Meredith Whitney, founder and CEO of the Meredith Whitney Advisory Group, discusses financials and the state of the credit market on CNBC. Two things I appreciate about Whitney are her ability to explain the interconnection of banks, credit, housing and the economy in a common sense way; and the fact is that she is now given lenghthy time for her interviews which allows for a fuller explanation of her thoughts.
Nothing fundamentally has changed with the banks. The government intervention has just kicked the can down the road. She expects another major leg down in the stock market:
And “There's no doubt that home prices go down dramatically from here.”:
Cory’s Chart Corner
“An explosive critique about the investment industry: provocative and well worth reading.”
“Juggling Dynamite, #1 pick for best new books about money and markets.”
“Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.”