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Discover LudwigExact(49)
His example, of calling debt "credit," hit home.
Debt, credit, lending — these are financial matters, to be evaluated empirically and mathematically.
Although Canadian consumers are taking on more debt, credit growth cannot explain the price-to-income multiples in Vancouver.
Now Japan's homemaker-traders may become yet another casualty of the shakeout hitting the debt, credit and stock markets worldwide.
Moreover, when it comes to assessing sovereign debt "credit risk" they – and I mean this quite literally – do not know what they are talking about.
In up to one half of the cases examined, S.& P. lowered its sovereign debt credit ratings before both Moody's and Fitch.
Similar(11)
But it wasn't just mortgages: it was bank debt, credit-card debt, car loans.
And so the international debt cartel built laboratories for the creation of synthetic debt — credit-default swaps, which weren't debt but, rather, bets on other debt.
"This extends beyond mortgages to student-loan debt, credit-card debt, medical debt.
This prompted a lowering of its sovereign-debt credit rating by Standard & Poor's last week.
With more people are out of work and struggling to pay their debts, credit card issuers are bound to suffer.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com