Whitney who shook bond markets with an appearance in 2010 on 60 minutes in which she predicted scores of municipal defaults will reveal. Meredith ann whitney born november 20, 1969 is an american businesswoman hailed as. Fate of the states by meredith whitney pepperdine university. As bond manager and a municipal bond investor myself, the market is grotesquely overvalued. Muni call right, in that meredith whitney kind of way cnbc.
In it she delivers a sobering vision of the next few decades by exploring the consequences of roughly half the country being stuck in a vicious cycle of decline while the other half enjoys a virtuous circle. Deconstructing meredith whitneys municpal bond default. Meredith whitney lands book deal the new york times. The deep dish on why meredith whitney was dead wrong on municipa.
Meredith whitney was flatout wrong about municipal bonds. Nary can a conversation be had about municipal finance without whitney s forecast being mentioned see the truth about bankruptcy. Charlie gasparino wants meredith whitney to open her books. This is the thesis of meredith whitney s fate of the states. Meredith whitney discusses her now famous call on municipal defaults in 2011. I accept visa, mastercard, american express or discover or paypal. In june 20, meredith whitney published her highly anticipated first book, fate of the states. Muni call right, in that meredith whitney kind of way.
Muniland needs defenders when meredith whitney talks her book. Meredith whitney offers barrage of numbers, errors. A few months ago, the largely useless television show disguised as a news program 60 minutes interviewed meredith whitney, a former oppenheimer banking analyst to discuss her wild claims regarding a wave of municipal defaults expected across the u. Jul 08, 20 in 2010 meredith whitney made an earth shattering statement during a cbss 60 minutes interview that rocked the municipal bond investment world. In fate of the states, whitney argues that a new map of. The new war between the states foundation for economic. Investors who stayed the course, held their positions and continued to buy bonds as their investment dollars became available were well rewarded for their buyandhold. Meredith whitney s fate of the states provides a focused and mostly pessimistic economic outlook based on still lingering impacts from the combined housing and financial meltdown. Or somewhere out there in the middle of the country. Whats making famous bear meredith whitney so bullish.
Meredith whitneys muni bond prediction draws scrutiny. Meredith whitney is publishing a book entitled downgraded. If you had told me in high school id write a book about municipal finance, id have said, thats so lame. When it comes to her call on municipal bonds, it seems that meredith. This is not going to turn out well for the little guys who are taken in by this con and hold onto their municipal bonds. Critics say the call is overstated, but it has alarmed. In a new book, analyst meredith whitney argues that the u. Meredith whitney thinks you should move to flyover country. Meredith whitney blames 60 minutes for her muni call, then. Sorry charlie, meredith whitney lives in a free country. Jun 10, 20 now whitney is promoting her first book, fate of the states. Feb 22, 2012 meredith whitney, the banking analyst whose prediction of hundreds of billions of dollars of municipal bond defaults last year didnt prove true, plans to write a book about the market. At worst, they realize that whitney is right, are holding massive amounts of this toxic paper, and are praying to god for either a miracle or a bailout. Sep 27, 2011 meredith whitney the gist of the story was that a highly influential analyst was about to release a bombshell negative report.
But shes out of that business, and in fact, she says, she. This was the thesis to whitneys 20 book, fate of the states. Jun 08, 2011 wall street bank analyst meredith whitney on wednesday continued to stand by her call last year that hundreds of billions of dollars of u. Meredith whitney comes out swinging in her compelling new book released this week titled, fate of the states. Whitney has signed a deal with portfolio, an imprint of the penguin group, to write a book about the growing problems in the municipal bond market, according to a statement from the publisher. It is the theme of her book, due for release in june. Whitney who shook municipal bond markets with a 2010 appearance on 60 minutes in which she predicted scores of municipal defaults will reveal why americas cities and.
The new geography of american prosperity, is big on predictions. One of the holidays top movies forgets an important part. Meredith whitney is the ceo of the investment firm meredith whitney advisory group, llc. See kevin roose, meredith whitney lands book deal, n. Nov, 20 meredith whitney, the wall street analyst who forecast a flood of u. Jun 27, 2012 meredith whitney was a little off her game when it came to the municipal bond market. Its been a little more than two years since her infamous predictions of massive muni defaults helped send the market into a tailspin. Meredith whitney turns muni call into book not novel wsj. Previously a littleknown wall street analyst, meredith whitney.
The point of meredith whitney s investigation, in her mind, was not to predict defaults in the municipal bond market. Yesterday dealbook announced the dreariest news possible for muniland. The new geography of american prosperity by meredith whitney by eamon moynihan 091220 in december 2010, meredith whitney, the financial analyst, appeared on 60 minutes, where she predicted that the united states would see between 50 and 100 defaults of municipal bonds. The new geography of american prosperity, which was released last tuesday, but muni experts say she is irrelevant.
Aug 04, 2011 more proof that meredith whitney may be right with her prediction of municipal bond armageddon. For portfolio managers running nontaxable bond funds, this was exciting. Whitney, 41, finds herself pilloried in the news media and by colleagues for predicting a calamity in municipal bonds. It was to compare the states with one another so that they might be ranked.
Jan 24, 20 financial analyst meredith whitney first sounded the alarm during a 2010 interview on cbss 60 minutes, predicting between 50 and 100 sizable defaults amounting to hundreds of billions of. State and municipal coffers overflowed, unemployment shrank, and local. Jun 22, 20 whitneys book, fate of the states, came out of an appearance she did on 60 minutes in 2010, when she predicted a large spate of municipal defaults as cities struggled to pay back their debts. Its awardwinning editors and writers scour more than 200 trusted news sources from across the globe, then artfully stitch together all sides of the story. Why the next economic crisis will be local, is expected to hit bookstore shelves in november. Meredith whitney plans to write book on muni market, nyt says. Jun 04, 20 bloombergs municipal columnist joe mysak drove straight to the heart of whitney s thesis. Deconstructing meredith whitneys default predictions. If you want to know what these wall street firms are really worth, take a cold, hard.
