OilyGasMiner

The U.S. Economy After the Bailout

Our economy is truly in a state of depression and the various factors that you've listed really hit home. The question is: Is it too late to make amends? We are so deep in a hole that we might be treading water in one place for some years to come. But it seems as if every time we take one step forward we take 5 steps backward from the endzone. With the new SEC guidance passed within hours of the failed bailout attempt, bankers can now modify their valuation on various assets in their books. But what will that do??? Ill tell you what, more magic tricks and cover ups of the actual numbers.

"Accounting rules and their application can change balance sheet and income statement ‘cosmetics’, but they do not change the ultimate valuation fundamental which is ‘how much cash does a company have in its coffers to operate its business day to day, and will its prospective cash flow sustain the business and result in appropriate after-tax free cash flow returns on invested capital’."
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