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At the end of 2009, Asia accounted for 65 percent of local-currency-denominated bonds in emerging markets, three times the 22 percent share of Latin America.
This year in Latin America, the largest shares of local currency debt were registered in Chile (92 percent), Brazil (89 percent), Colombia (77 percent), and Mexico (75 percent).
They also probably haven’t saved for all of the “unexpected events,” which will eventually become debt too.
In other words, the good money habits for staying out of debt and building wealth aren’t there—their behavior hasn’t changed—so it’s extremely likely they will go right back into debt.
were contributing more than 30 points to the price-weighted Dow , helping it to pare its weekly decline to 0.9%. Overall, the market was bucking up, with the S&P 500 index adding 0.3% at 2,445, and the Nasdaq Composite Index , which suffered the steepest decline in the prior session, gaining 0.6% to 6,252.
But the truth is the debt is still there, as are the habits that caused it—you just moved it!
Hong Kong GDP rises faster than seen HONG KONG--Hong Kong's economy in the second quarter expanded by a faster-than-expected 3.8% from a year ago on strong private consumption and solid exports, prompting the government to raise its full-year growth forecast.
China's fiscal spending growth slows The rise in China's fiscal spending slowed in July.
Unlike bank loans, bonds may be held by retail investors.
Bonds are more frequently traded than loans, although not as often as equity.
Five years of strong growth, balanced budgets, reduced public debt, stable inflation, and increased foreign exchange reserves helped these economies weather the global financial crisis.