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Oppenheimer Economist: Difficult, But Not Dire

DALLAS-Leading economist Jerry Webman says CRE's salvation is it didn't overbuild this time. And, he says there is a way for Wall Street to meet Main Street and reconcile differences.

By Connie Gore | Updated on October 02, 2008

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DALLAS-Can Wall Street meet Main Street and reconcile their differences? New York City economist Dr. Jerry Webman says the first step is to make more funding available for credit-worthy histories so consumers can transport themselves and be strong and businesses can grow and pay employees.

Webman, senior investment officer and chief economist of OppenheimerFunds, was the keynote speaker at an investors’ luncheon hosted by Dallas-based Brennan Financial Services at the Hotel InterContinental in North Dallas. “It’s difficult, but not dire. It was much worse in the junk bond days of the early 1990s,” he told the 200 attendees.

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