Greenspan sounds note of caution on US economy

Washington

JUST when you thought the US economy was roaring back to health, former Federal Reserve chairman Alan Greenspan is here to tell you otherwise.

"The United States is doing better than anybody else, but we're still not doing all that well," Mr Greenspan, 88, said on Tuesday in a Bloomberg television interview. "We still have a very sluggish economy." He said the economy won't fully recover until American companies invest more in productive assets and the housing market bounces back.