Issuance of equity and of bonds by lower-rated corporations has come virtually to a halt -- even investment-grade companies have cut back substantially on their borrowings,
More Quotes from Alan Greenspan:
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.Alan Greenspan
these borrowers, and the institutions that service them, could be exposed to significant losses.
Alan Greenspan
In these circumstances, monetary policy is able to be more patient,
Alan Greenspan
The very few times which we have intervened have occurred, ... when we believe the markets are unstable and that intervention might have an impact.
Alan Greenspan
The U.S. economy appears to have withstood a set of blows -- major declines in equity markets, a sharp retrenchment in investment spending, and the tragic terrorist attacks of last September -- that in previous business cycles almost surely would have induced a severe contraction,
Alan Greenspan
Readers Who Like This Quotation Also Like:
Based on Keywords: borrowings, investment-gradeI worry about the things I can affect, and the things I have no control over I move by.
Lenny Wilkens
In a work capacity I'm only interested in acting and producing.
Charlie Hunnam
Our bombs are smarter than the average high school student. At least they can find Kuwait.
A. Whitney Brown