Meredith Whitney Getting Bullish on the US, Likes 'Emerging Industries' Within US
Speaking at the CNBC-sponsored "Delivering Alpha" conference in New York City Wednesday morning, noted bear and (former) Wall Street "cover girl" Meredith Whitney admitted she is getting more bullish on the US.
Whitney said she sees opportunities to invest in the US's emerging industries, and sees this area of the economy growing 20 percent. Housing will not be a driver of the US economy moving forward and believes banks are still too levered to this sector, she argued.
Whitney believes growth around the world will be worse than expected but said assets will likely become cheaper. Other than the US, the analyst sees investment opportunities in Mexico and Brazil -- not just in Asian markets. She called banks in Turkey, Brazil and Mexico attractive.
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Whitney said she sees opportunities to invest in the US's emerging industries, and sees this area of the economy growing 20 percent. Housing will not be a driver of the US economy moving forward and believes banks are still too levered to this sector, she argued.
Whitney believes growth around the world will be worse than expected but said assets will likely become cheaper. Other than the US, the analyst sees investment opportunities in Mexico and Brazil -- not just in Asian markets. She called banks in Turkey, Brazil and Mexico attractive.
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