Greenspan Cautions on Risk of Rising Rates

Discussion in 'Up to the Minute' started by Buzz Mills, Sep 27, 2005.

  1. Buzz Mills

    Buzz Mills New Member

    Likes Received:
    Trophy Points:
    Greenspan Cautions on Risk of Rising Rates

    WASHINGTON - Federal Reserve Chairman Alan Greenspan issued a fresh warning on Tuesday that investors shouldn't be lulled into a false sense of security by the economy's long stretch of low interest rates.

    "History cautions that extended periods of low concern about credit risk have invariably been followed by reversal, with an attendant fall in the prices of risky assets," Greenspan said in a speech delivered via satellite to a meeting of the National Association for Business Economics in Chicago. Greenspan, in Tuesday's speech, didn't specify what risky assets he was referring to. But the Fed chief has been sounding an alarm for months — including an emphatic warning on Monday — about the perils to home owners and lenders using risky and exotic types of mortgages.
  2. Loading...

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice