cheap credit

After gorging themselves silly on cheap credit, about a year and a half ago US consumers began a much needed detox.

Cheap credit and soaring house values were the immediate causes of the bubble and of all that followed when it burst.

It is often called on by the country's leaders to provide cheap credit to the ruling Communist Party's pet projects both at home and abroad.

The cheap credit ignited an explosion in consumer spending. For the next seven years the economy expanded at a strong annual rate of 4. 2%.

Much of this money flowed back to developed countries in the form of cheap credit, leading to excessive risk-taking.

For a time the effect on living standards was masked by the explosion of cheap imports and cheap credit.

Dubai was the epitome of the cheap credit property boom, with developers using inexpensive loans to finance grandiose building projects.

It has done nothing to reduce the enormous subsidies in the form of cheap credit to favored state-owned firms.

This is an inevitable result of the cheap credit that has been applied as a salve for the financial crisis.

Next on America's agenda: China's habit of channelling cheap credit to its huge state-owned enterprises, fuelling "trade tension" .

However, the end of the era of cheap credit and the global economic downturn has led to a sharp fall in such activity.

Congress is able to assure itself that it will finance the stimulus with cheap credit.

Cheap credit continues to be lavished on state-linked firms while hurting savers, private firms, and employment growth.

Hedge funds can no longer get cheap credit lines from banks, and many special investment vehicles and conduits have virtually collapsed.

Cheap credit will not always be available.

Cheap credit, a construction boom and domestic consumption, not investment, have been the main motors of growth.

South Korea has taken a different approach. Unlike the public pump-priming practised by Thailand, it showered consumers with cheap credit.

The availability of cheap credit over the past five years led to an expansion in the supply of films being produced.

During the boom, companies had access to cheap credit, which increased the number of profitable projects they could fund.

For the wider economy, this dries up the supply of cheap credit to banks' customers.

However, with little experience of commercial borrowing, South Koreans struggled to handle the sudden availability of cheap credit.

That meant keeping production high and sustaining sales with costly dealer incentives, cheap credit and heavily discounted fleet sales.

These repayment problems necessitated larger government subsidies and cast further doubt on the virtues of providing cheap credit.

A cheap yuan keeps many foreign goods unaffordable, protecting state-owned enterprises, which also benefit from cheap credit.

Financial Secretary John Tsang earlier this month warned investors not to count on cheap credit.

Each time, officially sponsored banks flooded the market with cheap credit-much as their successors have done recently.

Banks have tightened their purse-strings and the cheap credit that financed deals during the private-equity boom has dried up.

That would reduce the transfer of wealth from savers to well-connected corporations, which enjoy cheap credit.

First, cheap credit, especially lease finance, and home-equity withdrawal let people buy more expensive cars in recent years.

BNDES, a state development bank, spewed out cheap credit.

To support that boom, Ireland's banks supplied huge amounts of cheap credit to property developers and home buyers alike.

But right now we're awash in cheap credit; what's lacking is sufficient demand for goods and services to generate the jobs we need.

The economy, in other words, will remain awash in cheap credit. That view has helped to power the stock market recently.

Some of the state-directed cheap credit that powered the chaebol produced superb companies, such as Samsung Electronics and Hyundai Motors.

However, cheap credit might evaporate as global financial markets lost their appetite for risk.

Cheap credit causes greed, miscalculation and eventually ruin.

Meanwhile, retail financial markets have hummed as cheap credit powered housing booms in the Anglo (and other) economies.

Rapid urbanisation, abetted by cheap credit, lies behind the boom.

But money is money, so the infusion of cheap credit will help the carmakers pay their bills next year.

Cheap credit and government largesse are palliatives that at some point will be withdrawn.

America, Britain and other deficit countries have drowned themselves in cheap credit from abroad.

While the state seeks new technology, it also uses control of banking to feed cheap credit to industries it wants to foster.

China sees potential for more growth in Brazil, whose expanding middle class has reached 95 million, many of them armed with cheap credit.

First , according to Kindleberger , bubbles are driven by cheap credit .

It is cheating by directing cheap credit to favoured industries.

The result was a surge of cheap credit.

The lesson for us is that massive budget deficits and cheap credit are, at best, necessary stopgaps.

The first was cheap credit, and the second, vast new pools of capital.

Cheap credit has become the market's main driver.

In addition, the government is reducing the supply of cheap credit and has moved to liberalise prices for energy and other utilities.

If you're living high on that cheap credit hog