Whitney 'Wildly Bullish' on Certain U.S. Markets

Many states, especially California and Illinois, have had severe pension underfunding problems for many years. However, new actuarial pension rules will finally force states to admit the problem. Thus, it should not be surprising that talk of "technical bankruptcy" and “service insolvency” is growing.

Provided by Business Insider: Meredith Whitney was on CNBC's Closing Bell Wednesday. Jeff Cox at CNBC.com spotlights one area where she's wildly bullish. She likes the agriculture and commodity states that are 'right-to-work' where businesses are creating jobs: "I am wildly bullish on the U.S. in particular markets...I think the U.S. market looks terrific (though) [...]

Prieur du Plessis submits: Meredith Whitney rose to prominence as a financial analyst by predicting the problems at Citigroup. Ms Whitney has since started her own firm, Meredith Whitney Advisory Group, and is now predicting dramatic declines in US home prices, large layoffs at U.S.

Meredith Whitney, founder and chief executive officer of Meredith Whitney Advisory Group, talks about the outlook for Wall Street compensation and job cuts today on Bloomberg. Whitney predicts 80,000 layoffs for Wall St.