Exact(8)
These countries have borrowed far too much for too long at too cheap interest rates.
Partisan warfare delays even uncontroversial steps, such as renewing cheap interest rates for student loans.Mr Obama's crowd-schmoozing may help him, however, in coming battles over whether federal spending will exceed or fall short of the sequester levels come October 1st, and under what conditions the federal debt limit is raised soon afterwards.
Hungarians were attracted by the cheap interest rates available, but face impossible debt repayments as the Hungarian forint loses value.
The economic recovery that followed, bolstered by cheap interest rates that ultimately yielded the slightly bloated and strung-out market for both public and private investors?
Translation: we will never get a strong recovery just by relying on cheap interest rates.
"The companies have been getting in for cheap; interest in these long-term assets grows amid increasing demand for food and dwindling resources to produce it," Kuyek added.
Similar(51)
Landlords are currently able to buy houses using cheap interest-only mortgages, while first time buyers are required to buy using more expensive repayment loans.
TWO months ago, when a sudden burst of volatility broke over the world's financial markets, concern focused on the "carry trade"—the apparently widespread practice of borrowing yen at dirt-cheap interest rates in order to buy higher-yielding assets in America, Australia or even Iceland.
Some are "balloon" loans that offer cheaper interest rates for the first two or three years but then adjust rates to market conditions.
Groups with reputations for repaying loans on time can expect to get cheaper interest rates.Chris Larsen, Prosper's founder, believes that these groups will help his company cut the two biggest costs encountered by credit-card companies: customer acquisition (often requiring pricey direct-mail or advertising campaigns) and defaults.
Besides being the main source of cash for paying players, the league's broadcasting deals also helped secure a billion-dollar credit line that the owners can borrow from at a dirt-cheap interest rate.
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