Given the fundamental uncertainty of the future, Lawrence Russell and Company generally favors proactively increasing income and moderating consumption when necessary to insure
substantial rates of savings and rates of debt reduction during working years.
In a shocker, the public is betting the underdog at
a substantial rate of 67 percent -LSB-...]
The problem is that we have a hard time figuring out which are which, so we tolerate
a substantial rate of cesarean delivery to ensure a very low intrapartum death rate.
Not exact matches
About the only time interest
rates pose a
substantial risk
of precipitating a crash is when central banks become concerned about overheating in the economy and are willing to provoke a recession to cool things off.
Such
rates will generally be higher than what home buyers currently pay, not only because banks now offer
substantial discounts from posted
rates, but also because many buyers (40 % according to a July 2011 TD Bank report) take mortgages with variable
rates, which are lower than fixed
rates at least 85 %
of the time.
To me, and obviously to a
substantial number
of U.S. businesses both big and small, it is clear that unless America cuts its high business tax
rate it will struggle to maintain a competitive edge and remain attractive for investment.
The point is that at near zero interest
rates, the U.S. has a lot
of buffer on this front, so if there is a reduction in the economy, it will be because
of a
substantial disconnect between supply and demand.
Beyond the requirements that liquidity and regulators impose on us, we will purchase currency - related securities only if they offer the possibility
of unusual gain — either because a particular credit is mispriced, as can occur in periodic junk - bond debacles, or because
rates rise to a level that offers the possibility
of realizing
substantial capital gains on high - grade bonds when
rates fall.
There are some signs that inflation could come out
of hiding in the next 18 months, but I would be very surprised if we saw a
substantial increase in long
rates in the coming couple
of years just because there are too many disinflationary macro headwinds.
Lyons contrasted the previous government's approach to that
of the Bank
of England, which prepared
substantial contingency plans to deal with any market fallout from the initial shock
of the referendum outcome, and then quickly implemented a sweeping programme
of new monetary easing, cutting interest
rates to a record low
of 0.25 %, and extending quantitative easing.
Ever since the bank introduced that extraordinary forward guidance in December
of last year, Fed Chair Ben Bernanke has been at pains to explain to investors and reporters that the 6.5 % target is a «threshold» and not a «trigger,» meaning that the bank could decide to keep
rates low for longer if it is not satisfied that 6.5 % really indicates a
substantial improvement.
A decade ago, residents
of northern European countries such as the Netherlands and Sweden were going online at a faster
rate than in just about any other area in the world, thanks in part to
substantial investments in broadband infrastructure.
It adds that «approval or denial
of the proposed project is unlikely to have a
substantial impact on the
rate of development in the oil sands, or on the amount
of heavy crude oil refined in the Gulf Coast area.»
«To have the lack
of more
substantial wage gains at this point probably helps to alleviate some
of the immediacy on the four - interest -
rate - hikes - in - 2018 question,» said Hamrick, the Bankrate.com analyst.
The new company expects to create
substantial value for T - Mobile and Sprint shareholders through an expected $ 6 + billion in run
rate cost synergies, representing a net present value (NPV)
of $ 43 + billion, net
of expected costs to achieve such cost synergies.
In the 23rd Actuarial Report on the Canada Pension Plan (OCA, 2007), the Office
of the Chief Actuary (OCA) certified that, in spite
of the
substantial increase in CPP benefit payments that would result from the retirement
of the baby boom generation, the current legislated contribution
rate of 9.9 per cent for employers and employees combined would be more than enough to pay for benefits through 2075.
Shoppers Drug Mart shareholders, who will own approximately 29 %
of the combined company, stand to benefit from
substantial upside over the long - term, driven by the combined company's strategic position and achievement
of full run -
rate synergies.
In addition, low interest
rates minimize the cost to the United States
of our
substantial negative net debt position.
There are a number
of countries — China not least among them — whose prospective
rates of productivity growth over the decades ahead will surely mean a
substantial increase in their real exchange
rate.
There is also a view that the exchange
rate arrangements that exist in the present context — the
substantial share
of the world economy that shadows the dollar — should increase our confidence that this pattern
of imbalances could be financed without stress for some time.
No analysis on how systematic wage arbitrage allowed by trade globalization between countries
of very different income level within an exchange
rate system allowing massive an persistent trade imbalances led to a massive opening up
of compensation scales in developed countries, as well as
substantial under - employment.
At the same time, the current level
of the exchange
rate represents a big shift in relative prices, which should provide
substantial ongoing assistance for the export sector (and the import - competing sector).
First,
substantial direct or indirect wealth transfers from the state sector to Chinese households will unleash a surge in household consumption as household income rises (and because the interest on bank deposits is an important source
of income for most middle and lower middle class households, if the authorities reduce interest
rates, as struggling borrowers are demanding, China actually moves in the wrong direction).
Because I think China's nominal GDP growth has been overstated by a
substantial amount because
of its systematic failure to write down bad loans, I usually have subtracted 2 - 4 percentage points from the nominal GDP growth
rate before I did my very rough calculation.
Substantial continued reductions in Fed estimates
of the real neutral
rate lie ahead.
In Australia, the lifting
of interest
rates and credit controls, and increased competition from foreign banks, contributed to a surge in credit growth, and a
substantial increase in risk taking in the financial sector, and in the community generally.
China's huge portfolio
of NPLs at the end
of the 1990s (perhaps as much as 40 %
of total loans) was resolved by a decade
of severe financial repression, so that lending
rates of around 7 % — in an economy in which GDP grew nominally by 18 - 20 % and the GDP deflator usually exceed 8 % — implied
substantial debt forgiveness.
