Panel: Economic Perceptions Spookier Than Reality

[IMGCAP(1)]NEW YORK CITY-The purview of the current market is grim, yet tentatively optimistic. Conservative lending practices, the government’s task of bailing out lending institutions, and a market scratching for a foothold, render recession definitions irrelevant. The past is the past, and now is the time to look toward the future to see how long the tailspin will last and who will be left standing.

John Salustri, editorial director of GlobeSt.com, addressed these issues on GlobeSt.com’s hour-long US Economy: Crisis and Cures webinar, held Thursday. (Listen to a replay of the event here.)

[IMGCAP(2)]Approximately 250 webinar attendees listened to panelists, which included: Hessam Nadji, managing director of research services at Marcus & Millichap Real Estate Investment Services; Howard Roth, global and Americas real estate leader of Ernst & Young; Raymond Torto, global chief economist of CB Richard Ellis; Ed Friedman, senior economist at Moody’s Economy.com; and Gary Zimmerman, senior economist of the Federal Reserve Bank of San Francisco.