In the short term, a simpler explanation may be that a low savings rate has left American consumers with a heavy debt burden.
Rising losses and a heavy debt burden at the Mumbai-based, steel-maker are said to have raised suspicions that funds may have been diverted elsewhere.
During his visit to Nigeria this week, Mr Wolfowitz told the president, Olusegun Obasanjo, that he hoped the country would make progress in its push to secure relief from its heavy debt burden.
For example, a company with illiquid assets, under a heavy debt burden facing upcoming debt maturities and finding itself unable to refinance, may have to sell off assets at a bad time for less money than it thought those assets were worth.
The higher education bubble has been inflating for decades, propagating the myth that heavy student debt burden is justified by high paying jobs.
FORBES: After Housing And The Stock Market, Is Higher Education The Next Bubble To Burst?
In " It's the debt, stupid" (Sept. 16), Paul Schulte makes apparent the heavy burden that debt means to Latin American economies, notably those of Brazil and Argentina, and also the negative effect of the IMF's policies to address this problem.
Meanwhile, the bottlers have an incentive to keep costs low, thanks to their heavy burden of debt.
This heavy burden of debt, combined with a troubling job outlook, has led to an understandable rise in student loan debt default rates.
FORBES: 3 Reasons to Never Default on Your Federal Student Loan
PSA's negotiations to buy between 30% and 50% of Mitsubishi, which has several times been close to bankruptcy and is still carrying a heavy burden of debt, have some way to go.
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Hungary remains hobbled by corruption (a cosy cartel, especially in local government, slices up European Union funds), a heavy burden of debt and a black economy that may account for one-fifth of GDP.
And many Britons carry a heavy burden of consumer debt as well as their mortgages.
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For some this proves that Italy is an oversize Greece: a country with a debt burden that is too heavy for it to bear and, unlike Greece, for others to help shoulder.
An important reason for this is that consumers have so much more debt these days, that the burden of servicing it is a heavy one even with relatively low interest rates.
Said another way, Debt-to-Income of 100% is a may be a heavy burden in a world where inflation is 1%, but quite manageable in a world where inflation is 7%.
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