July 14, 2009
– Comments (6)
It appears that there are now three videos form CNBC yesterday interviewing Merideth Whitney.
Below is the first interview with Merideth Whitney made with Becky Quick one on one....it apprears CNBC replaced the code with a new code. This was the video that was orginally linked in my second video in the previous blog. We will now call this Video #1 as it was the first inteview made in the morning. Video #2 is the second in time when she appeared on the panel discussion with the hosts and the middle video in my previous blog. And video #3 is a continuation of the panel discussion.
Notice how Ms. Whitney's bullish demeanor sequentially DEMINISHES the morning progresses.
Video #1 (Ms. Whitney's first in the morning) with Becky Quick alone:
Ms. Whitney's comments a few months earlier:
Notice how Ms. Whitney's presentations in Video #1 and Video #2 seems like she is talking off of bullet points supporting her new found bullish perspective versus her last video, #3, (the last in the previous blog) she seems to be reverting back to her old self despite some prodding from the CNBC anchors.
The longer one talks, the harder it is to maintain a lie........................it is why experienced attorney's like to take questionable witnesses off the stand as quickly as possible so as to limit opposing counsel's scope of cross examination.
Pretty amazing, don't you think???????
Seems like we are on the same issue again today. I wonder if anyone sees what is in fact going on here.
The funniest line in video #1 comes at 2:45 when Becky says that the only place the banks won't do well is with "anything that involves the consumer."....HHAHHAHAAAa
I wonder how much longer a consumer based economy can survive on trading pieces of paper between banks, brokerages, hedge funds and other paper trading entities.
I wonder if anyone sees what is in fact going on here.
I'm convinced that a lot of people recognize precisely what is going on. But, the majority of them do not want to admit it, as they are deep in denial.
Her written statements were more, let's call them, measured:
Meredith Whitney, Meredith Whitney Advisory Group
Our more bullish outlook on Goldman Sachs shares is deeply rooted in our sustained bearish stance on the U.S. economy and the state of U.S. financials at large. Specifically, we expect a tsunami of debt issuance from federal/sovereign, state, and local governments to fund woefully underfunded budget gaps. In addition, we expect corporate debt issuance to be at least 60% as strong as peak cycle levels, reflecting sizable debt maturity rolls. What's more, given fewer players in the market, not only is GS benefiting from market share gains on these products but more widely in the derivatives products.
To be clear, our reasons for liking GS stock today are drastically different from any we have had recommending the stock on and off over the past decade. In the past, GS shares were a great play on equity markets and expansive global gross domestic product. While that may still hold true down the line, our thesis today is that we expect GS to be the key competitor in some of the most unpredictable markets: government, corporate, and municipal debt.
I think her comments on GS are correct, and even her relative near-term bullishness on JPM as compared to BAC and C are well founded.Remember, the accounting magic that created this entire financial rally is not lost on her. I think the perceived change of message is more a recognition of the ability of the GS and JPMs of the world to essentially determine their own fate.
We are but puppets on the fingers of bankers.
Bingo Sinchy....but Ms. Whitney has now sold out to the bankers as well.
Too bad.....she is pretty attractive.
Carcass,your absolutely correct !!! Without the CONSUMER SPENDING MONEY everything else IS moot.......... Period........ Over and out........