Meredith Whitney on Goldman Sachs, no recovery on main street, the coming double dip in housing and how it will negatively restate bank balance sheets.
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Meredith Whitney on Goldman Sachs, no recovery on main street, the coming double dip in housing and how it will negatively restate bank balance sheets.
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Key thing she said at the end is there is no sign of the consumer yet. That is key. The fact factories are adding production, they are merely restocking depleted inventories. No consumer and those inventories are going nowhere.