Recovery not tripped up by commercial property, Frishberg says

10/13/2009 | CNBC

Asked on CNBC's "Squawk Box" whether commercial real estate was going to "blow a hole" in the recovery, Daniel Frishberg, chief investment strategist at LafferFrishberg responded that banks in the U.S. "are sitting in the best position they've been in for a long time." People increasingly are warming to the idea there is a recovery getting under way, he said. "I think the economy will be stronger one month from today than it is today," he said. "I think it will be stronger in three months than it will be a month from today."

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