Green shoots of recovery may be on the way

US - Alan Greenspan continued his new optimistic mantra that the U.S. economy is pulling out of its slump and pointed out that even employment, one of the last indicators to rebound, is showing signs of life.

Speaking to U.S. bankers in Honolulu yesterday, the Federal Reserve chairman said there is mounting evidence the U.S. economy is recovering, but cautioned the rebound may be slower than what has taken place after previous recessions. "In recent days, encouraging signs of strengthening und