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CNBC

China's new problem: 'Frenzy' of consumer lending creates debt 'explosion'
CNBC
The Chinese government is moving to tackle high debt levels, but the country is still borrowing more, Deutsche Bank said in a report released Thursday. That's because short-term consumer debt in China has begun to surge as authorities try to alleviate ...
So When Will China's Debt Bubble Finally Blow Up?Seeking Alpha
IMF's China debt warnings are eerily familiarAsia Times

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Muskogee Daily Phoenix

Options to help with student debt
Muskogee Daily Phoenix
The increased cost of a college diploma has contributed to the tripling of outstanding student loan debt that has accrued during that same period. The Federal Reserve Bank of New York reported that federal student loan borrowers, on average, owed more ...

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Business Insider

One of the most prominent Chinese analysts is sounding alarm on the country's debt
Business Insider
LONDON – Charlene Chu, an influential China analyst, of Chinese debt, warned the country's debt problem is starting to have global implications. Speaking to the Financial Times' Gabriel Wildau this week, Chu said: "Everyone knows there's a credit ...

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Student loan debt crushing older Americans too
Fox Business
As previously reported by FOX Business, outstanding student loan debt has increased by more than 457% since 2003. Correspondingly, average loan balances have grown among individuals. The FICO data shows that retirement-aged Americans, 65 and ...



Bloomberg

This Asset Manager Says UK Consumer Debt Bigger Challenge Than Brexit
Bloomberg
Pyrford International Ltd. Chief Executive Officer Tony Cousins says he's avoiding U.K. banking and retail stocks because the country's economy is set to weaken as consumer debt piles up. That's a bigger problem than Brexit, says Cousins, who is also ...

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CNBC

Fed's Kashkari: Debt ceiling a factor in decision to unwind bond portfolio
CNBC
The Federal Reserve will take into consideration government efforts to raise the federal debt limit in deciding when to start winding down their large bond portfolio, said Neel Kashkari of the Minneapolis Fed. The U.S. government is bumping up against ...

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CNNMoney

Former Corinthian students will get debt relief
CNNMoney
About 41,000 students who took out private loans to go to Corinthian College will be eligible for debt relief. The Consumer Financial Protection Bureau and 13 state attorneys general said Thursday that they had reached a settlement agreement with ...
AG obtains $7 million in debt relief for nearly 2000 Washington student borrowersAccess Washington
Regulators extract $192 million student debt settlement from AequitasOregonLive.com

all 27 news articles »


Louisiana Debt Refinancing Estimated to Save State $54M
U.S. News & World Report
State Treasurer Ron Henson's office announced Thursday that the refinancing will free up more than $54 million for infrastructure projects. Annual savings in debt repayment will range from $1.5 million to $2.7 million through 2045, while the principal ...

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We're racing towards another private debt crisis - so why did no one see it coming?
New Statesman
The lie I am referring to is the idea that the financial crisis of 2008, and subsequent “Great Recession,” were caused by profligate government spending and subsequent public debt. The exact opposite is in fact the case. The crash happened because of ...


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