Utilisateur:Taylor127

Version du 3 août 2013 à 02:42 (voir la source)

Taylor127 (discuter | contributions)

(→Fuel Fix Phillips 66 Partners launches IPO : nouvelle section)

← Modification précédente

Version du 3 août 2013 à 08:52 (voir la source)

Taylor127 (discuter | contributions)

(→Some Perspective on Student Loan Debt Fears : nouvelle section)

Modification suivante →

Ligne 292 :

According to a Securities and Exchange Commission filing, the partnership said it expects Phillips 66 ��will offer us opportunities to purchase additional transportation and midstream assets that it may acquire or develop in the future or that it currently owns.��</html>

+

== Some Perspective on Student Loan Debt Fears ==

+

<html>College is expensive—and getting more so in recent years, with costs advancing at a rate far exceeding overall inflation. And many students borrow (occasionally heavily) to meet the expense—including some who have no immediate hope of repayment after graduation. With government college loan rates potentially set to reset higher in July, this has ignited fears of a potential debt-drag on US economic growth. Yet, given some perspective, these fears seem very unwarranted from a market and economic impact point of view.

+

The issue at hand seems to be the scheduled July 1, 2013 expiration of 2007 legislation that gradually reduced student loan rates. If nothing changes, rates would double from 3.4 percent to 6.8 percent. Student loan delinquencies already exceed credit cards,[http://dcportal.dc-hosting.pl/wiki/index.php/U%C5%BCytkownik:KevinLee883#David_Drake_Discusses_the_Current_State_of_Crowdfunding David Drake Discusses the Current State of Crowdfunding], and some fear the rise would crush recent college graduates.

+

Higher rates would clearly impact the students and graduates involved. Yet the student loan market is government-guarantee dominated—there's very little private sector exposure here. In fact, the government is currently originating roughly 93 percent of overall student loans,[http://szxslt.com/home.php?mod=space&uid=19138 ], up from 77 percent prior to 2008. So for inherently private sector stocks and markets, the direct effect is minimal at best.

+

Another reason the effect is minimal is only would be impacted. The affected rates are only on —issued after July 1,[http://www.hrs-salzhausen.de/mediawiki/index.php?title=Benutzer:Taylor830#Is_It_Time_for_Your_Financial_Checkup- Is It Time for Your Financial Checkup-], 2012. Preexisting loan rates are unaffected.

+

But this all assumes July 1 comes and rates shoot higher. And that’s a speculative bet at best. Just last year, Congress faced the on this exact topic—a looming automatic rate hike on July 1. Yet,[http://wiki.npl.ch/wiki/Benutzer:Taylor185#Wholesale_Inventories_Unexpectedly_Drop_in_May.2C_Sales_Up Wholesale Inventories Unexpectedly Drop in May, Sales Up], when push came to shove, a last-minute extension was passed on June 29. Hence, it seems there’s plenty of time to figure out a deal before the automatic rate increase occurs, particularly given Congress's penchant for last minute can-kicking.

+

And talks are already underway. Many and varied versions of bills circulating Capitol Hill presently seek to forestall the rate doubling. are getting little attention and stand next-to-no chance of passing. Other bills with broader support seek to extend current rates. Still others, like a , tie rates to 10-year bond yields plus a spread. That's similar to a proposal in President Obama's budget, though the spread and terms differ. There's currently ample time and political will to prevent this student-loan-fiscal rock climb. And importantly, while many may unfortunately carry student loan debt, the unemployment rate for those is presently 3.9%, down from its recent cyclical peak of 5.1%. Hence,[http://sj.sanya.gov.cn/Review.asp?NewsID=394 Chevron Lowers Second Quarter Expectations After Production Snafus], the number of folks with a degree, too much debt and no job is seemingly a small share of total borrowers.

+

Last year, when the extension passed, it was an election year—perhaps a factor in its passing. Yet in a very realistic sense, politicians are nearly always on the campaign trail. We're betting relatively few of them decide they want to look as though they're putting a big squeeze on higher education, and will vote for politically popular proposals pushing out loan rate hikes further.

+

This constitutes the views, opinions and commentary of the author as of May 2013 and should not be regarded as personal investment advice. No assurances are made the author will continue to hold these views, which may change at any time without notice. No assurances are made regarding the accuracy of any forecast made. Past performance is no guarantee of future results. Investing in stock markets involves the risk of loss.

