Most of the commentary on national economies focusses on debt in the public sector as a risk to (fiscal) stability... but for many countries levels of private (household) debt are of similar magnitudes, yet this seems (to financial commentators) less of a risk?
Since the last global financial crisis was caused by widespread problems in institutional treatment of the risk of household default(s) on housing debt this seems, shall we say, myopic at the least.
The extraordinary run-up in gold prices has brought unexpected windfalls to millions of Vietnamese, but it has also made traditional wedding gifts unaffordable and all but ended the informal gold mortgage system. https://www.japantimes.co.jp/business/2026/01/30/markets/vietnam-soaring-gold-crushing-weight/?utm_medium=Social&utm_source=mastodon #business #markets #vietnam #gold #debt #banks
China's role as a leading financier to developing nations has shifted, with new loans to poorer countries falling sharply while debt repayments continue to rise, according to analysis. https://www.japantimes.co.jp/business/2026/01/27/economy/african-money-china-loans/?utm_medium=Social&utm_source=mastodon #business #economy #china #africa #debt #beltandroad
Takaichi might surprise markets that are bracing for an unrestrained fiscal dove after the election in Japan. https://www.japantimes.co.jp/business/2026/01/19/economy/takaichi-fiscal-policy-election/?utm_medium=Social&utm_source=mastodon #business #economy #sanaetakaichi #diet #ldp #tse #nikkei #stocks #budgets #debt #economicindicators
Stablecoins are likely to be a factor, not a game changer, in Japan’s bond market as issues will focus on buying short-term debt. https://www.japantimes.co.jp/business/2026/01/05/markets/stablecoins-bond-market/?utm_medium=Social&utm_source=mastodon #business #markets #jpyc #stablecoins #currencies #digitalization #cashless #sbi #shinseibank #banks #bonds #debt #financeministry #japaneseeconomy #jgb
While the government's fiscal 2026 budget bill calls for record-high spending on social security, its efforts to reduce the health insurance premium burden on the working generation are still limited. https://www.japantimes.co.jp/news/2025/12/27/japan/society/burden-working-generation/?utm_medium=Social&utm_source=mastodon #japan #society #health #sanaetakaichi #ldp #nipponishinnokai #budgets #debt #elderly #medicine
Prime Minister Sanae Takaichi said the nation’s primary balance is set to return to a surplus for the first time in 28 years, in an apparent attempt to ease market concerns over her proactive stance on spending. https://www.japantimes.co.jp/business/2025/12/27/economy/primary-balance-surplus/?utm_medium=Social&utm_source=mastodon #business #economy #sanaetakaichi #ldp #budgets #debt #japaneseeconomy
Housing loans with repayment periods of up to 50 years, far longer than the standard 35-year term for long-term mortgages, are gaining popularity in Japan, particularly among people in their 20s. https://www.japantimes.co.jp/business/2025/12/25/economy/japan-superlong-housing-loans/?utm_medium=Social&utm_source=mastodon #business #economy #housing #realestate #debt #japaneseeconomy
The Finance Ministry will set a key rate used to calculate the country’s likely interest payments on bonds next fiscal year at 3.0%, the highest in nearly three decades. https://www.japantimes.co.jp/business/2025/12/24/economy/interest-payments-on-bonds/?utm_medium=Social&utm_source=mastodon #business #economy #budgets #bonds #debt #financeministry #japaneseeconomy
As candidates vie to become chair of the U.S. Federal Reserve, it's unclear whether the central bank will maintain enough autonomy and credibility to manage the economy under pressure from politics and the market. https://www.japantimes.co.jp/commentary/2025/12/23/world/fed-autonomy-credibility/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #us #federalreserve #supremecourt #donaldtrump #dollar #currencies #globaleconomy #debt #ai
A prospective rise in Japanese interest rates could indicate that not only Japan, but also other heavily indebted economies, including the United States, could face sharply higher yields on government bonds. https://www.japantimes.co.jp/commentary/2025/12/16/japan/japan-global-debt-warning/?utm_medium=Social&utm_source=mastodon #commentary #japan #boj #debt #monetarypolice #japaneseeconomy #globaleconomy #inflation
Mounting #debtcrisis means #globalSouth governments are spending on average 15% of their revenue servicing external #debt. This figure has doubled since 2010.
