10.14.2009

You call that exuberant?

When even the cheerful folk sound like Cassandras, we're in a world of hurt.

Exuberant Accountant:
Is our Country on a Collision Course?
As an accountant and auditor I have been trained to make assessments on the health of organizations. In fact, we even have a special model we use called the Altman Z-Score. This mathematical formula determines the probability that an organization will go into bankruptcy. As I read Lawrence Kadish’s article titled, Taking the National Debt Seriously in the Wall Street Journal, I just kept thinking of the Altman Z-Score.

The answer to the question in the title is a resounding "Yes."

Thanks to Jr. Deputy Accountant for pointing me to a good new blog.

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