Comments on: Whitney’s new gloomy doomy

By: tlk

tlk — Sun, 22 May 2011 19:16:35 +0000

Meredith Whitney’s only use, by the business media, is to create headlines. She has been wrong far too often to be taken seriously. The media created this darling by stating that she was the first to define Citi as a dividend cut. She was not !! She was the first on TV to say so, but definitely not the first, by any means , to raise the cry. What about her prediction of 13% non farm unemployment rate ? As long as she can provide doom and gloom headlines, the media will continue to inundate us with her dire forecasts..

By: breezinthru

breezinthru — Sun, 22 May 2011 19:07:10 +0000

All Meredith Whitney needs to do in order to compete with Moody’s and the other raters is to be more accurate, more often.

Moody’s and other rating agencies have either failed miserably since Y2K or they have been complicit in corporate criminal behavior.

The credibility bar has been set pretty low.

By: RexMax46

RexMax46 — Sun, 22 May 2011 17:18:47 +0000

“What makes financial markets fun and interesting is the variety of opinions and the back and forth of market participants.”

And that’s the problem. The last thing anyone wants their pension to be is ‘fun and interesting’. Whitney is just one more player in the ‘game’ of financial prophesying.

By: XRayD

XRayD — Sun, 22 May 2011 15:23:25 +0000

Unfortunately, anyone who thinks rationally about the financial problems and relies on proper accounting is bound to be wrong because financial decisions rely on politics where everything has an easy answer and a quick solution – pretend the Fed and Treasury can create as much money as is needed, and keep kicking the can down the road so we can always enjoy the proverbial “free lunch”.

The last thing we need is more financial innovation!

By: Wassup

Wassup — Sun, 22 May 2011 14:11:55 +0000

Talk is cheap! This country needs more inovation and fiscal leadership and much less verbage from people like Whitney.

By: RufusDaddy

RufusDaddy — Sun, 22 May 2011 14:04:28 +0000

This is nothing more than a poor attempt for her to drum up clients for her business. 6 months ago she predicted disaster and it never happened. She wants to be the female Dr. Doom. Maybe her and Rubini can grab a bottle of $10,000 wine and go off to the Hamptons and make some really scary babies so we can have little mini-dooms for the next generation.