I really like the new poll widget I installed in the side bar, its been a fun interactive way to learn what my readers like! Now, I’d like to share my results for last week’s question, “What’s Your Favorite Post Topic on Neural Market Trends?“ The winning answer was: “Neural Nets” followed by “Yale/Rapidminer Tutorials.” Thanks to all who participated!
This week’s question is, “Do you think the Stock Market is in another Bubble?“Â Please take a moment to visit the sidebar and cast your vote!
I don’t know, it seems a little fishy. What do you make of this essay?
General Motors’ Market Leadership Has Come Courtesy of the Plunge Protection Team
To analyze General Motors’ 12/31/06 FYE financial statement is to understand that this once great company is likely heading towards bankruptcy. Here are the gruesome details:
GM’s “as stated” net worth is negative $5.4 billion
By fully discounting intangible assets, which includes deferred tax assets, GM’s net worth is arguably negative $48.5 billion (refer to Note 13 of GM’s 12/31/06 financial statement)
GM’s as stated working capital is negative $3.7 billion
By fully discounting current deferred tax assets, GM’s working capital drops to negative $14 billion
General Motors’ total liabilities amount to a staggering $190.4 billion
GM’s net loss, in 2006, was nearly $2 billion
http://www.lewrockwell.com/englund/englund40.html
Twinsherry: There is such a thing as the plunge protection team, I have a link for it somewhere. Thanks for the article link, I’ll check it out.