Greenspan: Economy is not poised for a strong rebound

02/24/2010 | Reuters

The economic recovery is "unbalanced," with small businesses and employment lagging behind other indicators like recovering stock markets, according to former Federal Reserve Chairman Alan Greenspan. Greenspan also called the recession the worst global financial crisis in history, including the Great Depression. "It's really an extraordinarily unbalanced system because we're dealing with small businesses who are doing badly, small banks in trouble, and of course there is an extraordinarily large proportion of the unemployed in this country who have been out of work for more than six months and many more than a year," Greenspan said.

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