More than 3.4 billion people now live in countries that spend more on interest payments than on #health or #education.
https://globalinequality.org/debt-financial-outflows/
#Politics #Democrats #Republicans #Liberals #Conservatives #DemocraticParty #RepublicanParty #DonaldTrump #Trump #JoeBiden #Biden #KamalaHarris #TimWalz #Democracy #USA #Musk #Fascism #Fascist
Mounting #debtcrisis means #globalSouth governments are spending on average 15% of their revenue servicing external #debt. This figure has doubled since 2010.
More than 3.4 billion people now live in countries that spend more on interest payments than on #health or #education.
https://globalinequality.org/debt-financial-outflows/
#Politics #Democrats #Republicans #Liberals #Conservatives #DemocraticParty #RepublicanParty #DonaldTrump #Trump #JoeBiden #Biden #KamalaHarris #TimWalz #Democracy #USA #Musk #Fascism #Fascist
These Health Centers Are Supposed to Make Care Affordable. One Has Sued Patients for as Little as $59 in Unpaid Bills.
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Federally funded community health centers receive grants in exchange for serving patients regardless of their ability to pay. But ProPublica found at least five across the country filing lawsuits and garnishing paychecks to collect unpaid bills.
https://www.propublica.org/article/federally-qualified-health-centers-unpaid-bills-lawsuits?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
Tech companies are crying that Americans aren't buying new phones fast enough to keep the economy stimulated. Wages have been stagnant for, what, 44 years and you've got the gall to keep raising prices and cry we're not buying enough?
I don't think you should reward this shit with a click but, in case you must, I've got a barely tweaked URL to save you the trouble I already spent looking up the article.
source: cnbc DOT com/2025/11/23/how-device-hoarding-by-americans-is-costing-economy.html
RE: https://toot.cat/@EveHasWords/115606885361754835
THIS IS IMPORTANT!
because if wages have been stagnant for 44 years, that means people have been going into #debt, using credit cards to buy what they can’t afford.
make it a priority to not use your credit card for the next month. can’t pay cash? don’t go into debt. stick with that phone or computer or car for as long as you can.
the less you use your credit cards, the less #billionaires we will end up having.
starve the #oligarchy of our debt.
Tech companies are crying that Americans aren't buying new phones fast enough to keep the economy stimulated. Wages have been stagnant for, what, 44 years and you've got the gall to keep raising prices and cry we're not buying enough?
I don't think you should reward this shit with a click but, in case you must, I've got a barely tweaked URL to save you the trouble I already spent looking up the article.
source: cnbc DOT com/2025/11/23/how-device-hoarding-by-americans-is-costing-economy.html
RE: https://toot.cat/@EveHasWords/115606885361754835
THIS IS IMPORTANT!
because if wages have been stagnant for 44 years, that means people have been going into #debt, using credit cards to buy what they can’t afford.
make it a priority to not use your credit card for the next month. can’t pay cash? don’t go into debt. stick with that phone or computer or car for as long as you can.
the less you use your credit cards, the less #billionaires we will end up having.
starve the #oligarchy of our debt.
“People are feeling a squeeze across the board, but what’s even more alarming is that we’re seeing people struggling to pay for these very, very basic necessities,” said Julie Margetta Morgan, president of the Century Foundation, a liberal think tank. “ #Electricity is not a luxury; it isn’t optional.”
#economy #affordability #CostOfLiving #Trump #inflation #recession #trumpcession
Nearly 1 in 20 households, or about 14 million Americans, were so behind on #utility #debt that it was reported to collections agencies or in arrears as of June, according to an analysis by the Century Foundation & Protect Borrowers, a nonprofit that advocates for consumers. Meanwhile, the average overdue balance of $789 has risen 32% since 2022.
#economy #affordability #CostOfLiving #electricity #Trump #inflation #recession #trumpcession
Are consumers just tech debt to Microsoft?
https://birchtree.me/blog/are-consumers-just-tech-debt-to-microsoft/
#HackerNews #Are #consumers #just #tech #debt #to #Microsoft? #techdebt #Microsoft #consumers #technology #blog
The U.S. is the biggest recipient of China’s lending activities, according to a study that tracked Beijing’s credit activities and found it was increasingly lending to higher-income countries. https://www.japantimes.co.jp/business/2025/11/19/us-chinese-loans-study/?utm_medium=Social&utm_source=mastodon #business #debt #us #china
From Nigeria to Kenya, Citigroup’s Daniel Lebetkin has watched investors snap up debt at a blistering pace. One thing hasn’t changed: African nations pay more to borrow. https://www.japantimes.co.jp/business/2025/11/17/economy/africa-highest-costs-borrow-money/?utm_medium=Social&utm_source=mastodon #business #economy #africa #kenya #nigeria #southafrica #debt