All told, though, the plan is, like its House counterpart, a proposal to dramatically slash corporate tax
rates, open up a big new loophole for wealthy individuals, and pay for the cuts by dramatically expanding the national debt and ending a number
of tax deductions that could leave a
substantial share
of middle - and upper - middle - class people paying more.
Second, the actual exchange
rate is quite volatile, with periods
of substantial appreciation in the late 1980s and throughout the 2000s, and a decade
of depreciation during the 1990s.
And given how low
rates are and the political aversion to the use
of fiscal policy a
substantial slowdown could have very severe consequences.
It is difficult to understand why the record burden
of consumer debt will be impervious to a rising unemployment
rate, particularly when companies are facing a
substantial acceleration in wage inflation in recent months as they try to shore up profit margins - making
substantial new layoffs inevitable.
To some extent, stock market action also implies expectations for slower economic growth, though interest
rate signals, such as a flat yield curve, are more suggestive
of slow growth than stock market action is, and we've yet to see a
substantial widening
of credit spreads that would suggest imminent recession.
Moreover, to support a stronger economic recovery, the FOMC is purchasing long - term Treasury securities at a
rate of $ 45 billion per month and agency mortgage - backed securities (MBS) at a
rate of $ 40 billion per month, and will continue purchasing assets until it sees
substantial improvement in the outlook for the labor market, conditional on ongoing assessment
of benefits and costs.
Second, there is at least a significant risk that as the rest
of the world struggles there will be
substantial inflows
of capital into the US leading to downward pressure on
rates and upward pressure on the dollar, which in turn reduces demand for traded goods.
Downward pressure would be exerted on the
rating if (1) there is a significant deterioration in the government's balance sheet (2) a
substantial erosion
of official financial buffers that undermines confidence in the country's external stability; (3) the manifestation
of significant political and / or social tensions that could hinder the country's medium - term growth prospects beyond Moody's current expectations.
This can take up to three business days and requires you to submit a
substantial amount
of personal information, but it's easily the most thorough source
of information about the
rate and fees you can expect.
The increased earnings consumers will make on their savings can be an overlooked, and
substantial, aspect
of a
rate hike.
As usual, I don't place too much emphasis on this sort
of forecast, but to the extent that I make any comments at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for stock appreciation, which would require the maintenance or expansion
of already high price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential for market losses, particularly given that the current bull market has now outlived the median and average bull, yet at higher valuations than most bulls have achieved, a flat yield curve with rising interest
rate pressures, an extended period
of internal divergence as measured by breadth and other market action, and complacency at best and excessive bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk
of an oncoming recession, which would become more
of a factor if we observe a
substantial widening
of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains
substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weakness.
These may sound too similar to make any
substantial difference, but in reality, the higher
rate will cost you an additional $ 2,160 over the life
of the loan.
Conversely,
substantial interest
rate reductions have been followed by periods
of significantly faster growth.
Takeaways include features
of the Berkshire System from the shareholders» viewpoint: (1) Berkshire is unusually congenial to taxable shareholders, enhancing compounding
rates considerably; (2) Berkshire's internal cultural features such as autonomy, decentralization, and permanence help attract sellers
of high - quality companies to selll to Berkshire at reasonable prices with managers who stay on and become
substantial shareholders; and (3) There is a close symbiotic connection between features (1) and (2) that reinforces Berkshire's high compounding
rate and long time horizon.
With interest
rates still hovering near the lowest levels they've ever been in 5,000 + years
of recorded human history, it's very difficult to achieve a significant investment return without taking on
substantial risk.
In the long run both types
of investment create capital that can yield
substantial positive
rates of return (above the current 30 and 50 year real bond
rate) and result in both higher productivity and stronger labour force growth.
Thus, the stock doesn't have to grow wildly in order for you to turn a good profit; even a modest
rate of growth gives you
substantial profits.
Takeaways include features
of the Berkshire System from the shareholders» viewpoint: (1) Berkshire is unusually congenial to taxable shareholders, enhancing compounding
rates considerably; (2) Berkshire's internal cultural features such as autonomy, decentralization, and permanence help attract sellers
of high - quality companies to sell to Berkshire at reasonable prices with managers who stay on and become
substantial shareholders; and (3) There is a close symbiotic connection between features (1) and (2) that reinforces Berkshire's high compounding
rate and long time horizon.
They expect you to have reviewed a
substantial number
of random files to confirm that all documents have been properly prepared, signed and filed and that you have also considered other factors, including whether your firm deals with properties that are close to the U.S. border, whether your agents are part - time or full - time and the general crime
rate in your own area.
So does the Accord, which I believe has been a
substantial contributor to the low
rate of inflation we now see in Australia: the Accord processes are not perfect but that is the nature
of compromise and human affairs generally.
Implementing a BAT should bolster the competitiveness
of US firms, eliminate the existing incentive to keep profits offshore, and raise the revenue needed to fund a
substantial cut in the statutory corporate income tax
rate (currently the highest in the Organisation for Economic Co-Operation and Development [OECD]-RRB-.
Stating that the risk
of a
substantial fall in inflation was greater than the risk
of a
substantial rise, the Fed lowered the federal funds
rate by 25 basis points to 1 per cent in June.
Raising the growth
rate of the economy by 0.3 per cent (the difference between the underlying productivity growth
rate in the 1990s cycle and the average
of the earlier cycles) makes little difference over a year or two; over a decade or two, however, the cumulated effect on living standards is
substantial.