#155 Meredith Whitney On The 'Bifurcated' Economy And Consumer, Why It Will 'Pay To Be Patient' For Young Homebuyers, And The Coming 'Silver Tsunami'

The Julia La Roche Show

Meredith Whitney, CEO of Meredith Whitney Advisory Group, discusses the state of the US economy and the consumer.

Last year, she did not expect a recession because of the strong consumer. Today, she describes the economy as “bifurcated” because higher-earning households are driving consumer spending.

Whitney also explores the housing market and predicts a supply glut that will lead to a decline in home prices, making it more affordable for younger generations. She delves into the demographic changes and challenges posed by an aging population, particularly in terms of long-term care and housing.

Whitney also addresses the fiscal position of states and the nation, emphasizing the need for a balanced budget and the potential risks of relying on foreign buyers for debt.

Links:

https://meredithwhitneyllc.com/

Timestamps:

0:00 Introduction

01:05 Macro view, bifurcated consumer

04:19 Sentiment

05:58 Housing market and homeownership

09:21 Timeline for home prices

10:38 Demographic changes and solutions

12:31 Demographic trends and aging Americans

20:31 National debt and foreign buyers

22:46 Possibility of a balanced budget

23:44 Fear and impact of research calls

32:11 Meredith Whitney Advisory Group