Greenspan cited the ratio of capital spending to cash flow, arguing that companies are still confident enough in the economy to continue investing.
Former Federal Reserve Chairman Alan Greenspan told Bloomberg that it's too soon to start worrying about a US recession. Greenspan cited the ratio of capital spending to cash flow, arguing that companies are still confident enough in the economy to continue spending on long-term investing and avoid borrowing. "No recession in the last half century, at least, began from a period of deleveraging," the former Fed official said. Visit the Business Insider homepage for more stories.
Former Federal Reserve Chairman Alan Greenspan told Bloomberg that it's too soon to start worrying about a US recession. Greenspan cited the ratio of capital spending to cash flow, arguing that companies are still confident enough in the economy to continue spending on long-term investing and avoid borrowing. "No recession in the last half century, at least, began from a period of deleveraging," the former Fed official said. Visit the Business Insider homepage for more stories.
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