S&P has downgraded its outlook on U.S. debt from stable to negative. Should the commercial real estate industry be concerned?
Yes, the ballooning deficit left unchecked will lead to higher interest rates, driving up borrowing costs and driving down valuations
No, S&P’s wake-up call about out-of-control federal spending is just what the doctor ordered and will help expedite the implementation of long-term budget cuts that will heal our economy.
It only reinforces what Main Street and Wall Street already know about excessive federal spending. However, no serious action to resolve the issue will be taken before the 2012 presidential election
The credit rating agencies have no credibility in the wake of the financial collapse on Wall Street. Their voice is irrelevant.
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