"It is a challenging and daunting time to talk about theeconomy, which isn't news to anyone," Rising said. He attributedmuch of the crisis to over consumption. "Since the 1980s, Americashave consumed more than they produce and they have been able to dothis by borrowing."
Although Rising said that according to the current definition ofa recession, it hasn't hit yet, and will not hit here until atleast Jan. 1, 2009, he says that if this recession follows pastrecession length averages, it should only last roughly 11 months.He did note, however, that "no one has a crystal ball" and that"only time will tell."
Rising continued that "one of the most troubling things I haveseen, is consumer confidence decreasing." However, he noted that itis important to look at history as background of how "we got towhere we are today," but he also said that it is important to learnfrom that history and various recessions and look at "what oureconomy is going to be in the aftermath, going forward."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
