January 01, 2007
Economic Recession/Wealth Destruction
| Name | Type | Mentions | |
|---|---|---|---|
| USA Consumers | person | 0 | View Entity |
HOUSE_OVERSIGHT_021022.jpg
This document consists of two presentation slides (pages 361 and 362) from a KPCB report titled 'USA Inc. | What Might a Turnaround Expert Consider?'. The slides provide a macroeconomic analysis of the US consumer's role in GDP growth, highlighting a shift after 2007 where wealth destruction (real estate and equity decline) and high unemployment (rising to 10%) forced consumers to increase savings and decrease spending. The document bears a 'HOUSE_OVERSIGHT' bates stamp, indicating it was part of a Congressional investigation.
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