HAVE WE HIT BOTTOM YET? Part 2

Our readers who responded to last week’s Quick Poll believe the US economic glass is more than half full—of more bad news to come. Some 68% of the 709 who have so far responded say “Nope—Still More Pain ahead.” A slim 10%, who responded on the side of “You Bet—And I Think I See Activity,” seem to roam in relatively scarce optimistic circles when it comes to viewpoints on the nation’s economy. Even when added to the 21% who voted for “Yep—But Upside Is Still Far Away,” the combined force of their opinions don’t totalhalf the numbers of those who believe who’ve got a still longer row to hoe before things begin to improve. Douglas Herzbrun is global head of research for CB Richard Ellis Investors in Los Angeles, and in this second of a two-part Commentary on the state of the economy, he provides his view of the recession, pointing out that making a call now on the economic bottom is something best done in the future: Here’s why:

“We won’t know until after the fact if we’re in a recession…I think that’s a high probability that that’s going to happen.

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?


NOT FOR REPRINT

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

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

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