About Our Columnist

Paul Bubny
Paul Bubny is managing editor of Real Estate Forum. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City. Contact Paul Bubny.

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Comments
Why would anyone still be talking about a double-dip? The recession ended in 2009 and we've been in an expansion since 2011. It's way too late for a double-dip, it would be a new recession and a new cycle.
Posted by Alexander G | Monday, July 14 2014 at 10:27AM ET
Great article, Paul. However, while Mr. Shay is clearly more adept than I am at global economics, we just returned from three of the PIIGs, Italy, Greece and Spain, and the amount of economic improvement just in the past few years is astoundingly visible at the retail, tourist level, if not at the central bank level.
Posted by Judith Brower Fancher | Monday, July 14 2014 at 12:42PM ET