"There's been a very significant improvement in the financial system and it's been the financial system where the problems have been," he said.
When I asked him about the possibility of a collapse, Greenspan responded, “Collapse now, I think, is off the table.
When he last appeared on “This Week” in September 2008, the economy was in the midst of the financial crisis which Greenspan then called a "once-in-a-century type event.
This morning, he told me that the U.S. economy had gotten past the crisis.
"We were teetering for awhile,” he said, “but I do think that the TARP program, for example, was very helpful in shoring up the capitals, that stock of banks and the like. And not an insignificant event is the $3.5 trillion increase in the stock market value of American corporations.
Now, he says business inventories are so depleted that he anticipates a sharp turnaround in growth.
"It strikes me that we may very well have 2.5 percent in the current quarter," he said.
That would be significant because it would be near the level necessary to ease huge job losses.
“The unemployment rate is going to continue to rise," Greenspan told me, "but more slowly than it’s been.”