Just who benefits from quantitative easing? WalesOnline
Gilt-edged opportunities not all they seem to be for nervous investors
WHEN the Bank of England reported last week that the interest rate was remaining the same and that it was printing just half of the £50bn in additional cash that it plans to pump into the economy, many investors were no doubt left wondering how quantitative easing (QE) could affect their assets.
It may surprise some of you to learn that the Bank has already put an additional £175bn into the economy since March. With another £25bn over the coming three months, that will add up to 15% of Britain’s annual £1,400bn GDP.
The Bank has mostly used the money it has created to buy government debt, also known as gilts, as well as some corporate bonds, including from pension funds.
This should mean that this new money ends up in the hands of investors in long-term securities. Then these funds should be lent out again, bringing down the cost of borrowing and stimulating consumer demand.
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Eleven Trillion Dollar Drive By Jason Goldtrap JasonGoldtrap.com 03.23.09 I will be on the Fox Business Network, Thursday, June 18 at 4pm EST ...
what advice should we give our next president about national debt?
we already owe like trillions of dollars but what are solutions to help solve this problem?
Minimize borrowing by improvement of the collection of taxes and expand sources of government income.
http://www.mydebtfreelife.co.uk/index.php/Debt-Videos/The-History-of-Debt/where-did-the-national-debt-come-from.html
Debt Advice Please...?
Hi, I need some advice on debt cuz at the moment i am going mad!
I recently moved which meant i lost my job, so i am unemployed and looking for work. I get JSA which isn't much its like 47.95 a wk i think.
I am in debt jst over 5,000 i opened these accounts years ago when i was employed. I used to pay them through a DMP but stopped as they wouldn't accept anything less but 120.00 a month and also when i looked in2 it not much of my debt was being paid off so they must have been taking huge fee's.
I got advice from national debt line and made a budget sheet and sent it off to all my creditors with a letter explaining my situation.
Nearly all of them have not accepted my offer, i get letters all the time saying i am in arrears or that they are passing my details onto a debt collector. I keep writing to them to say i cant give what i haven't got but they keep denying my offers.
I've tried contacting CAB they said i have to ring to make an appointment yet when i ring i get the answering...
machine and they dont return my calls.
I just dont know where to turn anymore, i thought if u were offering to pay and paid the offered ammount a month they couldn't take you 2 court.
I am looking 4 wrk, trying so hard i dont like being skint!
My partner has a job but all he's money is spent on bills as my JBA goes on debts and i cant help him with the bills.
I didn't mean 2 get into this mess, i feel so depressed, have no1 to turn to or talk to about this.
Its going to kill me worrying so much.
Has anyone else been in a situation like this?
Anyone got any advice, anything would be a huge help right now.
Thank You
Right, firstly it's not as bad as you think. Creditors are evil and immoral twats that think they're bigger than they are. It is their intent to make you worried and scared, I assure you the law is on YOUR side, despite their attempts to make you think otherwise. If/when they pass it on to debt collectors don't worry! These people are even more evil, but as long as you know what your rights are and make them know that then you'll be fine. They HAVE to accept what you offer if you provide proof that it is all you can afford. If they don't like it they may try and take you to court, again DON'T WORRY, the court is not there to look at you as a criminal it is there to find a payment solution, and they will instruct you to pay what you can afford and the collectors to accept it.
Speak to these people, they're called Consumer Credit Counselling Service. They give free advice, and will act as a middleman if you so wish. All their services are completely free, and they are VERY helpful. When you ring them they'll ask you for a brief explanation of what you need to talk about then they'll book you a phone appointment for which you just need to prepare your income and expenditures. They helped me out a lot, and made me aware of my rights and the ACTUAL processes involved, not the ones I'd been convinced into believing.
http://www.cccs.co.uk/
http://www.consumeractiongroup.co.uk/forum/
Forget CAB - try CCCS or Payplan - they are usually very helpful.
Good luck
They will handle all your creditors FREE. They are charities and are funded by a levy paid by all the Credit Companies. They will also give you really good advice.
Other Debt Management Companies (like the ones that advertise on the telly) just rip you off, Keeping the first months payment for themselves and a proportion of every payment.
Good luck with getting it all sorted!
Why Japanese national debt is so high? 10 points for the best help.?
Japan has large economy and big market. How come Japan is in so much debt?
Please look at the data. I need thoughtful advice. Thank you
http://en.wikipedia.org/wiki/List_of_countries_by_public_debt
External debt (debt to foreign countries) and national debt (government debt to its own nation) are totally different two things.
Unlike the U.S. (the world largest debter nation), Japan's external debt and the ratio to its GDP is nominal.
http://www.nationmaster.com/graph/eco_deb_ext-economy-debt-external/AFR
Japan's foreign reserve is the second largest in the world.
http://en.wikipedia.org/wiki/Foreign_exchange_reserves
Japan's economy is still one of the largest in the world.
