Tuesday, July 21, 2009

Captain Obvious writes a paper...

...called a "Red-Yellow-Green" study, which of course conjures images of primary color utilizing stoplights with the reader as driver looking around to see which light to obey. Given that the rating agencies are having some legal issues related to their "guidance", this kind of metaphor is probably not the wisest choice.

I wonder if they understand the scale of the problem.

The downward spiral in commercial real estate market fundamentals has
accelerated as the recession persists, Moody's Investors Service says in its
latest Red-Yellow-Green study. For the first time in six years, none of the
seven property types tracked by Moody's has a "green" or strong score, while
four of the property types are at levels of weakness unmatched in the almost
10-year history of the study.

No comments: