AXIOS March 3, 2025
America is the world’s biggest business, and its shareholders — U.S. taxpayers — should be panicked about the state of their investment, says star Wall Street analyst-turned investor Mary Meeker.
Why it matters: For the first time since 2011, Meeker examined the financials of the U.S. the way she would analyze those of a public company. “USA Inc,” however, has more at stake than any single corporation: America’s worsening fiscal position could limit its ability to respond to economic or geopolitical threats down the line.
What they’re saying: “Beneath the surface, financial ‘results’ — treating the government as if it were a corporation — conceal a buildup in structural weakness that can jeopardize our country’s standing in the world,” Meeker,...
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