Debts Quotations | Page 2

One way to ease liquidity for banks is that the government can buy all highly rated securities held by the banks. Every single bank in the U.A.E. has some sovereign debts in their portfolios. I am not asking them to buy any junk bonds, rather the high quality U.A.E. government debt.

My daughter graduated from college in 1985. She had a very close friend who is still paying off credit cards. They're not academic type debts. This woman is in her mid-30s, has a wonderful job and wonderful earnings, but so much of it goes to paying off her credit cards for debts incurred 15 years ago.

The evergreen story of people in debt becomes even sexier in an economic downturn, when debts inevitably get harder to pay.

They are signing on for large debts with low initial interest rates that can skyrocket ultimately.

The greatest loss from bad debts occurs by waiting too long before starting the collections process. That is why so many companies are comparing collection agencies now so they are prepared to use them just as soon as problems hit in the weeks ahead.

Thanks to unique circumstances -- a great deal of disposable income paired with fewer recurring debts -- the teen segment tends to have a much bolder attitude toward spending than does the general population.

The main difference this time is the restructuring of the domestic economy, playing down the excessive debts and other hangovers from the asset bubble of the 1980s, and those adjustments have been done. In the past we've had recoveries driven by export growth but no real adjustment in the broader economy in areas outside of exports and manufacturing.

If your pension is likely to be your only income in retirement you should think carefully before taking your tax-free cash as this will diminish how much you have to live on. But for some individuals, using the cash to repay debts will be a good idea.

Wealthy people with means should be required to pay something on debts and not be able to walk away from them.

We also serve clear notice that this agreement is only a first step on a long journey. We will continue to pressure world leaders to cancel the debts of all impoverished countries in the months and years ahead.