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Posted on 04/26/2012 8:02:30 AM PDT by Hojczyk
Jeff Cox at CNBC.com spotlights one area where she's wildly bullish. She likes the agriculture and commodity states that are 'right-to-work' where businesses are creating jobs:
"I am wildly bullish on the U.S. in particular markets...I think the U.S. market looks terrific (though) as a collective the U.S. market is not going to grow all together," she said during a "Closing Bell" interview.
"There's opportunity from Texas all the way up to North Dakota, and you can play every industry on that basis," she added. "It's the agriculture-commodity belt — also the Right to Work states. That's where businesses are moving because it's easier to operate and create jobs. So you see a massive demographic shift to those areas."
But there are three stats in particular she doesn't like: California (which is the worst) followed closely by Illinois and New Jersey. In Illinois, in particular, she cited something new about parents being forced to pay for school busses because finances have gotten so bad.
Some other points she made:
Europe is stil in a lot of trouble. And beyond Spain, you have to watch France.
The panic in Europe will keep US rates low, and that makes the Fed's job easier since rates will stay low.
On Citi, there are no big risks out there any more.
She's 'absolutely' still worried about state finances. In fact there's more evidence supporting the thesis that the states are in trouble.
Some great financials she likes: American Express and JPMorgan (which is really trip).
(Excerpt) Read more at finance.yahoo.com ...
Gee Whiz, I wouldn’t have guessed that California, under the repeat leadership of Gov Moonbeam, Illinois, under the leadership of Dear Leader wannabes, and NJ, formerly under the control of whathisface who can’t remember what he did with 2 or 3 Billion dollars, are in financial trouble.
Meredith Whitney has been “Chicken Little”-ing for a long time now. I don’t think anything she’s predicted has come to pass anywhere near as bad as she’s predicted.
Yeah, there are things worth being concerned about - but it’s probably not all gloom, doom, and disaster as Meredith Whitney predicts.
Let them destroy themselves and then we can turn them into poster chi’ren for getting rid of collectivism.
California -- [shrug]
Illinois -- [shrug]
New Jersey -- Well! No surprise! That's what you get for putting a Republican like Chris Christie in charge!!!
The parents have to pay for the school bus because the SOCIALIST DEMOCRAT UNIONS are so mismanaged, bloated with high salaries, vacation pay, pension and health care costs they can’t afford BUSES and BOOKS. Gee, sounds just like a communist run government. Education has turned into a retirement mecca for socialist democrats instead of a teaching institute for the kids.
I think it will be worse. I predicted, in 2007, that Seattle real estate could fall as much as 20%. I was rabidly accused of being a doom and gloomer. And even I thought I was going out on a limb predicting such a huge, unprecedented drop.
But it dropped over 30% and it is not “doom and gloom”. Rather, it is just the new normal.
What is happening will not really sink in to people until the sudden culmination of all of it. I think this guy may be spot on about the event, as opposed to when it will happen:
http://www.grandpappy.info/honehour.htm
There is no human way out of this. It is literally too late. We are like a man clutching at air after falling off a cliff, occasionally grasping a clump of grass in the cliff face on his way down. There will be no recovery until we hit bottom.
And what we will be recovering from will be WWIII.
California will go for “The Divine One.” We are totally under the control of the left.
working link:
California, Illinois and New Jersey
I like your thinking...only trouble is that the lefties immediately blame captialism for their failed policies, and the uneducated Obamabot voting bloc (idiots like my mom, brother) fall for it every time.
Beg your pardon.
New Jersey is now under the control of a new, Republican Governor, Chris Christie, who has taken the WEIGHT off tax payers by PONDERING state fiscal issues and making the state a lot more fiscally responsible - sort of.
But then he is a RINO and a Rino - and as a pro-Muslim Rino, he’s probably the best we can hope for in New Joisey.
Beg your pardon.
New Jersey is now under the control of a new, Republican Governor, Chris Christie, who has taken the WEIGHT off tax payers by PONDERING state fiscal issues and making the state a lot more fiscally responsible - sort of.
But then he is a RINO and a Rino - and as a pro-Muslim Rino, he’s probably the best we can hope for in New Joisey.
The administrators drive BMW's and Porche’s.
If we fall off a cliff, my family has discussed this...I live about 100 miles from my kids who live in the big city.... my place, environment, etc., fits grandpappy’s criteria to a T. I have a small lake full of fish, a natural well with good water (I use city water now), horses and chickens.
We have talked about this possible scenario, and should it reach such a situation (the melt down as grandpappy describes), my kids would all make their way out here. We could probably survive fairly well.
She didn’t mention that China is preparing to purchase oil with Gold, not dollars. No matter I guess.
I mean no offense.
But isn’t it likely that the scum from “the big city” will cover 100 miles by noon of the first day?
They have to loot the city first....that should take a while. And once my kids are out here at my place....we have a number of hunting rifles.
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