Sentences with phrase «warn high debt»

Today, repayment plans span generations, and some economists warn high debt levels amount to a bubble on the verge of popping.

Not exact matches

And as organizations such as the IMF and the OECD have constantly warned, high household debt renders the country far more vulnerable to economic shocks.

The record high levels of consumer debt among Canadians has also raised a red flag from Bank of Canada governor Mark Carney and others who have warned that interest rates will rise at some point — raising the cost of borrowing.

The firm has warned for months that increasing debt loads at companies could stir up trouble as interest rates move higher, making it more difficult for them to refinance.

The solution points toward higher global inflation to solve overextended debt - ladened balance sheets, he warns.

In the case of the household sector, both Mr. Flaherty and the Governor of the Bank of Canada are warning Canadians about their high debt levels and urging them to curtail their consumption and to reduce their debt.

At the same time, it warned risks remain elevated, particularly high household debt levels, and measures to rein in loans to the most highly indebted households will take time to work.

The campaign warns voters about the effects of a possible default if the debt ceiling isn't raised by Aug. 2 and spins a near - doomsday scenario of high gas and food prices along with dire consequences for 401 (k) accounts.

Borrowing figures have soared ever higher over the last few months, as the interest rate rose above nine per cent and several Portuguese banks warned they could no longer buy government debt.

The state's debt is expected to hit nearly $ 64 billion at the end of March and soar to $ 71.8 billion in the next four years — making it the second - highest debt load among the states in the country, Comptroller Tom DiNapoli on Thursday warned in a report.

Last Thursday, the Macdonald - Laurier Institute released a report warning Canadians that several provinces have a high probability of defaulting on their debt payments over the next 20 years (although they acknowledged that the risk of default for all provinces over the next 5 to 10 years was essentially zero).

Bank of Canada Governor Mark Carney has repeatedly warned Canadians to simmer down on their borrowing costs — but that hasn't stopped us from racking up a new 8 - year record high debt level.

Famed investor and Quantum Fund co-founder Jim Rogers made waves recently when he warned of a new bear market — «horrendous, the worst,» he said — brought on by global debt that has piled too high.

Speaking in a television interview with BNN, Mr. Carney issued his third stern warning on the issue in less than a week, underscoring how concerned the central bank and the federal government have become about the fact that Canadians» debt - to - income ratio is now higher than Americans» for the first time in a dozen years.

Even as warning signs mounted — the company carried high debt levels and profits were declining — Rogers held on, hoping for a turnaround.

This past Monday, 35 higher education groups wrote a letter to House leaders warning them that in its current form, the PROSPER Act would perpetuate student loan debt and higher education access inequality.

A report released this morning by TransUnion shows that, despite repeated warnings, Canadians are back on the borrowing bandwagon, pushing consumer debt to a new record high.

The Bank of Canada has long warned about Canadians accumulating too much debt in this unusual era of low borrowing costs, but has been restrained from pushing back with higher rates for fear of damaging the economy.

Earlier this month, the International Monetary Fund warned in its Global Financial Stability report of Canada's high debt levels and higher - than - average pressure on Canadian households» ability to pay down that debt.

But what may be more effective is to warn and prevent high school students seeking a college education from taking on unaffordable school debt in the first place.

Consistently making only minimum credit card payments is less dramatic but still harmful, and when combined with a high debt - to - income ratio, warns creditors that you might have trouble keeping up with your payments.

Warning: Bad credit debt consolidation loans do exist in Utah, but the companies offering these loans will charge you astronomically high - interest rates and fees.

Why has payday loan debt increased despite consumer warnings about the high cost of these loans?

Personal finance experts often warn consumers with debt to steer clear of rewards cards, which generally charge higher interest and carry higher annual fees.

Admiral Michael Mullen, our Chairman of the Joint Chiefs, is already warning that our soaring debt is so high, it now threatens our national security.

The typical warning signs — excessive debt levels, poor quality loans, exponentially increasing home prices, rising vacancy rates and / or poor affordability compared to the past, and a high number of internet searches on house flipping — are not present.»

«Carney also says future interest rates may be downwards — which in theory would be good news for would - be buyers — but he also warns buyers to avoid high levels of debt.»