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China's economy is too dependent on credit and it feels like the pressure cooker is about to blow.
We have become so dependent on credit that we can't function without paying the banks ransom for more credit.
In the process, he earned the enmity of many of those dependent on credit, including most of the bazaar merchants and the high rollers in the construction field.
At the same time, many households and businesses are still heavily dependent on credit, and the government is preparing for billions of pounds of spending cuts.
According to Imam, young people are more dependent on credit, take out loans, and are active consumers while older people have less debt, and rely on savings, and bonds instead of the stock market.
But even then stock market performance has been weak and there are now concerns that attempts by Beijing to move to an economic model less dependent on credit will lead to a hard landing in 2014.
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BRITAIN'S economy is a decidedly one-track affair: addicted to debt, growth apparently dependent on credit-fuelled consumption.
It is the received wisdom that in the runup to the financial crisis that hit in 2008, the UK economy was too heavily dependent on credit-fuelled consumer spending and on financial services.
It was an unsustainable business model, over-dependent on credit, and under-serving large parts of the UK.
Therefore, a credit derivative is a security in which the price is dependent on the credit risk of one or more underlying assets.
Moneyback varies its rates dependent on your credit score though, so if your credit rate is less than perfect you are likely to be offered a higher rate.
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