Huh????? Greenspan has been loosening credit. I guess the lowest interest rates in 40 years have passed you by.
BTW, have you been on Mars for the last three years, then I could understand your above italicized statement.
Greenspan RAISED interest rates before he reduced them. He RAISED them percipitously in the summer of 2000 and the phone immediately stopped ringing. Customers stopped paying and started cancelling orders, or pushing them out. Just about any manufacturer will tell you the same story and will pick out the same date -- 3rd quarter 2000. I have NOT been on Mars. I've been toiling away in my own business and haven't seen a profitable month since July 2000. 9/11 was just the icing on the cake. Check with NAM (National Association of Manufactururers) if you don't believe me.