Meredith Whitney thinks things are getting worse.
“I don’t think this year is going to look any better than last year,” Whitney said in an interview Tuesday on CNBC. “In fact it will look worse because there’s so much credit coming out of the system.”
“The probability of more people going into default is higher, so the banks are going to have a tough time,” she said.
She’s one of the few who has been right consistently for the last two years….
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.