This energy- and agriculture-rich region characterized by low tax rates and debt levels is poised to grow at a much faster rate than other parts of the country where tax rates and debt levels are much higher, Meredith Whitney says.
Star analyst Meredith Whitney kicked off the IMCA conference Sunday in Seattle by decrying her reputation as a “doom and gloomer.”
The United States is set to undergo a "geographic sea change" where economic power is shifting from longtime coastal stronghold states still reeling from the housing bust and moving towards interior states with lower tax burdens, according to banking analyst Meredith Whitney .
She discussed the government’s case against the ratings agency, her municipal bond call and her thoughts on new Citigroup CEO Michael Corbat.
Star analyst, who misfired on muni bust prediction, says sector poised for double-digit returns through 2013.
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Combined flows for actively and passively managed stock funds are on pace to put 2013 in record territory.
Poor investment performance and rising interest rates have exposed weaknesses in several asset managers.
Municipal bonds are the whipping boys again.
More than any time since the Depression the municipal market has become a credit market.