Bernanke: A ‘Rodney Dangerfield’ Recovery
JUNE 20, 2016 | BY JOHN SALUSTRI | GlobeSt.com
The former fed chief believes the current upcycle gets little respect, a belief that bodes well for commercial real estate.
Former Federal Reserve Board chairman Dr. Ben Bernanke was the featured speaker as Marcus & Millichap, suited out with its newly tapped president and CEO, unveiled the 2016 edition of its Retail Trendsforecast. The platform for the event, as always, was the recent RECon conference here. (Marcus & Millichap is a GlobeSt.com Thought Leader.)
Bernanke was much more upbeat about the current and future economic conditions than many other pundits, especially given the volatility we weathered in Q1. Pointing out that 15 million jobs have been added to the employment roster since 2009, he termed the current upcycle a “Rodney Dangerfield” recovery, one that gets no respect.
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