zerohedge.com / By Tyler Durden / November 1, 2012, 21:12 -0400
When Mary Meeker, formerly of pre-IPO bubble analyst fame, released her “USA, Inc.” presentation last year, which assayed the US government as if it were a corporation, her conclusion was simple:the country is broke, and can not continue along the path it is on now. Fast forward to today, when the US debt balance is over $1 trillion higher, and the next edition of Mary Meeker’s presentation which she released at last week’s Ira Sohn conference. Her conclusion: the US is now broke-er than ever.
The summary bullets of the must read cover to cover 50 page presentation.
- America is losing its edge – some of this is inevitable as other countries improve their competitiveness, some of this is self inflicted.
- Financial strength is vital to competitiveness – it’s core to a healthy economy, job creation, vibrant education / culture and military leadership.
- Positive cash flow and a strong balance sheet are key to financial strength – bottom line, it’s bad to spend more than one brings in, as America is doing. In effect, as each day passes – with our rising losses and debt load – we rob just a little bit more from the future.
Thanks to BrotherJohnF