Speaker at economic outlook breakfast upbeat about economy

SYCAMORE - The economy isn't that bad. At least that's the interpretation Jim Glassman, a managing director and senior economist with JP Morgan Chase & Co., shared with DeKalb County business and community leaders during an economic outlook breakfast Tuesday morning at the DeKalb County Farm Bureau building. Glassman - who served on the Federal Reserve Board from 1979-1988 - said that with the exception of a few industries, much of the county's economy is doing well. “We know there are challenges, and the challenges are largely related to the housing index,” he told the 200-plus audience members during his presentation. “For the large part, we are doing fine.” A recession doesn't necessarily describe what's going on right now, he said. In