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Uncertainty” is Main Reason for Uneven CRE Market

SAN DIEGO-Speakers at the recent Trigild Lender Conference here say caution over the looming fiscal cliff and Eurozone crisis is preventing a smoother, faster recovery.

By Carrie Rossenfeld | Updated on October 24, 2012

SAN DIEGO-Uncertainty over several key factors—including the looming “fiscal cliff” and stubbornly persistent Eurozone crisis—is perpetuating today’s sluggish economy, according to speakers at a recent Trigild Lender Conference here. As GlobeSt.com recently reported, these factors are keeping the business cycle frozen and call for a real plan in order to restart the economy.

According to Robert Guest, business editor for The Economist, who spoke at the conference, the US is facing a double whammy: “an increase in taxes and cuts in spending,” which could send the economy into another recession. The only hope is if the “Democrats and the Republicans can compromise. The cliff is so bad, hopefully they will not drive over it.”

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