Double Dip?
On Saturday, as I was traveling back to New York City after a week away, I was jolted back to reality with headlines in the Wall Street Journal, New York Times and Minneapolis Star Tribune: “Worries Grow Over Jobs;” “Feeble Job Numbers Show Recovery Starting to Stall;” and “Job Market Stumbles Badly.” The employment stats are troubling as the government continues to shed jobs and private sector growth slows, signaling, at best, an anemic recovery. If that isn’t bad enough, we have a double-scoop of bad news on the international front as Italy joins Greece and inches into a Sovereign debt crisis, further destabilizing global financial markets. Of course on top of these serious issues, the White House and Congress continue to play their intramural games with the budget deficit. I fear that the stage is being set for the dreaded “double-dip.”

Tony LoPinto is the Global Sector Leader of Korn/Ferry International's Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.

JUPITER HOLDINGS LLC
Asset Manager – Real Estate Private Equity
(NEWPORT BEACH, CA) The asset manager will prepare all monthly and quarterly performance analysis, quarterly and annual property reports and the annual property business plans; monitor management and leasing strategies, and analyze competitive markets; prepare analysis of historic portfolio and property results against industry benchmarks useful in evaluating asset and portfolio performance; and prepare analysis of all leases, capital projects, or other investment decisions impacting asset value; among other duties.