PoochyB’s Wordstock

The Myopia of Private Equity.

my·o·pi·a
n.  

1. A visual defect in which distant objects appear blurred because their images are focused in front of the retina rather than on it; nearsightedness. Also called short sight.
2. Lack of discernment or long-range perspective in thinking or planning: “For Lorca, New York is a symbol of spiritual myopia” (Edwin Honig).

Nevertheless, Mirros anticipates a nerve-wracking denouement.

de·noue·ment also dé·noue·ment
n.  

1. 1. The final resolution or clarification of a dramatic or narrative plot.
   2. The events following the climax of a drama or novel in which such a resolution or clarification takes place.
2. The outcome of a sequence of events; the end result.

The concept is to require the banks to build extremely thick capital cushions that could protect against a multitude of sins and obviate the need for some of Basel II’s micromanagement.

ob·vi·ate
tr.v.   ob·vi·at·ed, ob·vi·at·ing, ob·vi·ates
To anticipate and dispose of effectively; render unnecessary. (prevent)

When Prudential Real Estate Investors jumped into a joint-venture deal with Atlanta-based Cousins Properties late last year, it was both a sign of the times and a portent for things to come.

por·tent
n.  

1. An indication of something important or calamitous about to occur; an omen.
2. Prophetic or threatening significance: signs full of portent.
3. Something amazing or marvelous; a prodigy.