Once again, I must apologize for the lack of blog updates recently. I’ve been on the road visiting company managements almost continuously for the past several months–first booming Texas, then booming China, then New Jersey and Long Island, then Texas again, and most recently Phoenix. After meeting with dozens of executives all over the country (and out of it, too) in all sorts of different industries–from retail to manufacturing to tech to finance–I was not at all surprised to see this past Friday’s big revision in third quarter GDP.
Almost to a person, corporate managers seem to be quite upbeat these days. So much so that I’m about to say something I didn’t think I would say for a long, long time: believe it or not, real estate is probably a good investment again.