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Meredith Whitney's book is about exactly this, that U.S. economic gravity is shifting "away from the coasts" for a bit. (It just came out today, so I can't say

Meredith Whitney's book is about exactly this, that U.S. economic gravity is shifting "away from the coasts" for a bit. (It just came out today, so I can't say I've read it, just that I've really been looking forward to it.) For those who aren't from the world of finance: Meredith Whitney was one of the first people on wall street to predict the mortgage crisis. The book: (not an affiliate link) http://www.amazon.com/Fate-States-Geography-American-Prosperity/dp/159184570X http://www.amazon.com/Fate-States-Geography-American-Prosper...

RockyMcNuts 13y ago
Gotta call BS on her...she was one of the first BANK analysts [1] to say on CNBC that banks were effed... when it was pretty obvious to anyone not in a bank or not on cheerleading CNBC. Then she said munis were effed... went on 60 Minutes and scared a lot of people into losing a lot of money since there have been few defaults, bonds have performed well, and taxes have gone up. A genius is someone who makes the right call in the right media at the right time. http://www.bloomberg.com/news/2013-06-03/meredith-whitney-offers-barrage-of-numbers-errors-books.html http://www.bloomberg.com/news/2013-06-03/meredith-whitney-of... http://blogs.reuters.com/muniland/2013/06/04/meredith-whitneys-great-migration/ http://blogs.reuters.com/muniland/2013/06/04/meredith-whitne... [1] and not even the first - Ivy Zelman made a great case and got herself fired from Credit Suisse in 2007 http://www.calculatedriskblog.com/2007/06/ivy-zelman-departs-credit-suisse.html http://www.calculatedriskblog.com/2007/06/ivy-zelman-departs...