(BLOOMBERG) — Just when you thought the U.S. 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,” Greenspan, 88, said today in an interview on Bloomberg Television’s “In the Loop” with Betty Liu. “We still have a very sluggish economy.”

Greenspan said the economy won’t fully recover until American companies invest more in productive assets and the housing market bounces back.

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