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Greenspan: Think In Terms of Two Separate Economies

Wednesday, 11 Jul 2012 | 7:48 PM ET

Alan Greenspan, Former Chairman of the Federal Reserve, discusses his take on whether the U.S. economy is in a recession right now. "Think in terms of two separate economies--one is 92 percent of the GDP, and it's doing reasonably well, and the other 8 percent is largely long-lived assets," he says.