Why No One Knows Where the Economy Really Stands

businessweek.com ^ | 11/3/09 | Ed Wallace

[Kartographer]

In the corporate world the first and most critical item for anyone taking over a troubled institution is determining where that company stands financially. Identifying and assessing cash on hand against negative cash flow, sorting out divisions that are hemorrhaging badly from those making a profit, and items such as outdated inventories that need to be written off against the costs of the products that are still selling—all of that is crucial information, needed immediately if not sooner. What the educated executive is looking for is where the company really stands on that given day. Only then can a baseline for performance be drawn and a way established to return the company to long-term profits.

[Diana in Wisconsin]

Gold flirting with $1,100.00 an ounce. That’s all I need to know. :)

[Neidermeyer]

Our new CEO , Obama , has no interest in stopping the hemmoraging. He is purposefully keeping several game changing balls in the air to paralyze business while simultaneously strengthening our competitors and allowing the red on our balance sheet to expand to the point where we have lost the faith of our bankers... they only lend to us because they need to keep the charade going for their portfolios benefit.

[Freddd]

Where does the economy stand?

Way down here.

[A CA Guy]

The economy sucks and there is no reason for the stock market to be where it is.
Perception is different than reality, and markets would rather go with a rosy perception over a bleak truth IMO.

[Starboard]

The economy sucks and there is no reason for the stock market to be where it is.

If the economy was healthy there would be demand for money. The fact that interest rates are extremely low supports your point.

[kempo]

People that have money are scared to spend it because they don't know what zero, pelosi, and reid are going to be able to get by with so they are socking their money back. When people are not spending money to buy goods and services no jobs are created which means no recovery. The government is printing out trillions of dollars which are worth less and less and the public knows they are going to have to pay it back in the form of taxes and makes them hunker down even more and save for the super inflation that will take place.

[fightinJAG]

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