Former Federal Reserve Chairman Alan Greenspan struck a very somber tone on the global economy Friday amid the Brexit market chaos.
"This is the worst period I recall, since I've been in public service," said Greenspan in the CNBC interview. "There's nothing like it, including the crisis — remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away."
Greenspan discusses his views on why Brexit may just be "the tip of the iceberg," and what he thinks will happen next.
PRO subscribers have access to the broadcast interview in its entirety here.
