HOUSE_OVERSIGHT_021050.jpg
1.34 MB
Extraction Summary
1
People
6
Organizations
10
Locations
0
Events
0
Relationships
3
Quotes
Document Information
Type:
Presentation slides / financial report
File Size:
1.34 MB
Summary
This document consists of two slides from a financial presentation titled 'USA Inc. | Consequences of Inaction' by KPCB (Kleiner Perkins). The slides analyze the United States' financial standing in 2009-2010, comparing government net worth against European peers (showing the US as 'worse' than Germany/France but better than the UK/Greece) and tracking global foreign exchange reserves to highlight the US Dollar's continued dominance despite debt levels. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, suggesting it was part of a Congressional investigation document production.
People (1)
| Name | Role | Context |
|---|---|---|
| Arnaud Mares | Researcher |
Cited as the source for the Morgan Stanley Research data in the top slide.
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Organizations (6)
| Name | Type | Context |
|---|---|---|
| KPCB |
Kleiner Perkins Caufield & Byers; logo present on slides, indicating the originating organization of the presentation.
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| Morgan Stanley Research |
Source of data for the 'Government Net Worth' chart.
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| U.S. Dept. of Treasury |
Mentioned in the footnotes regarding data comparisons.
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| IMF |
International Monetary Fund; source of data for the 'Foreign Exchange Reserves' chart.
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| USA Inc. |
Title of the presentation/report series.
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| House Oversight Committee |
Inferred from the Bates stamp 'HOUSE_OVERSIGHT'.
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Locations (10)
| Location | Context |
|---|---|
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Listed in net worth comparison chart.
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Listed in net worth comparison chart.
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Listed in net worth comparison chart.
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Listed in net worth comparison chart.
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Listed in net worth comparison chart.
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Subject of the comparison.
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Listed in net worth comparison chart.
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Listed in net worth comparison chart.
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Listed in net worth comparison chart.
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Listed in net worth comparison chart.
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Key Quotes (3)
"On a Net Worth Basis, USA Inc. Also Sits in Middle of Pack vs. Western European Peer Governments"Source
HOUSE_OVERSIGHT_021050.jpg
Quote #1
"Combined With US Dollar’s Reserve Currency Status, Investors Still Prefer USA Inc.’s Debt, For Now"Source
HOUSE_OVERSIGHT_021050.jpg
Quote #2
"Estimates of government net worth depends heavily on underlying assumptions such as projections for GDP, demographics, policy changes, etc."Source
HOUSE_OVERSIGHT_021050.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (1,643 characters)
On a Net Worth Basis, USA Inc. Also Sits in Middle of Pack vs. Western European Peer Governments
Illustrative Estimates* of Government Net Worth, 2009
[Chart Y-Axis Label]: Estimated Government Net Worth as % of GDP
400%
0%
-400%
-800%
-1200%
-1600%
400%
0%
-400%
-800%
-1200%
-1600%
[Chart Categories]:
Better Than USA: Italy, Germany, Belgium, France, Portugal
Worse Than USA: USA, UK, Spain, Ireland, Greece
Better Than USA: Italy, Germany, Belgium, France, Portugal
Worse Than USA: USA, UK, Spain, Ireland, Greece
[Legend]:
Cost of Ageing
Structural Deficit
Initial Debt Level
Cost of Ageing
Structural Deficit
Initial Debt Level
Note: *Estimates of government net worth depends heavily on underlying assumptions such as projections for GDP, demographics, policy changes, etc. Net worth estimates may differ from U.S. Dept. of Treasury's data (used in earlier slides). For more details on underlying assumptions, please refer to Morgan Stanley Research's Global Outlook piece "Sovereign Subjects: Ask Not Whether Governments Will Default, But How," 8/25/10.
Source: Arnaud Mares, Morgan Stanley Research.
Source: Arnaud Mares, Morgan Stanley Research.
KP
CB www.kpcb.com
USA Inc. | Consequences of Inaction 417
CB www.kpcb.com
USA Inc. | Consequences of Inaction 417
Combined With US Dollar’s Reserve Currency Status, Investors Still Prefer USA Inc.’s Debt, For Now
Global Aggregate Foreign Exchange Reserves by Currency, 1999 – 2010*
[Chart Y-Axis Left Label]: Global Foreign Exchange Reserves (US$B)
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
$0
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
$0
[Chart Y-Axis Right Label]: US Dollars' Share of Total
100%
75%
50%
25%
0%
100%
75%
50%
25%
0%
[Legend]:
Other Currencies
Euros
US Dollars
US Dollars' Share of Total
Other Currencies
Euros
US Dollars
US Dollars' Share of Total
[X-Axis Years]: 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010*
KP
CB www.kpcb.com
Note: 2010 data are preliminary and as of CQ3. Source: IMF.
USA Inc. | Consequences of Inaction 418
CB www.kpcb.com
Note: 2010 data are preliminary and as of CQ3. Source: IMF.
USA Inc. | Consequences of Inaction 418
HOUSE_OVERSIGHT_021050
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