Credit remains widely available for both consumers and businesses despite higher interest rates. However, consumer borrowing is likely to slow as housing markets cool. Business borrowing should take up some of the slack.
More Quotes from Robert McGee:
The balance of risk is shifting from inflation to slower growth. The full impact of the past year's tightening has yet to be felt, which should raise a caution flag for the Fed.Robert McGee
As home prices level off, so will the growth of equity that has supported consumer spending in the past. The impact from higher interest rates on home equity loans and adjustable rate mortgages will combine with stubbornly high energy prices to squeeze discretionary spending.
Robert McGee
This is my first time attending this one. It's a good one, very educational.
Robert McGee
Readers Who Like This Quotation Also Like:
Based on Topics: Business & Commerce QuotesI'm also getting an Ovation Legend, because I like them so much.
Mark Knopfler
There are three signs of senility. The first sign is that a man forgets his theorems. The second sign is that he forgets to zip up. The third sign is that he forgets to zip down.
Paul Erdos
Why is this government so insensitive to the concerns of the middle-class people?
Gilles Duceppe