+

By Todd Bliman, Fisher Investments</html>

De WikiCinéjeu.

Version du 3 août 2013 à 08:52

Affichages

Outils personnels

Navigation

Rechercher

Boîte à outils

@@ Ligne 292 : / Ligne 292 : @@
 According to a Securities and Exchange Commission filing, the partnership said it expects Phillips 66 ��will offer us opportunities to purchase additional transportation and midstream assets that it may acquire or develop in the future or that it currently owns.��</html>
+== Some Perspective on Student Loan Debt Fears ==
+<html>College is expensive—and getting more so in recent years, with costs advancing at a rate far exceeding overall inflation. And many students borrow (occasionally heavily) to meet the expense—including some who have no immediate hope of repayment after graduation. With government college loan rates potentially set to reset higher in July, this has ignited fears of a potential debt-drag on US economic growth. Yet, given some perspective, these fears seem very unwarranted from a market and economic impact point of view.
+The issue at hand seems to be the scheduled July 1, 2013 expiration of 2007 legislation that gradually reduced student loan rates. If nothing changes, rates would double from 3.4 percent to 6.8 percent. Student loan delinquencies already exceed credit cards,[http://dcportal.dc-hosting.pl/wiki/index.php/U%C5%BCytkownik:KevinLee883#David_Drake_Discusses_the_Current_State_of_Crowdfunding David Drake Discusses the Current State of Crowdfunding], and some fear the rise would crush recent college graduates.
+Higher rates would clearly impact the students and graduates involved. Yet the student loan market is government-guarantee dominated—there's very little private sector exposure here. In fact, the government is currently originating roughly 93 percent of overall student loans,[http://szxslt.com/home.php?mod=space&uid=19138 ], up from 77 percent prior to 2008. So for inherently private sector stocks and markets, the direct effect is minimal at best.
+Another reason the effect is minimal is only  would be impacted. The affected rates are only on —issued after July 1,[http://www.hrs-salzhausen.de/mediawiki/index.php?title=Benutzer:Taylor830#Is_It_Time_for_Your_Financial_Checkup- Is It Time for Your Financial Checkup-], 2012. Preexisting loan rates are unaffected.
+But this all assumes July 1 comes and rates shoot higher. And that’s a speculative bet at best. Just last year, Congress faced the  on this exact topic—a looming automatic rate hike on July 1. Yet,[http://wiki.npl.ch/wiki/Benutzer:Taylor185#Wholesale_Inventories_Unexpectedly_Drop_in_May.2C_Sales_Up Wholesale Inventories Unexpectedly Drop in May, Sales Up], when push came to shove, a last-minute extension was passed on June 29. Hence, it seems there’s plenty of time to figure out a deal before the automatic rate increase occurs, particularly given Congress's penchant for last minute can-kicking.
+And talks are already underway. Many and varied versions of bills circulating Capitol Hill presently seek to forestall the rate doubling.  are getting little attention and stand next-to-no chance of passing. Other bills with broader support seek to extend current rates. Still others, like a , tie rates to 10-year bond yields plus a spread. That's similar to a proposal in President Obama's budget, though the spread and terms differ. There's currently ample time and political will to prevent this student-loan-fiscal rock climb. And importantly, while many may unfortunately carry student loan debt, the unemployment rate for those  is presently 3.9%, down from its recent cyclical peak of 5.1%. Hence,[http://sj.sanya.gov.cn/Review.asp?NewsID=394 Chevron Lowers Second Quarter Expectations After Production Snafus], the number of folks with a degree, too much debt and no job is seemingly a small share of total borrowers.
+Last year, when the extension passed, it was an election year—perhaps a factor in its passing. Yet in a very realistic sense, politicians are nearly always on the campaign trail. We're betting relatively few of them decide they want to look as though they're putting a big squeeze on higher education, and will vote for politically popular proposals pushing out loan rate hikes further.
+This constitutes the views, opinions and commentary of the author as of May 2013 and should not be regarded as personal investment advice. No assurances are made the author will continue to hold these views, which may change at any time without notice. No assurances are made regarding the accuracy of any forecast made. Past performance is no guarantee of future results. Investing in stock markets involves the risk of loss.
+By Todd Bliman, Fisher Investments</html>