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 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."

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

  • 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
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.

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 GlobeSt.com 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.