Peter Muoio 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"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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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.