After qualifying for low German interest rates overnight, citizens entered a spiral of private debt.
There are proposals to put together Korea's private debt and issue sovereign debt in its place.
The private debt restructuring that Icelandic households and companies are now going through is pretty horrendous.
But one crucial issue, private debt repayment, was not resolved and that worries many.
Namely, a plan to cope with private debt repayment and strengthen the country's fragile banking system.
We have an economy that expanded on too much debt, private debt as well government debt.
FORBES: Fiscal Cliff Deferred, Tax Legislation Is only Part of the Equation
The Fed explained in a brief statement that it wants banks to return to the private debt markets.
For the recession of 2008 to be over, the level of public and private debt should have been reduced.
Thus, the law limiting foreign ownership of the Argentine media had no effect on the company's private debt restructuring.
Measured correctly, the stock of private debt is at historically record high levels.
High public or private debt in Greece, Spain and Italy has driven up borrowing costs, spooked investors and toppled leadership.
The Bush Administration has been pushing Congress to authorize the use of private debt collectors in dun for back taxes.
They have worked to some extent, as spreads on private debt have come down, though they remain well above pre-crisis levels.
Private debt levels are higher than in much of Europe, and the country is in the throes of a slow, painful deleveraging process.
Bottom line: you can run a trade deficit, reduce government debt, and reduce private debt, but not all three at the same time.
FORBES: Ugly Choices Ahead For Central Bankers: Will The Yen Drop 50%?
Countries such as Ireland, Spain, Portugal and Greece all began the crisis with sizeable current account deficits and large public and private debt problems.
More important to economists is the fact that Italy has much higher levels of private saving than the bail-out countries, and relatively low levels of private debt.
As the crisis spread, most of Southeast Asia and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt.
Why did Ben Bernanke let Bank of America pass 75 trillion of their private debt and 79 trillion of JP Morgan private debt onto the books of the FDIC?
FORBES: Talk Show Host Alex Jones & Guest Call For Run On Banks
Congress should let the Fed issue its own debt, which would give it scope to tighten monetary policy without disorderly sales of the illiquid private debt it has taken on.
How exactly, for example, does Sir Mervyn think you could agree to restructure the private debt that is causing so much trouble, in an era of 24-hour news and round-the-clock leaks?
When sovereign and private debt markets changed their minds about the desirability of further lending to these countries, governments, businesses and households were all placed under serious pressure to run down their debt levels.
Private debt is a burden, however, and along with economic stimulus programs we must come up with a means to relieve households so that they will feel free to spend their income on new purchases rather than paying down loans.
FORBES: The Great Recession: How We Got Here (and How to Get Out)
"The DOE loan program provides an important financing 'bridge' at a time when the U.S. private debt markets have little to no experience financing first of their kind utility-scale solar projects, " First Solar Chief Executive Rob Gillette said in an email.
The first measure comes from the Bank of International Settlements, which found that if private debt as a share of GDP accelerates to a level 6% higher than its trend over the previous decade, the acceleration is an early warning of serious financial distress.
Russia also wants to gain debt forgiveness from Western governments, after reaching agreement earlier in the year to reschedule its private sector debt.
More worrying, says Carlos Anderson of Lehman Brothers, an American investment bank, is the skyrocketing level of private external debt.
From 1980 through 1990, private sector debt increased at 5% CAGR, government debt has grown at about 7% since 1990 (at 5% CAGR since 2000), Bloomberg statistics show.
应用推荐