Photo: Mary meeker
USA Inc.: Red, White, and Very Blue
Mary Meeker says that if the U.S. were a corporation, it would be sick—but fixable. Ideas for solving the U.S.'s long-term fiscal mess
The bottom line on USA Inc.? Cash flow and net worth are negative, profits are rare, and off-balance-sheet liabilities are enormous. The "company" has underinvested in productive capital, education, and technology—the very tools needed to compete in the global marketplace. Lenders have been patient so far, but the sky-high rates on the sovereign debt of Greece, Ireland, and Portugal suggest what might lie ahead for USA Inc. shareholders and our ... Full Story »
Posted by Fabrice Florin - via Joey Baker (t), Johan Jessen (t), Tshiung Han See (t), Wil Kristin (t), Seth Roberts Farber (t), Donica Mensing (t)
