Ivanka Trump of The Trump Organization says she isn't totally sure the recent stock market gains are based on fundamentals.I just don't know how to believe this is a V-shaped recovery,as opposed to a W.Commercial real estate hasn't really entered the system yet.I have a feeling that we're going to be coming out of this very slowly.Our consumers are still coming,but people are much more tentative in real estate and jewelry.We launched our jewelry line two years ago,Ms.Trump noted,wearing some costume earrings from the collection.
A massive deleveraging has to occur in commercial real estate,Ms.Trump believes.There has to somehow be a rationalization of that system.When people aren't hiring,they don't need office space.There's much more vacancy in the New York midtown core.Bankers are starting to call again to solicit business,but nobody's making substantial or reasonable loans,Ivanka Trump observed.A willowy blond,Ms.Trump has appeared with her father Donald on The Apprentice reality T.V. show.
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