Did the 2008 Recession Break the Cycle?

The fundamentals in certain areas of L.A. are strong, says Natsis.

LOS ANGELES—“You don’t need to have a cycle,” according to Tony Natsis, a partner at Allen Matkins, who spoke to GlobeSt.com about what the next recession would look like. In 2008, the economy fell off a cliff, but Natsis said that the next recession would likely be more of a flattening. More importantly, he suggests that we may have broken free from the typical up-and-down economic cycles.

“We are going to see different kinds of cycle patterns than what we have seen in the past,” Natsis tells GlobeSt.com. “You don’t need to have a cycle at all. The reason that we have a cycle is because the fundamentals were weak. Right now, the fundamentals are very strong.”