A Quote by Janet Yellen
Expanded credit access has helped households maintain living standards when suffering job loss, illness, or other unexpected contingencies.
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what is joy without sorrow? what is success without failure? what is a win without a loss? what is health without illness? you have to experience each if you are to appreciate the other. there is always going to be suffering. it’s how you look at your suffering, how you deal with it, that will define you.
Now this, monks, is the noble truth of suffering: birth is suffering, aging is suffering, illness is suffering, death is suffering; union with what is displeasing is suffering; seperation from what is pleasing is suffering... in brief, the five aggregates subject to clinging are suffering.
Banks and other providers of credit to households have been competing vigorously to expand or protect their market share. In the process, lending standards have been progressively eroded so that lenders are now engaging in practices that would have been regarded as out of the question five or ten years ago.
In my opinion, you keep the standards very high and you maintain one standard. There shouldn't be two standards for women and men, there should be a standard for this job: To do this job, you should have to do these things.
From our limited vantage point, our lives are marked by an endless series of contingencies. We frequently find ourselves, instead of acting as we planned, reacting to an unexpected turn of events. We make plans but are often forced to change those plans. But there are no contingencies with God. Our unexpected, forced change of plans is a part of His plan. God is never surprised; never caught off guard; never frustrated by unexpected developments. God does as He pleases and that which pleases Him is always for His glory and our good.
For many people, illness - loss of health - represents the crisis situation that triggers an awakening. With serious illness comes awareness of your own mortality, the greatest loss of all.
Any other illness and you have time off work, but there is a lot of stigma around mental illness. It's frightening to talk about it. The people suffering don't want sympathy.
Anybody who's had to contend with mental illness - whether it's depression, bipolar illness or severe anxiety, whatever - actually has a fair amount of resilience in the sense that they've had to deal with suffering already, personal suffering.
Starting in late 2007, faced with acute financial market distress, the Federal Reserve created programs to keep credit flowing to households and businesses. The loans extended under those programs helped stabilize the financial system.
We judged that a sudden, disorderly failure of Bear would have brought with it unpredictable but severe consequences for the functioning of the broader financial system and the broader economy, with lower equity prices, further downward pressure on home values, and less access to credit for companies and households.
I think one thing is that anybody who's had to contend with mental illness - whether it's depression, bipolar illness or severe anxiety, whatever - actually has a fair amount of resilience in the sense that they've had to deal with suffering already, personal suffering.
But we're looking at 500 households - that's a lot of people. And while Southland Hills and West Towson would be first in line when it comes to memberships, the reality is that less than half of the households would want to join, and that would make room for households from other neighborhoods.
The lifeblood of job creation in America is small business, but they can't get access to credit.
One day, because they realize for some reason or other that they must stop credit expansion, the banks do stop creating new credit to lend. Then the firms that have expanded cannot get credit to pay for the factors of production necessary for the completion of the investment projects which they have already committed themselves. Because they cannot pay their bills, they sell off their inventories cheap. Then comes the panic, the breakdown. And the depression starts.
We cannot take credit for our record avancement in certain scientific fields alone. We have been helped, and we have been helped by the people of other worlds.
Mark-to-market losses are not real loss. It's a notional loss. What we can monitor is the credit quality of the underlying papers. Are the companies paying interest on time? Is there any deterioration in the credit quality of these companies?
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