- A double dip in housing is a certainty
- State economies are plunging, and are $200 billion underwater, will lead to 2 million in state-level layoffs leading to a low-end impact; raising taxes at state level will impact the top-end
- Retail sales have been stronger only due to consumers not paying mortgages, retail sales have already topped as is
- Q2 bank results will finally catch up with accelerated mortgage foreclosures; charge-offs and delinquencies in credit cards are better due to mortgage non-payment cash flow going to other obligations, and this will soon top as well
- Structural employment issues in the US won't get better any time soon.
[Email readers will need to come to site to view]
Video #1 - 10 minutes
Video #2 - 6 minutes
[Mar 18, 2009: CNBC - Meredith Whitney's Latest Views]
[Jan 30, 2009: Meredith Whitney Joins Roubini & Soros in Smothering the Kool Aid]
[Sep 23, 2008: Meredith Whitney and I Continue to Agree, Bailout or No Bailout]
[Aug 4, 2008: Meredith Whitney Continues to be Negative on Financials (and Housing)]
[Mar 26, 2008: I'm on Meredith Whitney's Side]
[Jan 30, 2009: Meredith Whitney Joins Roubini & Soros in Smothering the Kool Aid]
[Sep 23, 2008: Meredith Whitney and I Continue to Agree, Bailout or No Bailout]
[Aug 4, 2008: Meredith Whitney Continues to be Negative on Financials (and Housing)]
[Mar 26, 2008: I'm on Meredith Whitney's Side]