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"Debt" tag
us-national-debt-ceiling-marketexpress-in

US Gross National Debt to Spike by $800 Billion in October?

“There is zero chance, no chance we won’t raise the debt ceiling,” swore Senate Majority Leader Mitch McConnell (R., Ky.) at an event in Louisville, Kentucky, on Monday. He who couldn’t get his Republican ducks...

US-bankruptcies-consumer-2011-2017-06-marketexpress-in

Consumers and Businesses Buckle under their Debts

Commercial Chapter 11 bankruptcies – an effort to restructure the business, rather than liquidating it – jumped 16% year-over-year in June to 581 filings across the US. Total commercial bankruptcies of all types, by large...

greece-debt-euro-eu-marketexpress-in

Why Greece’s Challenge Won’t Go Away

This agreement will free up the next tranche of payment so that Greece can make a large debt service payment (~7 bln euros) next month. However, the underlying situation is not resolved, and until it...

shale-US-debt-Euro-marketexpress-in

Shale’s Lesson for Creditors and Debtors

The heavy hand of past borrowings continues to hang over us. China’s explosion of debt is worrisome. The bad loans being carried by European banks may be a factor restraining the willingness to lend. The...

economic-survey-public-debt-marketexpress-in

The smart watchman

Economics excites economists no end, and bores the rest to death. The Economic Survey is an ideal tome for the bedside, and a perfect cure for insomnia. Having realized this in his short tenure, the...

greece-debt-marketexpress-in

Greece and the Return of the Repressed

Freud warned that unresolved psychological conflicts might be repressed but they keep returning. So too with Greece’s debt problems. A new crisis is at hand. Investor nervousness is evident in the surge in the two-year...

puerto-rico-greeks-marketexpress-in

Puerto Rico – ‘Greeks’ of the Caribbean

The loss of tax perks and its status as a commonwealth are just two of many reasons for Puerto Rico’s bankruptcy. The island is now hoping that the default will give it leverage to restructure...

Greece time out MarketExpress-in

Greece FM promises prompt IMF repayment

Greece has agreed to repay its debt to the International Monetary Fund due this week, according to the Fund’s director. Christine Lagarde held informal discussions with Greece’s finance minister in Washington. Greece’s Finance Minister Yanis...

India Corporate Sector and Financial Sector turmoil

Problems faced by Indian companies and banks

Problems faced by Indian companies and banks are as acute as India’s inability to bolster its free-falling currency or mending its worsening economy Debt-ridden corporate sector The banking sector has witnessed strong loan growth in recent...

Fed to or not to taper

The global capital markets have been feeling the effect for several months and now the cause is at hand. The Federal Reserve is set to decide whether to continue at the same pace the purchases of...

Greece debt costs surge on government collapse

Borrowing costs for debt-laden Greece have surged massively as the smallest party in the ruling coalition decided to exit the government. The move raised uncertainty over reforms and the country’s ability to repay debt. Yields...