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  • November 24, 2014
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  1. Business - Banking & Finance

    US consumer debt rises despite less use of credit cards

    Posted Nov 08th 2013, 12:42pm by Reuters

    ... Reuters in Washington US consumer credit rose more than expected in September, but credit card usage fell for a fourth straight month, which could help shed some light on the slowdown in consumer spending growth during the third quarter. Total consumer cr ...

  2. Business - Comment - JAKE'S VIEW

    HKMA chief's household debt fears overblown

    Posted May 07th 2013, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp jake.vanderkamp@scmp.com A clearer view of indebtedness reveals nothing to fret over, despite HKMA chief's alarmist talk Household debt concerns can be shown the door Soaring household debt and rampant consumer spending have put Hong Kong's economy at risk of overheating, the city's central bank boss said yesterday. SCMP, May 4   Let's ...

  3. Business - Economy - COMMENT

    US household debts grow amid investment drought

    Posted Nov 22nd 2013, 03:02am by Reuters

    ... James Saft Conflicting spending patterns are blamed for soaring asset prices in a bleak job market US household debts grow amid investment drought Households in the United States are borrowing like it's 2008 but businesses simply won't play along. That gap, between households which once again are taking on debt and businesses which can find nothing better to do ...

  4. Business - Comment - MONITOR

    Why the HKMA should fret over consumer debt

    Posted May 07th 2013, 12:00am by Tom Holland

    ... of trying to live beyond their means. Among other things, Chan is worried that private consumption is growing faster than incomes, and that the city's level of household debt is rising, ... points out, household debts have actually declined as a proportion of total loans. I am not so sure he should dismiss the debt-to-GDP measure so lightly. After all, the ratio of a country's ...

  5. Business - Economy - FINANCES

    Economy at risk of overheating warns HKMA chief

    Posted May 04th 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com HKMA boss warns rising levels of household debt and high consumer spending could see families left in a vulnerable financial position Economy at risk of overheating, says bank chief Soaring household debt and rampant consumer spending have put Hong Kong's economy at risk of overheating, the city's central bank boss said yesterday. Norman Chan ...

  6. Comment - Debates

    Jake van der Kamp versus Tom Holland: who is right on Hong Kong consumer debt risk?

    Posted May 07th 2013, 10:27am

    ... household debt made by Hong Kong Monetary Authority chief Norman Chan Tak-lam. Chan contended on Friday that the city’s economy was at risk of overheating because of “household debt and rampant ... [Also] household debt now stands at about 35 per cent of total loans, down from 45 per cent 10 years ago. Overheated? Really? Coming to Chan’s defence is columnist Tom Holland, who argues ...

  7. Business - Banking & Finance - FINANCE

    Rising interests rates means more pain for Hongkongers, says HKMA

    Posted Sep 26th 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Ratio of household debt to GDP increases to a high of 62 per cent, putting families at risk Interest rate rise will bite, HKMA says Rising interest rates in future could spell greater pain for Hongkongers as household debt in the city soars to all-time highs, even as they borrow less to buy homes. The ratio of household debt to gross domestic product ...

  8. Property - International - SWEDEN

    Sweden's opposition party pushes for lower mortgage rates

    Posted Sep 10th 2014, 04:43am by Bloomberg

    ... to make housing more affordable. Andersson also suggested relaxing some rules designed to stem the growth in household debt, which is at a record high. The Social Democrats' embrace ... Households with mortgages owe their creditors an average of almost four times their disposable income while the overall average debt load of Swedes is about 175 per cent. The central bank ...

  9. Property - International - SOUTH KOREA

    South Korea's homebuyers buoyed by eased mortgage curbs

    Posted Aug 27th 2014, 05:34am by BLOOM

    ... the most stringent lending rules. Korea has avoided the surge in home prices seen in Hong Kong and Singapore in the past five years as the government tackled record household debt levels ... reside, have been stagnant since they peaked in 2008 after the previous decade of boom elevated household debt. Easing mortgage curbs to boost the property market is at the centre of Finance ...

  10. Business - Economy - MACROSCOPE

    Korea risks economic own goal as stimulus fuels debt binge

    Posted Oct 28th 2014, 05:42am by Reuters

    ... as stimulus fuels debt binge South Korean households are piling on debt at the fastest rate in eight years, thanks to big-bang stimulus launched by the new finance minister. But as global growth ... in July, analysts say, and immediately set about re-energising the economy with an US$11 billion-plus stimulus package. The impact has been seen in the debt binge by Korean households, which ...




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