Fate of the States: The New Geography of American Prosperity

by Meredith Whitney

Overview

"Forget everything you think you know about the direction of the American economy, about our grow­ing need for foreign oil, about the rise of the service economy and the decline of American manufacturing. The story of the next thirty years will not be a repeat of the last thirty." One of the most respected voices on Wall Street, Meredith Whitney shot to global prominence in 2007 when her warnings of a looming crisis in the financial sector proved all too prescient. Now, in her first book, she expands upon her biggest call since the financial crisis.

Product Details

ISBN-13:	9781101601495
Publisher:	Penguin Publishing Group
Publication date:	06/04/2013
Sold by:	Penguin Group
Format:	eBook
Pages:	272
File size:	2 MB
Age Range:	18 Years

About the Author

MEREDITH WHITNEY is the CEO of the invest­ment firm Meredith Whitney Advisory Group, LLC. Before founding her company in 2009, she was a managing director and a senior analyst for Oppenheimer & Co., where she attracted national attention for her predictions about housing prices, the mortgage industry, and the coming financial crisis. She was on Fortune’s list of the fifty most powerful women in business for four consecutive years, from 2008–2011, and was named in 2009 to Time’s list of the one hundred most influential people in the world. She and her husband live in New York City and Bermuda.

Table of Contents

Introduction 1

Part I The Fall

Chapter 1 It Starts at Home 17

Chapter 2 Housing Revisited 31

Chapter 3 States Gone Wild 53

Chapter 4 Pensions: The Debt Bomb Nobody's Talking About 89

Chapter 5 The Negative Feedback Loop from Hell 107

Chapter 6 The New American Poverty 135

Part II Rise Chapter 7

Chapter 7 New Map of Prosperity 155

Chapter 8 State Arbitrage 163

Chapter 9 David Takes On Goliath: New Political Precedents 183

Chapter 10 The Way Forward 195

Acknowledgments 207

Notes 209

Index 251