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IPFS News Link • Economy - Economics USA

Chart of the Day: Meredith Whitney's Perpetual Cycle Of Weakness

Why is Meredith Whitney so bearish on things? Maybe because she sees the economy looking basically like this: A perpetual cycle of weakness. You know how it works: job destruction ==> foreclosures ==> lower real estate values ==> lower tax revenue == > state budget gaps == > etc. The chart is from her big report on muni finances.