Talking about the national debt (or public debt to its own nation), there is nothing to do with the nation's power in relation to the world economy. Because the money borrowed from its nation is to spend for its national economy from which the government can expect more tax revenue.
In other words, public debt by the government is a system by which the whole nation supports the whole nation reciprocally. All the members of your family is supporting your family, so to speak. As long as your family members work hard to make the ends meet, your family can survive.
In case of the U.S., the primary balance is better than that of Japan and its public debt is smaller; however, huge amount of its external debt, due partly to the wars over tha last two decades, is a serious problem. In addition, you need to keep the fact in mind that extensive portion of the U.S. national budget is born by China and Japan.
Basicaly, Americans taught Japanese goverment to spend more money if the goverment have enough money and have to borrow it.
It's a aggregate demand management of Keynes's economics.
http://en.wikipedia.org/wiki/Keynesian_economics#Postwar_Keynesianism
http://en.wikipedia.org/wiki/Monetary_policy
Japanese government was "a good student" of the U.S. after the WW2 not only on politics but also on Keynesian approach of stimulating the economy.
In that days, Keynes's theory of effective demand was becoming popular because of the economical victory on the Great Depression from 1929, and the U.S. becoming the center of Ecomonics (not only economy).
Japanese economy was totally destroyed by boming of U.S, but U.S. wanted to recover Japanese ecomony in the new harmony of the world, so called "the cold war" agaist Soviet Union.
Then, Japan took a Keynesian style ecomonical policy and suceed reconstruction of its industory very quickly, as U.S. expect.
This is a first, lucky story of Japanese debt after WW2, may be 1950-1970.
(before WW2, both politicians and economist are not mature enohgh to take Keynes-style policy, and Japan sometimes went to depression because of the balanced fiscal policy.)
Everything has bad side.
The second story from around 1970 is not so happy.
Because Japanese lobbyists of constructors got tast for constructions by govermental bugdet and they got more and more power with perticular politicians, nobody could stop spending huge money on constructions of many roads, buildings, ports, earth filling of bay area, even Japan already .
During 1970-1990 our government loose the budget flexibility and getting into cronic budget deficit.
Finally, Japan got critical depression from 1990 and national debt increased rappidly.
For both japanese government and personal division that have been familier to the total demand control policy, there is no choice to increse national dept.
This is main reason why the ratio of Japanese national dept is so high compered with other countries.
please see the gragh of Japanese national bonds that are over half of the national debt.
http://ja.wikipedia.org/wiki/%E5%9B%BD%E5%82%B5
Anyway, Keynes-style economics is like a kind of bible for Japanese interectual people who knows economics.
Although main reason is a policy of this 20 years, but it's root is Keynesian policy and it's operation Japan have been taken.
The politicians of LDP conspire with constructors called Dokenya土建屋, and they corrupted. They lined their own pockets by exploiting national finance.
More important point is the truth that their useless projects had destroyed beautiful nature and historical scenery, and they slaughtered wild animals and plants. Ex minister of agriculture Matsuoka had killed raccoon dogs, foxes and bears by construction of roads in forests. Dams of Isahaya and Nagaragawa are exterminating fishes.
Deficit and investment in corporation? 10 points for the best advice. Thank you?
Hello,
I have a question. I have read an article about corporation in North Korea like automobile and electronics. Those corporations are in so much debts. For example: LG electronic has billion dollars in debt? How come companies still operate and claiming their companies are growing rapidly?
Is the national debt go hand-and- hand with the national deficit. For example: the US is the richest nation on earth. How come the US has 9.5 trillions dollar debts?
Well, I have no knowledge in business. Please advice.
Well, Hope, you don't have knowledge on geography as well. LG is from south Korea, and not the north. Kim IL Sung was from the north and his son now rules DPRK (north Korea); as in the bad guy in the James Bond movie, "Die another Day".
Corporate growth can be financed by loans, subsequently costing them large debts. In so long as they can finance their debts with their incomes, and coming out with profit, they are in great shape. We, bankers, call that cash flow.
AS for the country like US, it is amazingly unfair because the whole world is trading largely in USD, the US currency. Even the oil price is effected by the USD exchange rates daily.
It's unfair because in the 70's gold-back currency system was abolished in favour of the cross currency back (basically USD from then on, but now countries opt for multi-currency basket like Thailand). The US is pumping it's USD own currency into helping the sub-prime loss-ridden banks, and I've no clue what's gonna happen in the aftermath.
Go for PHD in Economics and correct the flaws in Capitalism.
need debt advice?
owed old address money three years ago . was really stuggling back then now im in a better position to move into a rented property but the lettin agency wants my national insurance no. will they find out about my previous credit history
Go for a private landlord. Letting agencies are only there to cash in on you anyway.
Perhaps if you rent without using an agency you will get away without the check, but you may get a dodgy landlord. Swings and roundabouts eh?
If you don't take steps to repair your credit, make sure debt is paid, have landlord or collection agency send letters to credit bureaus indicating that you did pay, this problem will just stick with you wherever you go, and come up on every credit check (car, rent, house, credit card app, etc.)
