A Quote by Elaine Chao

While conventional wisdom has traditionally sided against borrowing from retirement savings, sentiment has shifted toward borrowing from one's own assets with the realization that other forms of credit come at a much higher cost and often are not even available to borrowers with limited means and urgent needs.

Elaine Chao

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Against Assets Available Borrowers Borrowing Come Conventional Conventional Wisdom Cost Credit Even Forms Higher Limited Means Much Needs Often Other Own Realization Retirement Savings Sentiment Shifted Toward Urgent While Wisdom

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Elaine Chao
American - Politician
Born: March 26, 1953

I, who ne'erWent for myself a begging, go a borrowing,And that for others. Borrowing's much the sameAs begging; just as lending upon usuryIs much the same as thieving.

Gotthold Ephraim Lessing

Strong credit markets give companies borrowing options to boost their stock prices while making bearish investors scramble to close out trades before losing any more money, both of which then push the stock market even higher and continue the self-reinforcing bullish cycle.

Kelly Evans

For such kind of borrowing as this, if it be not bettered by the borrowers, among good authors is accounted Plagiarè.

John Milton

Borrowing for expansion is one thing; borrowing to make up for mismanagement and waste is quite another.

Henry Ford

No one anticipates divorce when they're exchanging vows, and it can be devastating emotionally and financially. To ease the financial side of the blow, you need to maintain your financial identity in your relationship. That means having your own credit history - you need your own credit card - and your own savings and retirement accounts.

Jean Chatzky

Night was coming on in, borrowing the light. It had started out borrowing just a few cents worth of the light, but now it was borrowing thousands of dollars worth of the light every second. The light would soon be gone, the bank closed, the tellers unemployed, the bank president a suicide.

Richard Brautigan

Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing.

Peter Orszag

Beware leverage in all its forms. Borrowers - individual, corporate, or government - should always match fund their liabilities against the duration of their assets. Borrowers must always remember that capital markets can be extremely fickle, and that it is never safe to assume a maturing loan can be rolled over. Even if you are unleveraged, the leverage employed by others can drive dramatic price and valuation swings; sudden unavailability of leverage in the economy may trigger an economic downturn.

Seth Klarman

We do have some assistance from the World Bank but not from the IMF. We are not borrowing yet, but we are considering, in the future, borrowing from the Kuwait Fund to support our infrastructure development.

Jose Ramos-Horta

We are borrowing money from future generations. We are borrowing the carbon impact, the resource impact from future generations to get stuff cheap now. We have swept the dirt and dust from our society under the carpet - but this carpet is on other side of the planet.

Kevin McCloud

Most companies can survive even if their debt ratings are lowered below investment grade, although they will have higher borrowing costs.

Alex Berenson

I favor every worker having access to a retirement savings account, and there are various options for doing this. I do support states implementing their own plans, and I expect them to play an important role in increasing retirement savings for young professionals especially.

Joe Sestak

As on the one hand, the necessity for borrowing in particular emergencies cannot be doubted, so on the other, it is equally evident that to be able to borrow upon good terms, it is essential that the credit of a nation should be well established.

Alexander Hamilton

You and I, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. Why, then, should we think that collectively, as a nation, we're not bound by that same limitation? We must act today in order to preserve tomorrow.

Ronald Reagan

Chinese productivity is the highest in the world but the way they do it is by borrowing the technology from abroad, either by joint ventures or other means.

Alan Greenspan

We should, as a country, be very concerned about our borrowing cost.

John Delaney

A Quote by Elaine Chao

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