There was general market optimism on the debt front late Thursday after the European news and also hopes for a settlement in politically charged debt-ceiling talks in the U.S. However, any expectations for an quick resolution to the debt-ceiling issue have dissipated, while concerns about Europe persist, with the euro back on the defensive.
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The interest on housing debt used for any other purpose is "home equity" interest.
Ipso facto, German Chancellor Angela Merkel had to rule out haircuts for any current holders of Irish debt.
James Steel, analyst at HSBC, said gold markets will continue to be on watch for any developments related to the eurozone debt crisis.
There are a group of his caucus that actually think default would be okay and have said that they would not vote for increasing the debt ceiling under any circumstances.
History shows that the real burden of government on the economy is its overall spending, not the manner in which its outlays are financed (although an economy is slightly less-burdened, for any given level of spending, by debt financing than by tax financing).
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No prizes for guessing why: with all the bad debt on bank and company balance sheets, few are in any mood for major credit expansion.
However, defaulting on debt payments, or any payments for that matter (Social Security, military, funding for states) is in the hands of the Congress, which remains a house divided.
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This is why Italy's upcoming government bond auctions will be scrutinized for any sign that investors are losing confidence in Italian debt - particularly since foreign buyers of Italian debt are already few and far between.
But again, we cannot forget -- and I think -- I'm sure you talked about, if not wrote about it -- the major step that seems to have been taken by Republicans in acknowledging that using the debt ceiling for leverage did no one any good.
Although there is growing speculation that Spain will soon ask for eurozone help in tackling its debt crisis, Madrid has seen its borrowing costs fall and may not ask for any aid at all.
Traders will continue to keep a keen eye out for any fresh developments coming out of Europe, regarding the debt crisis.
Apart from student loans, Discover also provides personal loans which are unsecured loans with fixed interest rates, fixed terms and fixed payments, and are primarily intended to help customers consolidate existing debt, although they can be used for any reason.
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The money that Cyprus has repeatedly promised you would be absolutely safe is now being effectively nationalized by Cyprus to pay its debt, and for things which you never received any benefit.
The jury is still out on the results, which are expected at the end of the week, and while observers will be watching closely to see what kind of haircuts are taken for holdings of sovereign debt, it seems highly unlikely that any major banks will be wind up on the chopping block.
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Is there any way for the U.S. to get out of this debt problem?
In order for Greece to have any hope of returning to growth and solvency, its debt levels must be reduced by around 50%.
The gold market bulls are growing more frustrated as the EU debt crisis escalates but any fresh safe-haven demand for the yellow metal cannot overcome the stronger selling pressure.
If that is indeed the case, then any flare-up in the EU debt crisis would be bullish for the gold market.
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The incinerator, which was once supposed to pay for itself, will probably be sold to pay for some of the debt, though the city controller is loth to lose any potential money-maker.
There were no major weekend developments on the EU debt crisis front, but traders are keeping a keen eye out for any fresh EU news, and on how the EU financial markets are acting.
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There have been no major developments on the EU debt crisis front, but traders are keeping a keen eye out for any fresh EU news, and on how the EU financial markets are acting.
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The debt ceiling bill failed to provide any relief to investors who were hoping for a better long term outlook on the US economy.
And if the Republicans are suggesting that the answer to the sequester, to the debt ceiling, or any other thing, are simply to slash benefits for seniors, they ought to say so and they ought to provide a specified plan.
The EU debt crisis will be the focus of the meeting, but market place expectations for any meaningful results are low, and just got lower Monday.
Mining giants like Rio Tinto, Freeport-McMoran and Glecore figured the roaring Chinese demand for raw materials would bail them out of any mega- takeover that meant borrowing a bundle of debt to diversify into aluminum or gold or copper was the path to growth, higher profits and ecstatic shareholders.
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They reluctantly gave debt authority to Congress, and certainly did not issue vague open-ended powers for any branch of government to accrue unto itself the right to borrow without congressional permission.
Paulson has been arguing that in order for the rival plan to get any play in a courtroom those Lehman creditors should have to reveal their debt positions like his group did in April.
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"This government has done more than any other to improve conditions in developing countries but all the billions of debt relief cannot compensate for the hundreds of thousands of lives that are lost in conflict zones throughout the world each year, " he said.
The EU debt crisis will not be resolved any time soon and it remains a major underlying bullish factor for safe-haven gold.
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