State lawmakers allowed the county to divert tax revenue from certain county agencies to back a bond issue used to repay obligations. Rather than looking at the overall American economy, Whitney concentrates instead on the economic prospects for individuals states. That isn’t true.Orange County, California, bondholders “would not have been repaid had it not been for a bailout by the state of California.”Bailout? I still think rates will stay lower for longer.
The ones I know acknowledge that Arkansas was the last state to default, in 1933.Cities “just assumed that their states would be there to bail them out.” On the contrary, most local officials know that recourse to the states is limited and punitive.“Jefferson County’s finances were sunk by a water-and-sewer project that, thanks to graft and engineering blunders, never actually got built despite the county’s borrowing and spending billions.” Never got built? Or somewhere out there in the middle of the country.This is the thesis of Meredith Whitney’s “Fate of the States: The New Geography of American Prosperity.” The country’s “central corridor,” largely untouched by the housing bust, is going to drive the economy for decades to come.The “smart money,” she writes, “is flocking to states with lower tax burdens and less strained budgets.”Fleeing the coasts is not a new idea. The New Geography of American Prosperity. Clearly, with the coronavirus affecting every sector of the global economy, I recommend circumventing for the moment one of my favorite municipal bond sectors—airport revenue bonds. A veteran of Wall Street research for more than 15 years, she is followed for her macro and strategy research. Portfolio Hardcover, 2013 272 pages 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. The ghost of Meredith Whitney’s past is rolling over ... She is the author of six books on the bond market investing for individuals—all available at Amazon.com. It has reached epic proportions since then. What you don’t have is an accurate picture of municipal finance.“Fate of the States” is published by Portfolio/Penguin (260 pages, $27.95). If you live in a high tax state and you are in a high Federal tax bracket, these record high municipal bond prices and low yields can erase most of the tax breaks. Meredith Whitney. Their state tax rates can choke a perfectly healthy investor.
The book offers an economic perspective at the local and state level, not at the federal level. Running a hedge fund didn’t work out for Meredith Whitney, once one of the most famous banking analysts in the U.S. There’s no 2% unless it’s a story bond or a junk muni.Are there any bargains in corporate bonds? She has been mentioned on Fortune's list of the fifty most powerful women in business for four consecutive years, and in 2009 appeared on Time's list of the one hundred most influential people in the world. In June 2013, Meredith Whitney published her highly anticipated first book, Fate of the States: The New Geography of American Prosperity.
It concerns the fact that she sees up to 50% of all consumer credit lines being yanked at exactly the worst time for any prospects of a recovery…which would mean now. So she’s starting fresh at a Bermuda-based insurer. **• No refunds once a session has been scheduled and paid for.• 48-hour advance notice by phone is required when cancelling an appointment. She has been mentioned on Fortune's list of the fifty most powerful women in business for four consecutive years, and in 2009 appeared on Time's …
All Rights Reserved. Good for the issuers who are issuing new municipal bonds at yields not seen since the 1950s.
She is known for successfully forecasting the difficulties of Citigroup and other major banks during the financial crisis of 2007–2008. Meredith Whitney's "Fate of the States: The New Geography of American Prosperity" describes the dire financial situation that some states are in and also talks about the economic prosperity of others. This allows the opportunity for someone else to schedule an appointment.To be loved by a horse, or by any animal, should fill us with awe — for we have not deserved it.
As Envision’s CEO, Marilyn and her company specializes in managing bond portfolios for individuals. **Emergency calls/same day-add $100 to the below prices. No, I’m not bearish on interest rates. From Wikipedia, the free encyclopedia Meredith Ann Whitney (born November 20, 1969) is an American businesswoman hailed as “The Oracle of Wall Street” by Bloomberg. Do you want answers to those questions you have been asking? Share ... maybe even a book. Between flight cancellations and curtailed supply chains, I expect a massive decline in freight tonnage passing through airports. There are 89,004 local governmental entities in the U.S. Take four or five or a dozen headlines and “connect the dots,” and you no doubt have a trend, maybe even a book. Ms. 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. Those bonds are as pristine as can be. I also communicate with animals that are living here in the physical as well. ~Marion GarrettySign up now to get my newsletter and get your FREE Animal Communication Tip Sheet delivered to your inbox.© Copyright 2020-2025 Meredith Whitney.
To buy this book in North America, click here. The most overvalued states are of course the most confiscatory states: California, New York, Hawaii, Oregon, Minnesota, New Jersey, Vermont, plus the District of Columbia. I am talking about BBB credits like Broadcom, Hasbro, Seagate and Jabil. Perhaps the favorite word of these proponents of the decline and fall of New York and California is “already.” Whitney doesn’t disappoint: “The United States is already in the process of rebalancing itself demographically based upon opportunity and standard of living.” This is already happening, she writes. The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that. Of course.
So pause and calculate what a taxable corporate bond yields versus the microscopic tax free municipal bond yield and see what serves you best.
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