No longer a descriptive noun, "bubble" has become the default term for lazy writers seeking to explain what they cannot.
Until Ryan, there has never been talk of any real possibilities of a short-term default.
Investors cheered news that Greece would avoid a near-term default on its debt.
Have a default on the term and the interest, not on the capital.
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Page of Eaton Vance says the long-term default rate on these loans is in the 2.5% range but was higher during the dark days of 2001 and 2002.
Furthermore, there is talk, according to Barclays, of releasing that next tranche in smaller units, only to avoid short-term default and put further pressure on Greek policymakers.
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Long-term default is all-but-impossible, as those issuing loans for higher education have the right to garnish everything from tax refunds to Social Security checks in their quest to be paid back.
For starters, the U.S. would be avoiding a default in the near term, but the size of the deficit would remain a worry.
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After the markets closed Monday, Fitch Ratings downgraded AIG's long-term and short-term issuer default rating, as well as its senior unsecured debt and commercial paper program ratings.
In the short term a chaotic default has almost certainly been avoided.
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But amid the talk of the long-term cost of default, it's worth noting that countries can pay a penalty for NOT defaulting as well, not just in terms of slower growth but also higher interest rates.
Given the currently very low short term interest rates (and assuming that the effect would be the same) that would mean that a default on Aug 2 could double short term interest rates.
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Sustained deflation, Credit Suisse says, would put strains on public finances, increasing the risk of sovereign default, and making longer-term bonds less attractive.
Late Wednesday afternoon in Europe, Fitch Ratings said it had cut Iceland's long-term sovereign currency issuer default ratings to "BBB-, " from "A, " putting them firmly in "junk" territory.
The stated intention of this policy is to introduce more inflation as a means to potentially stimulate economic activity, but it also provides a means to pay back the large amassed debts with less valuable paper currency without having to deal with the short-term pain of actual default.
The agreement would ostensibly take care of Greece's current debt problems, enabling it to address its longer-term issues and ultimately avoid default.
Yet his corporate-raider past suggests that, if he is becoming a strategic long-term investor, it is by default.
"Suntech's default may impact market sentiment in the short term, " said Bryan Collins, fixed-income portfolio manager at Fidelity Worldwide Investment.
Money-market funds are a specialized kind of mutual fund that is restricted to investing in very short-term securities with little chance of default.
By November 2007, when the narrative ends, it was already clear to Mr Morris that this crisis was much more serious than the last big crunch, the 1998 Russian debt default and the bail-out of Long-Term Capital Management, an American hedge fund, by a group of banks under the Fed's direction.
No investor expects a default, but they are mixed on the near-term outlook of the US equity markets.
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The White House signalled last week it approved of the short-term measure that would avoid the prospect of default.
And in 1998, Russia's default led to the near-collapse of Long-Term Capital Management, a hugely leveraged hedge fund, and caused huge losses for other leveraged investors.
The third came in 1998 when the long-term capital management debacle and Russia's default sent low-grade bond prices plummeting, crushing high-debt REITs like Criimi Mae and Laser Mortgage Management with margin calls.
Treasurys remain a top choice for investors who value short-term safety over long-term growth because they carry negligible risk of default, says Erik Weisman, a portfolio manager at fund company MFS Investment Management.
To reduce interest-rate and default risk, Ms. Benz suggests sticking with intermediate-term muni-bond funds with a high percentage of their holdings in general-obligation bonds, which are repaid with tax revenue.
Ofgem's proposals also include banning complex multi-tier tariffs, new personalised information to help consumers find their best deal, and ensuring customers default to the cheapest option at the end of fixed-term contract.
He also said the Fed is encouraging the development of a central counterparty clearing system for trading in credit default swaps and working on strengthening the resiliency of the short-term secured funding markets that left Bear in the lurch in March.
It also cut the short-term rating on Argentine debt to C, one step above default.
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