Thursday, November 8, 2012

U.S. economy added 171,000 jobs in October

This is a good news for the US and Global economy, for Commercial Real Estate and absolutely for Obama. This is a culmination of the tough years slowly turning around and quite likely the first positive momentum in a very long time.

While this is positive there is definitely caution to the wind. The stock market did not exactly rocket up and for good reason. Post election will be a "back to reality". Companies are still holding on to over $2 Trillion of cash. Real decisions need to be made. Politicians in the US will finally have to be leaders and do their jobs.

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