Loading...
Most Recent Stories

MEREDITH WHITNEY: HOUSING DOUBLE DIP IS CERTAIN

Meredith Whitney’s macro outlook remains quite negative.  She believes austerity in the USA will lead to a “very rough second half”. In terms of the jobs market she says unemployment is likely to remain high as structural problems in the private sector persist. Whitney believes the banks are “zombies” that are still loaded with non-performing loans. In addition, Whitney says the bank balance sheet problems could deteriorate as she sees an “unequivocal” double dip in housing:

Part 1:

Part 2:

Source: CNBC

Comments are closed.