Sentences with phrase «unsustainable debt»
"Unsustainable debt" refers to a situation where a person, organization, or country has borrowed more money than they can afford to pay back in the long term. It means that the debt is too large or the repayment terms are too difficult, leading to financial instability and potential default on the borrowed amount. Full definition
Students and those from low - income areas, neither of whom had much experience with credit, would sign up for credit cards and spend their way into unsustainable debt.
debt.org
And in low income countries, if recent trends continue, many, not all, will face unsustainable debt burdens.
Consequently, more students are incurring unsustainable debt as tuition steadily increases across the province.
We have unsustainable debt increases because of lack of self - control on the part of our leaders.
The Greeks are weighed down by a completely unsustainable debt load and this economy will remain broken until the systemic, crushing, debt is addressed.
Yes, the argument on unsustainable debt fails on both the vertical level as you articulate.
It is possible that leasing could lead to entrenching poverty traps for Indigenous people by creating unsustainable debt levels, with the outcome that communal title is compromised or lost.
The relationship between monetary policy and financial stability may depend on the specific economic conditions in which we find ourselves.6 Moreover, the processes resulting in financial cycles, with periods of unsustainable debt buildup, occasional crises and periods of deleveraging, are not well captured by standard models.7 We have more work to do before we can be fully confident about our conclusions.
Back in 2010 — 2011, I argued that without implausibly large wealth transfers from the state sector to households, I could not figure out arithmetically any way of maintaining GDP growth above 3 — 4 percent without accelerating growth in an already unsustainable debt trajectory.
show: Economist Michael Hudson explains how finance became capitalism's driving force and why an increasing amount of American life is being dedicated to sustaining unsustainable debt values, then gives a radical history lesson in debt economics - from ancient Sumer to the University of Chicago - that suggests the only way to end a debt crisis is to end the debt itself.
The IMF foretells of vulnerable banks in US and EU while enabling unsustainable debt - leveraging, says economist Michael Hudson.
Commenting on the huge debt accrued by Nigeria, Abubakar said, «The question now is, why are we saddled with a heavy and almost unsustainable debt burden twelve years after President Olusegun Obasanjo and I provided the leadership that paid off Nigeria's entire foreign debt of $ 32 billion in one fell swoop?
With both the House and Senate having approved budgets, and the President now having submitted his own, we continue to urge the nation's leaders to come together and negotiate a major long - term budget agreement that not only protects coming generations from unsustainable debt but also ensures our ability to invest in their future.
Pettis does not like those who criticize those who pointed to unsustainable debt trends as «Stopped clocks that are right twice a day.»
Recently I wrote an article arguing that unsustainable debt loads have become the new normal in Canada, in which I drew on my first hand experience with people struggling with debt trouble.
As SLF Director Dr Buch makes clear, not only is the recovery itself incomplete and built on unsustainable debt and rising house prices, the amendments seek to boost the commitments on jobs, housing and living standards made elsewhere by our party.
In every economy, very low interest rates and unending credit supply have loaded up the marginal borrower — corporate and individual — with unsustainable debt.
This minimizes the risk of our customers being saddled with high levels of unsustainable debt.
Tomorrow, in part three of our four - part series «Why we can't stop spending,» we look at how government policy has aided and abetted Canadians» slide into unsustainable debt.
Moreover, they regard Trump tax cuts and deregulation as monumental positives, while disregarding uncertainty in trade protectionism or unsustainable debt levels.
Asked about China's «Belt and Road Initiative,» he said developing countries need to take a careful look at projects backed by the program and avoid taking on unsustainable debt.
He shorted another Canadian firm, Concordia International, partly due to its unsustainable debt load.
Asian Development Bank chief says trade friction, unsustainable debt could hobble Asia growth
Mr Murphy said Ireland should support a debt write - down for Greece because it would be good for Ireland and there should be a debt write - down of all unsustainable debt.
The result: an unstable banking system that builds up unsustainable debt and periodically implodes.
It is clear that the unsustainable debt accumulation and the disastrous boom - bust cycles of recent decades have brought the world ever closer to an abyss.
A sudden tightening of financial conditions could lead to market corrections, unsustainable debt, and capital flow reversals.»
HEDGES: So, we spoke in the first segment about the parasitic quality of the banks, hedge funds and the speculative class that has in essence cannibalized the country — including, interestingly, industry itself, and forced down the throats of the American public an unsustainable debt peonage, whether that's through student loans,...
The Independent Party will be going to support Randy Altschuler because Tim Bishop has voted for and in fact has taxed and spent the US into an unsustainable debt.
«At this rate, in five to seven years this will be an unsustainable debt on our current economy,» he said.
These are problems of inclusive economic growth to address unemployment, decline in the agriculture sector, rising cost of living, collapsing businesses, the energy crisis («dumsor») unsustainable debt, poor infrastructure, rising interest rates exchange rate depreciation, rising fiscal and balance of payments deficits, and corruption.»
Unless schools pony up the aid dollars to meet students» financial needs, touting the need - blind label isn't particularly meaningful for students, who may simply get the offer of admission along with an offer to take on unsustainable debt.
An entire decade of near - zero percent rate policy and electronic money printing by central banks has forged an unsustainable debt path.
Far from being a panacea, small loans add to poverty and undermine people by saddling them with unsustainable debt, argues anthropologist Jason Hickel
Underinsurance leads to all sorts of bad outcomes — bankruptcies, home foreclosures, unsustainable debt — which we'll explore further in this blog.
The arbitrary use of power this entails and the unsustainable debt of the Icelandic government has created uncertainty and risk in all aspects of commerce.»
(Bloomberg)-- Payless Inc. is in talks with its lenders over a restructuring plan that includes closing about 1,000 stores as it wrestles with an unsustainable debt load, according to people with knowledge of the matter...
The Bank of Canada has sounded the alarm on household debt recently, and «unsustainable debt» per household has soared in the country.