The U.S. economy out of the current crisis will meet recovery

Former Federal Reserve Chairman Alan Greenspan said on the 2nd, even though the U.S. is experiencing a rare and painful financial crisis, but he expects the U.S. economy will soon recover. Comprehensive news coverage on October 2, the former U.S. Federal Reserve (Federal Reserve, referred to as Fed) Chairman Alan Greenspan (Alan Greenspan) 2 on the U.S. economy delivered a speech optimistic. He said that despite the current situation is described as a rare and painful financial crisis, but he expects the U.S. economy will soon recover. Greenspan said the United States is experiencing a rare major financial crisis; end of the day, as investors fear the step by step to try once again to accept the risk, the market will be gradual revitalization. Greenspan said the cause of the current credit crisis because of the financial market's lack of trust accounting records, and the level of bank capital over the past year related problems also led to one of the reasons for the crisis. However, Greenspan said that the trust should be returned, investors will hesitate to re-enter the market. Greenspan said that at that time, the economic recovery will begin, "the economy is expected to recover as soon as possible."