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Student loans, credit cards, mortgage, and public debt have all hit recent highs. Many state governments are having problems paying for their pensions. The US government's debt to GDP ratio is over 100% or over $50,000 per person. If unfunded liabilities like social security are included the US debt is over $70 trillion or over $200,000 per American citizen. The debt to GDP ratio in Japan is over 200%. Personal, student loan, corporate, and mortgage debt are also near record highs in the USA.
Will tax code policy like limiting interest deductions encourage corporations to use more equity and individuals to borrow less?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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