The economy is turning, and credit comes in with a lag, ... To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that's likely to change for the better.
More Quotes from Alan Greenspan:
We owe it to those who will retire over the next couple of decades to promise only what the government can deliver,Alan Greenspan
While the adjustments may be difficult for a time, these crises will pass. Stronger individual economies and a more robust and efficient international economic and financial system will surely emerge in their wake,
Alan Greenspan
Nobody has the capacity to fathom fully how the effects of the tragedy of Sept. 11 will play out in our economy,
Alan Greenspan
Surely difficult challenges lie ahead for the Fed, some undoubtedly of our own making, and others that will be thrust on us by market or other forces,
Alan Greenspan
Because there was little retrenchment during the cyclical downturn, the potential for a significant acceleration in activity in the household sector is likely to be more limited than in past business cycles,
Alan Greenspan
Indeed, our goal, in responding to the complexity of current economic forces, is to extend the expansion by containing imbalances and avoiding the very recession that would complete a business cycle,
Alan Greenspan
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