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What are the implications of debt, duration, and precarity on culture in the 21st century?
Type of debt, duration of debt, structural economic issues, expected growth rates, expected financial sector volatility, and many other factors are relevant.Debt matters, but the precise way that it matters isn't as clear-cut as Reinhart-Rogoff seem to indicate.
Not lengthening debt duration, now about 5.8 years, is unforgivable.
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However, its local debt's average duration is just 14 months, calling for frequent rollovers.
However, 93% of the funds would have gone straight to cover the cost of maturing debt for the duration of the extension.
For the most part, Mr. Obama will be leaving behind the debate on jobs — and the related arguments over how to cut the federal debt — for the duration of his time in New York.
The US Treasury auctioned $37 billion in 3-year Treasury bonds on Tuesday and investors happily bought the short duration debt.
But because of the combination of cash and short-duration debt, it's taken significantly less risk in those indices.
His formula involves owning equal amounts of long- and short-term debt with an average duration of five to six years (a portfolio with such a duration would lose 5% to 6% of its value for each percentage point that interest rates rise).
"If the Congress were to pass a clean debt ceiling of short duration to avoid default, the president would sign that," Mr Carney said, following rounds of talks among Mr Obama and Senate and House Republicans.
In an adult sleep debt study, short sleep duration led to a decrease in serum leptin and an increase in ghrelin suggesting that short sleep might stimulate appetite and increase food intake [ 11, 12].
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