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Whitney: Home prices could fall 25% more
Friday, September 11, 2009
Meredith Whitney was on CNBC yesterday and, aside from recommending shares of Goldman Sachs, she didn't have much positive to say about the economy or financial markets.
Here's the gloomiest part of the interview: "No bank underwrote a loan with 10 percent unemployment on the horizon. I think there is no doubt that home prices will go down dramatically from here, it's just a question of when."
9 comments:
Nice video. This lady is right on.
I didn't catch that quote in the video. How far in was it?
You know, I listened to the whole thing and missed it two. Here's the story at CNBC that led to the title of this post.
So where is the 25%?
This kind of stuff is so detrimental and bogus...get over yourself...if this is the only way people can be sure to find their "quotes" in print, shame on them...we are not out of the water yet, we have stabilized, cut this garbage out including the scare tactics...
Uh... go post your comment on the CNBC website somewhere if that will make you feel better. If you bothered to click the link I provided above, you wouldn't be blaming me.
I'm sure that there was either a technical problem with the clip or maybe I just picked up part 1 of 2 or something (I've had real problems embedding CNBC stuff lately so I was just happy to have it play).
Yes, she said 25%. It was a headline yesterday on most financial websites (including the exact quote), and I saw it live on CNBC.
Whitney knows her stuff. You can take her predictions to the bank (no pun intended).
Home prices going down another 25% is really good news for home buyers. I hope they go down another 50%.
Whitney has made a habit of being right more often than wrong, which is unusual for financial pundits.
All U N2K:
"The fundamentals have NOT improved" (c. 2:30)
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