Whitney doesn’t have specific numbers backing up her now- famous prediction, she said in a Jan. 30 interview. “Quantifying is a guesstimate at this point,” she said. “I was giving an approximation of a magnitude that will bear out to be correct.” A copy of the 43-page report doesn’t mention sizable defaults amounting to hundreds of billions of dollars. A person who has seen a long addendum that profiles the 15 top states said that the longer portion doesn’t, either. “We are not calling for any specific defaults within the scope of this report,” the document says on page 42. An opening summary says there will “invariably” be local defaults, without elaborating. “A lot of this is, You know it, but can you prove it?” Whitney said over a breakfast of scrambled egg whites with a chicken-apple sausage, a side of salsa and peppermint tea at the Four Seasons Hotel in Midtown Manhattan. “There are fifth-derivative dimensions that I don’t think I need to spell out to my clients,” she said. [Bloomberg]
— Advertisement —
Comments (72)
Leave a comment
You can log in with your account or comment as a guest below.
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Why is there a smiley face at the bottom of the Dealbreaker page?
Why is there a smiley face at the bottom of the Dealbreaker page?
Why is there a smiley face at the bottom of the Dealbreaker page?
Why is there a smiley face at the bottom of the Dealbreaker page?
Why is there a smiley face at the bottom of the Dealbreaker page?
Why is there a smiley face at the bottom of the Dealbreaker page?
because you touch yourself.
because you touch yourself.
5th derivative dimensions FTW
5th derivative dimensions FTW
great, now I’m starving.
great, now I’m starving.
great, now I’m starving.
that breakfast sounds pretty gross.
that breakfast sounds pretty gross.
that breakfast sounds pretty gross.
that breakfast sounds pretty gross.
Wasn’t she originally claiming to have a 200 page report on all fifty states?
Wasn’t she originally claiming to have a 200 page report on all fifty states?
Wasn’t she originally claiming to have a 200 page report on all fifty states?
Wasn’t she originally claiming to have a 200 page report on all fifty states?
Wasn’t she originally claiming to have a 200 page report on all fifty states?
“You know it but can’t prove it” — sounds like the astrology page of the Village Voice.
“You know it but can’t prove it” — sounds like the astrology page of the Village Voice.
Those weren’t egg whites…
Those weren’t egg whites…
So if you pull out estimates out of your ass, wouldn’t the number of entities ‘expected’ to default depend on the size of your ass ?
So if you pull out estimates out of your ass, wouldn’t the number of entities ‘expected’ to default depend on the size of your ass ?
So if you pull out estimates out of your ass, wouldn’t the number of entities ‘expected’ to default depend on the size of your ass ?
There cannot be a God because if there were one, I could not believe that I was not She.
-Meredith Nietzsche
There cannot be a God because if there were one, I could not believe that I was not She.
-Meredith Nietzsche
Well my friend Sweet Meredith took me to the Four Seasons, right, and they don’t speak English there, so she got into a fight and she’s all, “Hey quit hasslin’ me cuz’ I don’t speak French” or whatever! And then the guy said something in Paris talk, and I’m like, “Just back off!” And they’re all, “Get out!” And we’re like, “Make me!” It was cool.
Well my friend Sweet Meredith took me to the Four Seasons, right, and they don’t speak English there, so she got into a fight and she’s all, “Hey quit hasslin’ me cuz’ I don’t speak French” or whatever! And then the guy said something in Paris talk, and I’m like, “Just back off!” And they’re all, “Get out!” And we’re like, “Make me!” It was cool.
I think she may be referencing the 60′s music group here
I think she may be referencing the 60′s music group here
Cute breakfast choices……..bitch.
- A. Lebenthal
Cute breakfast choices……..bitch.
- A. Lebenthal
Hey.
That was a great movie, the ending was totally impossible to predict.
Meredith,
Thanks. We are now able to go back to the hedge funds with a definition of what does not constitute and “expert network.”
Regards,
Mary S.
“An opening summary says there will “invariably” be local defaults”
the sun will come up tomorrrow, and you can print that. boom done!
“An opening summary says there will “invariably” be local defaults”
the sun will come up tomorrrow, and you can print that. boom done!
“An opening summary says there will “invariably” be local defaults”
the sun will come up tomorrrow, and you can print that. boom done!
Footnote on page 200: There may or may not be actual defaults but for the purposes of my short trade and 60 minutes pump against munis, it worked perfectly.
Footnote on page 200: There may or may not be actual defaults but for the purposes of my short trade and 60 minutes pump against munis, it worked perfectly.
Footnote on page 200: There may or may not be actual defaults but for the purposes of my short trade and 60 minutes pump against munis, it worked perfectly.
We agree dependent upon the “rho” you re using at the time.
-AIG Quant
what were they? full fat eggs?
I am not going to bend down and take a fifth dimension derivative!
-J. Dimon
genius, no?
Well that would explain the rather large numbers she was throwing around, now, wouldn’t it?
“Peppermint tea”
How cute.
2 words: Reputational Risk.
Let’s hope she regains some after that girl-on-girl event she has going with Alex L. Meredith- I recommend you propose a WWF venue. That way your better half can give you some tips on how to fall.
Please examine your motives.
i’m fine with her numbers, but I have seen her and no way she eats egg whites
Speaking of fifth dimension derivatives, I still have some CDO^5s of ’99 priced at a discount, yielding 9.5%. Unlike all these highly risky State GO bonds, counties and school districts that will be defaulting left and right, my CDOs are bullet proof. I will be applying for a Whitney rating on these bonds, and I am confident that her insightful analysis will conclude they are AAA.
Well it’s hard to say no when you ask so nicely.
Bess, can we get a photoshop of Meredith circa today with John Paulson circa 1985 so we can compare the Member’s Only jacket glam shots?
I see what you did there…
I’m with you. I dated a gynecologist and “eggwhites” has a totally different meaning in that sector.
And it would depend on whether those were numbers that you are pulling out.
i think our IT guys call that garbage in as s, garbage out as s
How do you know that? Are you a PhD?
-Jim S
My new line: “I’m a fifth dimension derivative trader…….”
Meredith Whitney is the Sarah Palin of analysts.
-not my quote, but a BSD at a major firm
Meredith Whitney is the Sarah Palin of analysts.
-not my quote, but a BSD at a major firm
Meredith Whitney is the Sarah Palin of analysts.
-not my quote, but a BSD at a major firm
At least Sarah Palin is attractive. Meredith? Not so much. She’s less a “butterface” than she is a “Not her face either”
I am pretty sure that is the executive summary, and it was given to a lot of people for free, shoddy reporting. The 600 page report is alleged to cost 100k, but it is, no doubt, a bargain at any price.
I am pretty sure that is the executive summary, and it was given to a lot of people for free, shoddy reporting. The 600 page report is alleged to cost 100k, but it is, no doubt, a bargain at any price.
There seemingly no money on the short side of munis save some closed end funds. Just a mass exodus frorm retail mutual fund money, and a manish woman trying to market an overpriced report and her firm.
I see what you did there.