But, at present, a number of indicators, including SCOOS special questions focused on funding of syndicated leveraged loans, provide little evidence of heavy reliance on such mechanisms, suggesting that the potential for such a rapid and disorderly delevering is very limited. These comforts aside, demand from unlevered investors, presumably “reaching for yield,” has persisted in recent months.
One reason America’s example is influential elsewhere is because progress toward these ideals has been accompanied by great success in broadly raising living standards. And I think our economic success has been due in substantial part to the fuller participation and contribution of women to the economy.