Chronicles Of Depression 2.0: #185

Meredith Whitney: House Prices To Fall 40%, Bank of America (BAC), et al, Screwed

Meredith Whitney was on CNBC again this morning, predicting more doom for the housing market and the battered banks that are depending on its recovery. Whitney is now calling for a 40% peak-to-trough decline in house prices[.]

Emphasis added by me.

If that figure seems incredible, look back to Alan Greenspan’s opinion: Chronicles Of Depression 2.0: #181.

Meredith Whitney is a very interesting person. I’d forgotten about her. As it turns out, she’s been quoted in this blog three times!

Supplemental:

The Rise and Rise of Analyst Meredith Whitney: Michael Lewis

Previously here: (Meredith Whitney)

Chronicles Of Depression 2.0: #020
Depression 2.0: Is It Real Now?
What, You Thought It Was Over?

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Explore posts in the same categories: C.O.A.T. - Scams, C.O.A.T. - Self-Defense, Depression 2.0

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