No Quick Fix Coming With Rebound

DALLAS-With the war winding down, the economy will be winding up, but it’s not going to be high spirited for some time to come, at least that was the message before a roomful of capital attending Marcus & Millichap’s first investor symposium in Dallas in three years.

There will be an economic rebound in the second quarter, said Harvey Rosenblum, senior vice president and director of research for the Federal Reserve Bank of Dallas as he echoed his boss’ call for the balance of this year. With midyear just a month away, Rosenblum, like Alan Greenspan, isn’t about to narrow the call anymore than that.

“When you have a mild recession, a short-lived one, it leads to fairly weak recoveries in the first year,” Rosenblum told GlobeSt.com. But, he quickly added, “there are lots of forces in place that are probably underpinning economic growth.”