Debt Quotes

"The bottom line is that credit-based spending remains incredibly strong. Debt levels continue to rise and if there is any upward adjustment to interest rates, that would have major impact on debt serving costs."

"The ratio of corporate debt to gross domestic product (GDP) is at an all-time high, ... And we don't know exactly what corporate debt is because so much has been parked off the balance sheet and hidden. But, even without knowing what the off-balance-sheet debt is, corporations have too much."

"He needs to maximize his savings for his own retirement as well as his daughter's education, yet his debt is absorbing 43 percent of his monthly income."

"New auctions will satisfy an unusual coincidence of needs on the supply and demand side of the fixed-income debt markets."

"Bankruptcy is a sacred state, a condition beyond conditions, as theologians might say, and attempts to investigate it are necessarily obscene, like spiritualism. One knows only that he has passed into it and lives beyond us, in a condition not ours."

"AWB could not inform DFAT and the UN that that debt was being paid out of these two (wheat) contracts without disclosing that the actions in 1995/1996 had themselves been outside the sanctions."

"There is no doubt that Malawi needs 100 percent debt cancellation as soon as possible, and I will do everything possible to speed that up."

"He who feels pain when paying off debts is not fit to leverage on debts as an investment strategy"

"The total amount of debt that foreigners have bought this year is $66 billion, which is about the amount of the total federal deficit during the same period of time. So in other words, we benefit by basically eliminating the burden of the debt on domestic capital markets."

"Our debt of gratitude is too great to express in words. They gave us the most precious gift -- freedom, ... Today, I salute them."

"The ratings on Sri Lanka are vulnerable due to the country's high government debt and ongoing large fiscal deficits."

"It's good that the IMF realized that they couldn't wriggle out of promised debt cancellation. The IMF must now deliver the funding quickly and without any further delay."

"The IMF realized that the world was watching and they couldn't deny millions of people the promised debt cancellation."

"A resumption of full-scale hostilities could have negative implications for the country's already stressed fiscal and debt position, and likely impair its previously adequate level of external balances."

"Gridlock leads to more debt reduction than either tax cuts or new spending. Because what we will be left with at the end of the day are larger surpluses."

"The prospect now for any reform of Italy's public debt must be close to zero. I wouldn't want to hold Italian bonds until they get to a spread that acknowledges those risks, and they certainly don't at the moment."

"[Buck reveals the club was sinking in a quagmire of debt.] I personally was surprised, ... They had a £75m Eurobond outstanding and it was perfectly clear to the markets that they might have trouble making the July payment. [The then chief executive] Trevor Birch had been in discussions for some time about restructuring that bond. The financial community as opposed to the football community knew there were some real issues."

"It seems unbelievable that the IMF is now boldly undoing the debt deal…agreed at its own annual meetings in September."

"He who is taught to live upon little owes more to his father's wisdom than he who has a great deal left him does to his father's care."

"Consumers have a lot of debt, but they are not in bad shape."