Meredith Ann Whitney (born November 20, 1969)[1] is an American businesswoman and financial analyst. She is known for successfully forecasting the financial crisis of 2007–2008,[2] and was dubbed “The Oracle of Wall Street” by Bloomberg. (wikipedia)
There are great municipal investments out there, but on a blanket basis you have to be really careful about knowing what cash flows are supporting your investments.
You can make great money in a utility type of business by borrowing cheaply and lending sensibly but that's not what's being done.
You have to know what you own. You have to really do your homework in terms of knowing what supports your bonds.
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.
At a certain point, you can't tax people beyond a certain level.
People knew that Murdoch's media estate in the UK was too powerful and it was doing very unpleasant things.
People dont pay attention until they have to
You're either making money or you're not. If you're not making money get out of the business.
Municipal debt outstanding doubled in the past 10 years. And in the past 30 years, the U.S. has been in real economic nirvana.
Every day things get better because politicians are addressing the fiscal challenges more aggressively.
