Peter Muoio isthe chief economist for Ten-X.
Investors are predicting and preparing for the next recession.The increase in caution and conservatism could actually reduce theimpact of a downturn if and when it hits. The severity of the lastrecession has driven an increase in caution among investors,particularly as the cycle matures.
"The memory of the last recession was searing enough that thereis persistence in not getting carried away like last time,"Peter Muoio, chief economist and head of datainsights at Ten-X Commercial, tells GlobeSt.com."For a lot of people the last recession—the financial crisis—is theonly recession that they have been through professionally. Whenthey hear the terms business cycle or downturn, it is almosttriggering because it was so awful last time."
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