SO, HOW'S YOUR CONFIDENCE LEVEL?
More than 460 respondents to last week's poll representeda spectrum of confidence levels. Interesting, however, is the factthat in this optimistic-by-nature industry, the minority (16%)state that their "Guns Are Blazing." A dire 25% think the next fewmonths will be "Bad. Real Bad." The majority however (59%, infact), do mix equal parts of optimism and bad news, even as therecession clouds gather, sticking in large part to "CautiousOptimism." Commentator Ray Torto, who is principal and chiefstrategist at Boston-based CB Richard Ellis Torto Wheaton, countshimself among the latter. Here's why:
"Everyone's debating if there's going to be a recession. Ourview is that there won't be but that's not the right question.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