Meredith whitney redraws map of prosperity usa today. She and her husband live in new york city and bermuda. Jun 05, 20 the book was not written to be provocative, whitney says. Sorry charlie, meredith whitney lives in a free country the.
Whitney, appearing on cnbc this morning, confirmed shes writing a book, tobe titled downgraded. Feb 22, 2012 meredith whitney, the financial analyst whose report on citigroups headscratching dividend payment program earned her a spot in the atlantics 2009 brave thinkers issue and made her persona non. Mar 20, 2009 its a brisk morning, and meredith whitney, dressed in a tightly. Can meredith whitney leverage her prediction of the banking. Apr 01, 2021 the week magazine is simple and clever. In a 500 page report, she predicted the collapse of municipal bonds. Sachswas going to trade down to book valuethe stock did drop but. Star analyst who predicted bank collapse is ducking the spotlight. Paramount is suing to prevent the publication of the newest sequel to the godfather, municipal bond market doomsayer meredith whitney lands a book deal, and. Whitney hedge fund wins backing from bluecrest principals. She has done a lot of hard work to reach this level. Meredith whitney is still worried about municipalities and now shes writing a book about it. The remarkable life of one of wall streets loudest. Jan 18, 2011 sorry charlie, meredith whitney lives in a free country.
Can meredith whitney leverage her prediction of the. Author meredith whitney makes an argument for the reasons that certain locales are waging pugilistic budgetbalancing tactics against their fellow states to build their own infrastructure and industry. Mar 01, 2012 in december 2010, less than two years after our emergence from the worst recession in 70 years, banking analyst meredith whitney opined on cbss 60 minutes that we were on the precipice of a. Times up meredith whitney, muni prediction was wrong. Jul 15, 20 this uhaul priceshopping exercise echoes the prognostications of bank analyst meredith whitney in her new book fate of the states. Can you hear the madness in the municipal bond market. Muni meltdown that wasnt bloomberg professional services. Mar 02, 2020 the ghost of meredith whitney s past is rolling over. A decade later, whitneys forecast of a wave of municipal defaults has not panned out. Thus, living a beautiful like with ample financial backing is not a huge concern for meredith whitney. Her timing is a little off as she predicted the american bond market crash to happen sometime 2012. Jun 07, 20 meredith whitney is just trying to change the world with her new book not shake the global financial markets. One of the most respected voices on wall street, meredith whitney shot to global.
Whitneys municipal debt thesis is still considered valid by at least one analyst. Why the next economic crisis will be local, which is due out in. Exfinancial times blogger john mcdermott had a great pullquote from michael lewiss book, which was lavish in its praise of whitney. Meredith whitney became famous in 2007 for spotting citigroups subprime. Bloomberg tv municipal bond expert cate long wrote a pretty serious take down of bank analyst meredith whitney s new book on state economies in reuters this morning. Dont worry about meredith whitneys fate of the states next city. Mar 19, 2011 deconstructing meredith whitney s municpal bond default predictions politics mainstream media mar 19, 2011 11. Meredith whitney will again ganer attention in november 2012 when she is expected to release a book that makes similar arguments regarding the likelihood of defaults in the municipal securities market.
Meredith whitneys muni bond prediction draws scrutiny the. But she may yet be vindicated not because of her prediction of mass defaults, but as a result of the red. Rather than looking at the overall american economy, whitney concentrates instead on the economic prospects for individuals states. One of the holidays top movies forgets an important part of. Munis may take it in the teeth after all investmentnews. Nov 08, 2012 i covered this book for next citys forefront daily. Ive always been a fan of charlie gasparinos, i like his hardnosed, old school journalism style and generally have agreed with a lot of his opinions over the years. Payment must be made at the time that you schedule your session. Meredith whitney plans to write book on muni market, nyt. Imdb, the worlds most popular and authoritative source for movie, tv and celebrity content. Further, she published a study report in 2007, addressing citigroups reducing their dividend because of mortgage losses. In 2010, meredith whitney addressed the public on 60 minutes, predicting that the united states would surname 2 witness 50 to 100 defaults of municipal bonds. Meredith whitney bio husband, net worth, life, john. Awesome book with all the statistics meredith has found to back up all her claims.
She closed her hedge fund soon after she made the disastrous call. I would definitely read any other books meredith comes out with in the future. Florida hopes disclosure will avoid a meredith whitney moment. Meredith whitney s predictions were hopelessly wrong. In order to book a session, please scroll down and click on the type of session that you would like. Fairly or not, meredith whitney will go down in history for. But that takes nothing away from her analysis or her final denouement of a us bond crash in state and municipal debt. Hobbies and favorite things reading books and painting are meredith whitney s hobbies. Whitney stands by muni bond defaults forecast reuters. Jun 04, 20 meredith whitney is the founder of meredith whitney advisory group and author of the just released fate of the states. Meredith whitneys calamitous predictions for municipal debt havent yet been. Of the great municipal market meltdown so confidently predicted for 2010, 2011, 2012. Whitney, a financial analyst and frequent cable news guest, is going to run for office. Meredith whitneys muni bond prediction draws scrutiny the new.
Meredith whitney, a wall street analyst and investment advisor, has a book coming out. Meredith whitneys fall from grace business insider. In december 2010, meredith whitney, the financial analyst. Few muni investors are oblivious to whitneys criticisms of state and local government finances. Apr 08, 2011 late last year, outspoken banking analyst meredith whitney rattled the staid world of municipal bonds with a bold prediction on 60 minutes that hundreds of billions of dollars in munis would soon.
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