Perhaps it is a sign of uncertain times when top-level economists start talking about feelings. The current U.S. economy is “not quite as bad as it feels,” said JLL Americas managing director Ben Breslau, during a 2016 ULI Fall Meeting panel discussion. “Not that there’s no risk, but it’s not quite as bad as it feels.”

The discussion, moderated by Prudential Real Estate Investors principal Collette English Dixon, featured Breslau and Joshua Scoville, senior managing director of research for Hines.

Breslau and Scoville agreed that a disconnect exists between the market realities and what they called the “noise” in the world. The business world is buffeted by daily headlines fueling uncertainty, from economic turmoil in China and plummeting oil prices to Brexit and negative interest on sovereign bonds.

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