Your English writing platform
Discover LudwigExact(1)
By appearing to make defaulting on the debt legitimate and manageable, it would heighten the risk that a default will actually occur.
Similar(59)
The nonrecourse nature of most mortgages likewise makes defaulting on them less painful than doing so on most other loans.
Without the latter, the former could still hide if one city has a culture that makes defaulting on loans common.
And these high interest rates, by raising the burden of debt service, make default more likely.
Indeed, the creation of a big bail-out fund was meant to make default unthinkable.
By lowering the borrowers' monthly payments, refinancing would make default less likely.
It was Microsoft's idea, after all, to make "default" Internet connections a feature of Windows 98.
There are creative ways to make default less painful; trying to pretend it will not happen is not one of them.
An improving economy might make defaults seem less likely and cause banks to write up the value of loans on their books, thus raising reported profits.
Investors have become far more skittish than they once were, and worries about the possibility that Italy will default create a vicious cycle: fear of default raises interest rates, and higher interest rates make default more likely.
"It is fine to make default a moral issue, but you also have to accept that outside of Western Europe, defaults have been a dime a dozen, even in the past few decades".
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com