His current thinking is that the household sector will drag activity down into a lengthy recession.
And it is therefore tricky for the Treasury to surrender to the household sector an asset equivalent in value to around 5% of GDP.
Resettlement compensation is the biggest transfer of wealth from the government to the household sector since the privatization of low-cost public housing a decade ago.
"The UK household sector debt-to-income ratio has continued to rise rapidly, increasing households' vulnerability to any unexpected rises in interest rates or falls in incomes, " warned the Review.
And I think that a good chunk of the household sector is effectively insolvent, buried under a mountain of mortgage debt, credit cards, auto loans, student loans, personal loans.
Risks are now borne by a bigger pool, with pension funds, insurance companies, mutual and hedge funds and others in the end, mainly the household sector taking much of the burden from banks.
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" Malpass is optimistic about growth: "The huge new pools of liquidity--in corporations, central banks, petrodollars, private equity, hedge funds, foreign savings and the U.S. household sector (the largest pool of liquidity by far)--will take time to use up.
" Malpass is optimistic about growth: "The huge new pools of liquidity--in corporations, central banks, petro-dollars, private equity, hedge funds, foreign savings and the U.S. household sector (the largest pool of liquidity by far)--will take time to use up.
It is suffering from a troubled banking sector, excessive household and company debts, and tough government austerity measures.
The private sector (aka the household survey) showed gains of 222K jobs, which again was above the estimates.
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The private sector (aka the household survey) showed gains of 268K jobs, which again was above the estimates.
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It has greater potential than development in any other sector to absorb former combatants, strengthen household incomes and food security, and to stimulate sustainable, economic growth in remote rural areas.
Its ratio of corporate debt to GDP was 49%, the ratio of household debt to GDP was just 31% and financial sector debt was just 14% of GDP.
By treating citizens of the developing world as consumers and not aid recipients, the private sector has dramatically lowered the cost of many household goods that we take for granted and promoted business practices that benefit entire societies while enriching local entrepreneurs.
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Household spending and business fixed investment advanced, and the housing sector has strengthened further, but fiscal policy is restraining economic growth.
This view is based on the household survey, he said, which showed employment of private sector wage and salary workers rose 319, 000.
The new analysis considers how micro-CHP could dramatically reduce household emissions in the UK by replacing condensing boilers in the residential heating sector.
By shifting more resources to lower levels of education, governments might stimulate more household spending for higher education, without threatening the growth of the tertiary sector.
"The most material reasons are the level of household debt, the high level of public spending, and the inefficiency of the public sector, " he claims.
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Household spending has flattened out, investment in nonresidential structures is still weak, and the housing sector remains depressed.
Its domestic demand (and particularly household demand) is already playing a much bigger role in driving growth, relative to the export sector, than it used to.
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