Let the Fed stew over the economic crisis all it wants. Our readers, or at least the bulk of the 255 of you who responded to last week’s Quick Poll, chose to rely on the resilience of Private Enterprise. So say 54%. An argument can be made for Economic Relief coming through the combined good works of the private and public sector, and 38% chose this as their Great Debt Hope. A small, timid 9% believe the Fed alone can do it. Douglas Herzbrun is global head of research for CB Richard Ellis Investors in Los Angeles, and in this first of a two-part Poll on the state of the economy, he provides his take on the best way out: Here’s why:

“I’d clearly fall into the camp of No. 3—that we can’t have one without the other. We need both stimulus provided by the federal government and the private sector stepping up to the plate to get the economy back on track.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.