Archive for the ‘Economics’ Category
Japan or USA: Whose national debt problem is worse?
Thursday, December 3rd, 2009Given that the UK/US can just print more money, why is large government debt such a problem?
Wednesday, December 2nd, 2009
Tez asked:
Also, why does having large government debt threaten the UK’s triple A rating, given that the UK could create money to pay off debt?
Also, why does having large government debt threaten the UK’s triple A rating, given that the UK could create money to pay off debt?
Interesting final thought, as the dollar is the world’s reserve currency, surely the US has more scope for “printing money” to pay off its national debt?
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How do lack of education, high national debt, and trade barriers affect developing nations?
Sunday, November 29th, 2009
Spencer asked:
A. They reduce the workforce and encourage foreign investment.
B. They create the basis for poverty.
C. They make it impossible for democracy to prevail.
D. They force the government to impose high taxes on everyone.
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A. They reduce the workforce and encourage foreign investment.
B. They create the basis for poverty.
C. They make it impossible for democracy to prevail.
D. They force the government to impose high taxes on everyone.
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How can I reduce my balance-to credit limit ratio when I can’t make large payments?
Thursday, November 26th, 2009
neurogrrl asked:
Would refinancing with a consolidation loan or debt reduction proagram help my credit score? I am trying to get private loans for med school and being turned down.
Thank you, yahyajanney, but it’s only one card and I only have 2 months before I start school; I can’t risk using my cash flow to pay down my card when I might not get a loan.
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Would refinancing with a consolidation loan or debt reduction proagram help my credit score? I am trying to get private loans for med school and being turned down.
Thank you, yahyajanney, but it’s only one card and I only have 2 months before I start school; I can’t risk using my cash flow to pay down my card when I might not get a loan.
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Is there anything in it for credit card companies to reduce my interest rate?
Thursday, November 26th, 2009
kamui r asked:
I’m in the process of paying down my debt and it would be nice to do it at a more reasonable interest rate. Basically all of my cards are in the 20% range and i’ve been told you can negotiate a better rate. My score is in the mid-600’s and all accounts are in good standing. Does anybody have any history of successful negotiation in a similar situation, and if so what’s in it for the company to do so?
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I’m in the process of paying down my debt and it would be nice to do it at a more reasonable interest rate. Basically all of my cards are in the 20% range and i’ve been told you can negotiate a better rate. My score is in the mid-600’s and all accounts are in good standing. Does anybody have any history of successful negotiation in a similar situation, and if so what’s in it for the company to do so?
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Should I quit contributing to 401k and put the extra money I’ll get paid to pay off debt?
Monday, November 23rd, 2009
none asked:
I owe 37k on a home equity line of credit, and another 22k on a car loan. The interest rates on those loans arent that bad (7% and 8%) but I am paying a lot in interest every month. I have been putting the max (15%) of my paycheck into 401k. Does it make sense to reduce my 401k contribution to 1% (so I get the company match) so I can pay off loans faster?
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I owe 37k on a home equity line of credit, and another 22k on a car loan. The interest rates on those loans arent that bad (7% and 8%) but I am paying a lot in interest every month. I have been putting the max (15%) of my paycheck into 401k. Does it make sense to reduce my 401k contribution to 1% (so I get the company match) so I can pay off loans faster?
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The most likely way the public debt burdens future generations?
Saturday, November 21st, 2009
asked:
The most likely way the public debt burdens future generations, if at all, is by:
A. reducing the current level of investment.
B. causing future unemployment.
C. causing deflation.
D. reducing real interest rates.
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The most likely way the public debt burdens future generations, if at all, is by:
A. reducing the current level of investment.
B. causing future unemployment.
C. causing deflation.
D. reducing real interest rates.
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How do you reduce your sleeping hour without drugs?
Saturday, November 21st, 2009
Mr F asked:
I always wanna cut down my sleeping hour to around 5-6hours daily. I’ve tried many times for 2-3 days but the following day will definitely have to pay back the ‘debt’. Plus, I always feel tired during those days…(i dont mean period, im a guy)
I always wanna cut down my sleeping hour to around 5-6hours daily. I’ve tried many times for 2-3 days but the following day will definitely have to pay back the ‘debt’. Plus, I always feel tired during those days…(i dont mean period, im a guy)
Is it normal to feel this way because I just started the new cycle and my body needs time to cope with it? Or there is a better way to sleep less while feeling more energetic without taking drugs? And will it have long term effects?
I can do so much more with the extra 2-3 hours everyday! Please advise…
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Reducing United States national debt. Please help?
Friday, November 20th, 2009
iLoveLifeツ asked:
United States is in debt about $10,617,806,584,635.27. I know that printing out more money from the federal reserve and handing it out in our country would decrease the power of the dollar. But why don’t we just print out more money and give it to countries who we are in debt to? (Japan ($580 billion), China ($390 billon) and the United Kingdom ($320 bilion) Would the same problem of decreasing bang for the buck occur. Or would it be a different problem because it is overseas? This would at least reduce our debt by 1 trillion 290 billion. What are the problems with doing this and is this even legal/ethical? Thanks for any serious answers. 10 pts best answer.
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United States is in debt about $10,617,806,584,635.27. I know that printing out more money from the federal reserve and handing it out in our country would decrease the power of the dollar. But why don’t we just print out more money and give it to countries who we are in debt to? (Japan ($580 billion), China ($390 billon) and the United Kingdom ($320 bilion) Would the same problem of decreasing bang for the buck occur. Or would it be a different problem because it is overseas? This would at least reduce our debt by 1 trillion 290 billion. What are the problems with doing this and is this even legal/ethical? Thanks for any serious answers. 10 pts best answer.
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Question about debt consolidation interest rate?
Thursday, November 19th, 2009
•·÷£a InølvÏÐå(3£ë÷·• [ asked:
Okay lets say I owe money to a bank and I can’t pay the interest rate they are charging me. So I contact a debt consolidation company to help me reduce my interest.
Okay lets say I owe money to a bank and I can’t pay the interest rate they are charging me. So I contact a debt consolidation company to help me reduce my interest.
If this happens…..It reduce the amount of money I’m paying; true..But as it would extend the time ; I will owe more money because of the interest? Or stay the same?
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