Tuesday, April 12, 2011

The state of the Current Global Crisis

The IMF has issued a public alert regarding the state of the finances of the USA. It will be interesting to watch the reaction to this.

Meanwhile, the USA's Journal of Accountancy reports the results of a biennial survey conducted by the AICPA’s Private Companies Practice Section in conjunction with the Texas Society of CPAs. According to this, accountancy firms reported that half of their clients are still in crisis:

And that is in the USA!

Elsewhere, commodity prices are falling, and equity prices are stuck.

But the authorities would like us to believe that the crisis finished two years ago.

So much for the authorities.... Sphere: Related Content

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