TITLE

Greenspan: Household Debt Up But Manageable

AUTHOR(S)
Newman, Emily
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/20/2004, Vol. 350 Issue 31993, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the statement by Alan Greenspan, the U.S. Federal Reserve Board chairman, about household debts. According to him, although household debt levels continue to increase, that debt strain is relatively modest and is generally balanced by higher household assets. Mortgage debt would likely remain high but manageable. One might expect interest rates and debt-service ratios to move in lockstep with each other. But other influences on debt-service ratios, such as significant changes in household income, play a major role in their movements.
ACCESSION #
14779324

 

Related Articles

  • Fed's possible half-point bump in February not causing alarm. Jones, Matt // New Orleans CityBusiness (1994 to 2008);1/24/2005, Vol. 25 Issue 29, p30 

    The article reports that Chairman of Federal Reserve Board Alan Greenspan and the 12-member Federal Reserve panel has raised the federal funds rate, by a quarter point to 2.25 percent at its December 14, 2004 meeting. Sectors that may feel ripple effects over the long-term are the homebuilding...

  • The Great Divide. Reich, Robert B. // American Prospect;05/08/2000, Vol. 11 Issue 12, p56 

    Comments on the move of United States Federal Reserve Chairman Alan Greenspan to raise interest hikes to cool down the US economy. Impact of raised interest rates on those at the bottom of the income ladder; Control on excessive consumer spending to prevent inflation; Average pay of employees...

  • Greenspan says fixed rates are expensive. Bone, Alison // Money Marketing;3/25/2004, p92 

    Reports on claims of Federal Reserve Board Chairman Alan Greenspan on the cost savings generated by variable-rate mortgages for homeowners stuck in long-term fixed-rate mortgages in the U.S. Suggestion on borrower savings; Measures for protecting against rising interest rates; Benefits gained by...

  • Is Greenspan Wrong? Levine, Mark Lee; Levine Segev, Libbi Rose // Real Estate Issues;Spring2004, Vol. 29 Issue 1, p35 

    Comments on the testimony of Alan Greenspan, chairman of the U.S. Federal Reserve Board before the U.S. Congress, regarding the savings from adjustable-rate mortgages and fixed-rate mortgages. Percentage of savings by having an adjustable-rate mortgage; Types of real estate loans in the...

  • Subprime Greenspan. Reiff, Rick // Orange County Business Journal;12/31/2007, Vol. 30 Issue 52, p39 

    The author reflects on the criticism against Alan Greenspan, former chairman of the U.S. Federal Reserve Board, on his contribution to the current subprime crisis in the country. He emphasizes that the low interests championed by Greenspan that contributed to economic expansion encouraged the...

  • Fed Chairman: Loan Trends Worrisome. Zindler, Ethan // American Banker;9/27/2005, Vol. 170 Issue 186, p18 

    Reports on Federal Reserve Chairman Alan Greenspan's concerns about the growth of unorthodox home loan products, despite the fact consumers have a sizable equity cushion to weather a downturn in the housing market. Remarks made by Greenspan at the annual convention of the American Bankers...

  • Greenspan's Measured Approach.  // Emerging Markets Monitor;5/10/2004, Vol. 10 Issue 5, p1 

    Reports on the impact of the plan by U.S. Federal Reserve Board Chairman Allan Greenspan to increase interest rates on surplus target and external debt prices. Reason that many short-term trade accounts and hedge funds have exited the market; Effect of weak dollar currency rate in the first...

  • SO MANY GREENSPANS, AND ALL OF THEM HUMAN. Crook, Clive // National Journal;2/03/2001, Vol. 33 Issue 5, p322 

    Describes the political strategy of United States (U.S.) Federal Reserve Chairman Alan Greenspan regarding interest rates and inflation. Reason for the apology of U.S. President George W. Bush to Greenspan; Information on the interest rate of the U.S. Federal Reserve; Opinion from Greenspan on...

  • Judgement time for Greenspan. Preece, Howard // Finance Week;02/04/2000, p19 

    Comments on the interest-rate policies espoused by United States Federal Reserve chairman Alan Greenspan. Sharply divided and hugely important differences of opinion about the medium-term outlook for the US economy; Impact of the US economy on South Africa's hopes for a strong business and...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics