of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages are developments of particular concern.
More Quotes from Alan Greenspan:
Such an increase in market value is too often viewed by market participants as structural and permanent, ... To some extent, those higher values may be reflecting the increased flexibility and resilience of our economy.Alan Greenspan
The present policy path makes current promises, at least in real terms, highly conjectural,
Alan Greenspan
Firms still appear hesitant to spend and hire, and we need to remain mindful of the possibility that lingering business caution could be an impediment to improved economic performance,
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I have little doubt that my successors, and theirs, will continue to sustain the leadership of the American financial system in an ever-widening global economy,
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But it is clear that, for the time being at least, the increase in spending on consumer goods and houses has come down several notches, albeit from very high levels.
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Our judgment is that the level of consumption growth...will slow down, and the dramatic expansion in capital investment will slow down, ... Something will eventually change the pattern, but there are a number of different ways that can happen.
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