Her prediction of a massacre in the muni space has yet to come to fruition, but that hasn’t stopped Meredith Whitney from making predictions, albeit somewhat less bold.
Now, The Wall Street Journal is reporting that Whitney is bullish on agriculture, and particularly in states with a strong farming base.
“At the ‘Delivering Alpha’ conference on Wednesday in New York, Whitney said agriculturally rich states could be growth engines as they attract jobs and as they boast cleaner balance sheets than states such as California and Florida,” the paper reports.
“Housing is not coming back,” she said as part of “The End of America?” panel discussion. “Let’s power the drivers that are highlights of the U.S. economy and focus on that.”
According to the Journal, the panel included BlackRock CEO Larry Fink; Jim Leech, the president and CEO of the Ontario Teachers’ Pension Plan; Pierre Lagrange, co-founder and partner of GLG Partners; and Whitney, CEO of Meredith Whitney Advisor Group.