve standards and quality across the
sector.
The change would encourage heavier use of
debt to finance projects; that increase in leverage would
make the real estate
sector more financially fragile.