Meredith Whitney: “No Doubt We Have Entered A Double-Dip For Housing”

Meredith Whitney: “No Doubt We Have Entered A Double-Dip For Housing”

Jun 28, 2010 3 Comments



Highlights from an interview by Meredith Whitney on CNBC:

  • A double dip in housing is a certainty
  • State economies are plunging, and are $200 billion underwater, will lead to 2 million in state-level layoffs leading to a low-end impact; raising taxes at state level will impact the top-end
  • Retail sales have been stronger only due to consumers not paying mortgages, retail sales have already topped as is
  • Q2 bank results will finally catch up with accelerated mortgage foreclosures; charge-offs and delinquencies in credit cards are better due to mortgage non-payment cash flow going to other obligations, and this will soon top as well
  • Structural employment issues in the US won’t get better any time soon

Full interview:

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3 Responses to “Meredith Whitney: “No Doubt We Have Entered A Double-Dip For Housing””

  1. Pete Nov 12, 2010 at 8:21 am

    Informative post, if not a little depressing. If fear things are set to get worse before they get better!

  2. Rapidshare Search Jan 03, 2011 at 1:07 pm

    Awesome informative post. Thanks for helpful article.

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