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Updated Tuesday, February 9, 2010 1:25 pm TWN, Bloomberg

Greenspan sees 'slow' recovery, will be 'concerned' if stocks drop

WASHINGTON -- Former Federal Reserve Chairman, Alan Greenspan, said a United States (U.S.) economic recovery is “going to be a slow, trudging thing,” and that he “would get very concerned” if stock prices continue to fall. A drop in stock prices is “more than a warning sign,” Greenspan said Sunday on NBC's “Meet the Press” program. “It's important to remember that equity values, stock prices, are not just paper profits. They actually have a profoundly important impact on economic activity.”

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