Greenspan: Households' finances in `good shape' - 2004-02-25
The balance sheets of US households are generally in "good shape" as additional cash from a massive wave of home mortgage refinancing and decades-low interest rates helped consumers better manage their debt, Federal Reserve Chairman Alan Greenspan said on Monday.
The financial health of consumers is important to the economy, which in the second half of last year finally cast off its lethargy and has been growing at a healthy pace.
Read the full story at Taipei Times Online