Meredith Whitney Sees Double Dip in Housing Coming

By on May 2, 2010

Meredith Whitney was on CNBC last week commenting on the Goldman Sachs situation; along with her views on bank capitalization and housing. Whitney was one of the few analysts who saw the problems developing in 2007, but she didn’t adjust her view enough last year when the government threw massive stimulus at the problem.

Whitney continues to see a very high “shadow inventory” of houses which she believes will lead to a double dip in prices further revealing the mis-marking of bank assets. She said the recovery in regional bank stock prices over the past year makes, “zero sense.” She also sees consumer credit continuing to contract.

One Comment

  1. Anonymous

    May 13, 2010 at 2:48 am

    I was right in 07!

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