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More Moody Down Grades - $1.76 trillion

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April 01, 2009 – Comments (5)

Saw that on Calculated Risk...

And reading it, that's related to the commericial real estate ...

I think I really hit the mark warning about commerical real estate when I was top fool ...

 

"The most prominent new driving force behind credit rating reductions would be deterioration of commercial real estate," [Moody's chief economist John Lonski] said.

5 Comments – Post Your Own

#1) On April 01, 2009 at 11:09 PM, alstry (35.02) wrote:

As I told you....70-90% of American citizens, businesses, and municipalities are about to go bankrupt.

This just seems so ridiculously easy to see.

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#2) On April 01, 2009 at 11:23 PM, rick4real (< 20) wrote:

alstry, i couldn't agree more since i told many peeps about the implosion of the us over 2 yrs ago. i hated being right after all since there is so much suffering. it is too bad americans could not take their heads out of the sand long enough to see what a 5th grader could have predicted. sad to say for those of us that love and remember the good ole usa, but we are now chinamerica and blame yourselves comrades because it won't be long before that is how we greet oneanother.may god help us all.

 

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#3) On April 02, 2009 at 1:57 AM, gman444 (28.78) wrote:

Yes, it seems like there are articles popping up all over the place now on the pending failure of commerical real estate.  Here are a couple good ones I ran across today...

What Hancock Tower Sale Means for Commercial Real Estate - Morgan Stanley

Three Reasons Commercial Real Estate Could Hold Back a Recovery

It seems that even  if some measure of short-term stability for the banks has been achieved with the bailouts, if commercial real estate fails the way the housing market has, we go right back into the abyss.  

 

 

 

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#4) On April 02, 2009 at 2:52 AM, dwot (43.46) wrote:

I agree, it was easy to see coming...

I got a number of friends to sell stocks early rather then late and when I still had some in the market but was working on my exit strategy people that would ask me about stocks I told this isn't the time to learn about them, unless you want to the learn the stuff we'd all rather skip...

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#5) On April 05, 2009 at 5:31 PM, bammerone (30.28) wrote:

Yawn, Moody's, AM Best, S&P are just late reacting to the massive loss on balance sheets that has already been baked ino the system both in pummeled stock prices, and in the severe lack of commercial lending. When did Buffet extort his pound of flesh from GE? 4 months ago? These groups are like stock analysts, actuaries and risk managers. they are great reacting after the fact, but by the time they put out negaive ratings, things are pretty near or coming out of a bottom. it's the nature of the beast when looking at historical numbers that valued 3-6 months ago, When these organizations can warn the investment word that AIG, Countrywide, BofA, and all the others are ridiculously over-leveraged, then maybe we should pay more attention. Unemployment is another trailing indicator that is reflecting cost cutting that has just about run its course. Maybe my meds are too positive lately.

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