Borrowing terms for even the most creditworthy of companies and individuals are getting more onerous.
In total, 45% said they expected their terms of borrowing to be about the same as before, whilst 29% thought better terms would be possible and 25% thought terms would be worse.
Not only will the costs of borrowing zoom, but terms will become much tighter.
In other words, there are all sorts of mechanisms that are involved here, and so the presumption that somehow we can block the capability of China or anybody else borrowing at essentially identical terms abroad as here, in my judgment, is a mistake.
In the months leading up to this summer's presidential elections in Russia, the International Monetary Fund responded to intensive pressure from Washington and other Western capitals by relaxing the criteria and the conditionality terms that borrowing nations are expected to meet before receiving disbursements on IMF loans.
That is, they all amount to borrowing on really, really unfavorable terms to the government.
This is risky, because they were borrowing on 1 and 7 day terms and lending the money out on 30 year terms.
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Whether it's about Greece, 'soft restructuring', or the chances of Ireland extracting softer terms for its emergency borrowing, Europe has been producing its usual cacophony of voices in the past few days, none of them saying quite the same thing.
If other countries are critical of Britain both for being too exposed in terms of debt and for borrowing further, then he begins to look more vulnerable politically.
If the fund were to seek more enticing assets elsewhere, the government would have to offer better terms on its bonds, raising its cost of borrowing.
Politically, it is another sign - following the revelation last year that the government is way off course to meet its borrowing targets - that George Osborne is currently failing in his own terms - ie: in his efforts to cut the debt and the deficit ahead of all other economic goals.
The bigger point that Mr Cable is making here is that Mr Osborne has defined his strategy in terms of the current, structural deficit: that is, borrowing that is not due simply to the weak state of the economy and that is NOT used for public investment.
The toxic correlation of sovereign and bank borrowing rates implies that the rise in government financing costs will be felt in terms of higher bank lending rates.
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But today's market ructions are a reminder that some day fairly soon they will have to decide whether and how to give Portugal additional support, and come to terms with the reality that the government is unlikely to be able to go back to borrowing on the global financial markets in 2013, as its current rescue plan assumes.
Ireland, which hopes to rework the terms of its bailout deal, and Italy, which like Spain is battling with spiraling government borrowing costs, could also benefit from the new deal.
The new deal will also help borrowing costs for teams in the future because creditors will not be getting shafted as they would have under terms that MLB and Rangers Baseball Express had wanted.
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