So you should check elsewhere on Y!Answers to find out how to check your credit reports and fix problems ASAP, because the quicker the problems are fixed, the sooner your credit rating can begin to recover.
***CAN someone please help me with TRUCK TIRE advice??***?
Okay, gang, here it goes.
We are searching for:
235/75/R 15 (and R 16) Radial tires for our two Chevrolet Silverado C-1500, 2 wheel drive trucks (years 1996 and 2003).
We are interested in:
1) a triple tread tire that is great in the rain
2) raised white letters (or outlined letters)
3) not HORRIBLY expensive!! I mean, we don't want to pay the national debt of a small country to outfit both trucks, y'know?
Many thanks in advance for any help, advice, stories from personal experience,suggestions (keep them clean, please, this is a family show) that will help us in our quest for great, safe tires.
DRIVE SAFELY!
Thank you again.
go to America's tire(discount tire) and save big time and get some quality tires, they are cheaper there because they do nothing but tires, no tune-ups etc. and they BUY your old tires the 2nd time you go back to get new tires. I just bought 4 BF Goodrich for my SLT GMC and only paid $386.00.
Big O wanted $658.00 for the exact same tire.
I'm thinking of joining the air national guard but I'm almost 26. Am I too old? Whats it like? Advice?
Joining the military is something I've always thought about doing but never did. I'm thinking of joining because I can travel for the first time in my life which is something I've always wanted to do, I can get training in something else other than being a cop which is waht I am now, I can pay for my college that I'm doing now, and I could use the sign on bonus money to pay off some debt. I have heard horror stories about the military and I've heard great stories but I'm just not 100% sure. I'm single, have no kids, and I don't own a home. Since I'm about to turn 26 and have nothing to tie me down I'm thinking "why the hell not?"... Will someone please give me some insight or advice as to what I should do?
I'm in a similar situation. I'm 25 and considering joining the Army. There are some very good benefits to joining. I have been doing a lot of research on all of this. The best place I've found for good information is at http://usmilitary.about.com
That site will answer just about any questions you have. Don't be afraid to talk to a recruiter, but remember it's your life and your decision so don't let anyone talk you into anything you don't want to do.
debt help companies?
does anyone know if any of these companies are helpful to you when you are trying to pay debts by giving advice etc? I tried spectrum but they wanted money from me, for them to help me! Ive heard of national debtline, and debt reducers?
The CAB are dreadful, avoid them because they are volunteers and NOT trained specialists.
The best place that will help you free of charge and give you all the support you need is the Consumer Credit Counselling Service:
www.cccs.co.uk
Speak to them as soon as you can. They will bend over backwards to help you out.
All the info you need is on the website, they are really kind and friendly, so don't not be scared to call them.
They will listen to you and let you explain your situation, then they will advise you (free of charge) the best way to help you get back on your feet.
Anyone in the Army National Guard or know anything about it? I need some advice...?
I'm thinking about joining. They say they will pay off my existing student loans up to $20,000. (I have $18,000 in student loan debt and no degree to show for it). They will also give me a $20,000 sign on bonus. I will be gone for basic training for 9 weeks. I will also get the GI Bill (about $18,000) for going to school for any 4 year degree I want and they will pay for my schooling. These benefits are so great! I'm just not sure if I want to do this because I will have to be away from my fiance for a while for training (about 4 months total). I will also have the ability to be deployed. My fiance is already in the National Guard and he loves it. I just don't want the time apart to ruin our relationship. I guess we can have our time together once we are done with all of this. It's a 6 year contract and a life changing decision but I feel like this is an opportunity for a better future. I'm scared. How can I be sure this is the right decision for me/us?
The time apart can be hard on a relationship, but if you write letters and communicate things will be ok.
When I got done with Basic Training, I proposed to my girlfriend during leave, and then had to be gone again for about 4 more months of training. At AIT, you will get get your cell phone back, so you can remain close to your loved one. Sure, you won't see him or be able to spend time with him, but because you can remain in contact with him it makes training something bearable, and may even strengthen your relationship. And if your relationship cannot stand a 4 month seperation, than it really wasn't meant to last in the first place.
Someone know a safe investment in these turbulent times? Canadian perspective please.?
I currently have investments in a money market fund but word has it that the U.S. economy is in huge trouble and the bubble could burst in the next 12-18 months. If that happens my current investment is going to tank. It's only about 9 G's but it's the savings for our children's education. I'm not sure about government bonds or T-bIlls but the feds are in over their heads with the national debt so they too will feel the effects of a struggling economy south of the border. Any advice will be most appreciated, thanks!
I don't think you will find a safer investment than a money market fund. Anyhow, if you really want a safe investment put your money in Canada Savings Bonds. There is virtually no risk of default because savings bonds are guaranteed by the government.
If the government goes broke it doesn't matter where your money is we are all in trouble.
advice debt national - News
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A failed president - Ottawa Citizen
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