Famed analyst Meredith Whitney has ended a self-imposed exile from a finance world that she said had become “like watching paint dry.” In an appearance Tuesday morning on CNBC, Whitney said she is back writing market and economic commentary and focused on a real estate market that she said has the potential to hold strong for at least several more years. “Why I say there’s no risk for an immediate downturn is because there’s no forced selling,” Whitney told CNBC’s Sara Eisen during a ” Squawk on the Street ” interview. “People are sitting on big piggy banks and they’re not sweating it.” The amount of equity homeowners have built up in recent years has taken loan-to-value ratios to their highest levels in 30 years, Whitney added. That differentiates the environment today from the financial crisis era, when homeowners were much more highly leveraged and some were forced to sell their homes at discounts. “Those who have benefited from over $20 trillion in equity created in their homes in the last 10 years, I mean, that’s a staggering amount,” she said. Whitney is best known as one of the most prominent figures from the great financial crisis, which exploded in 2008 when investment banking giant Lehman Brothers collapsed. On Halloween in 2007, Whitney, working then as an Oppenheimer analyst, released r …
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[mwai_chat context=”Let’s have a discussion about this article:nnFamed analyst Meredith Whitney has ended a self-imposed exile from a finance world that she said had become “like watching paint dry.” In an appearance Tuesday morning on CNBC, Whitney said she is back writing market and economic commentary and focused on a real estate market that she said has the potential to hold strong for at least several more years. “Why I say there’s no risk for an immediate downturn is because there’s no forced selling,” Whitney told CNBC’s Sara Eisen during a ” Squawk on the Street ” interview. “People are sitting on big piggy banks and they’re not sweating it.” The amount of equity homeowners have built up in recent years has taken loan-to-value ratios to their highest levels in 30 years, Whitney added. That differentiates the environment today from the financial crisis era, when homeowners were much more highly leveraged and some were forced to sell their homes at discounts. “Those who have benefited from over $20 trillion in equity created in their homes in the last 10 years, I mean, that’s a staggering amount,” she said. Whitney is best known as one of the most prominent figures from the great financial crisis, which exploded in 2008 when investment banking giant Lehman Brothers collapsed. On Halloween in 2007, Whitney, working then as an Oppenheimer analyst, released r …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
