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Our fourth straight day joining me now with her outlook and what's moving the market and what's going on in this.
-- -- means the vortex of these markets Meredith Whitney advisory group CEO faith in the states offer Meredith Whitney.
Aren't good to have you.
-- and let let's start four straight days of gains we've got our bank stocks are rising it looks to me like the whole world's eye candy rock.
-- -- -- -- -- YE US on around the base of the basis looks great and the fundamentals are improving.
And the US economy looks better than pretty much -- -- house and the world and so we've got this an environment where.
You have real growth and it's it's -- bounce in the US economy's rebound saying.
And -- an inflation hedge because part of the US economy is in inflation part of it is indeed inflation mode so it's a really safe place to put your money.
Money's coming out of the bond market going into equities but there's also sound reason to believe that the market -- cheap so I think it's.
-- everybody wants to you how the market had a big pullback and it's just not doing it I must say it won't but it sat at it every fisherman who want to get and when it does a lot.
You're absolutely right this market is.
Frustrating a lot of this little -- so -- -- gurus.
-- couple things that are developing today one of riches.
Put it that way that.
Perhaps there be -- rollback and part of the tax exemption for some of municipal bonds your reaction.
Oh that's been on the table for it for awhile and -- day at I don't know where it stay -- wet -- -- -- or not but.
It's been on the table for a while we'll see how how it turns out.
And Basel III is not strong enough in its equity capital requirements.
We have some regulators have -- it just -- all the way up to 6% -- done with it -- thoughts on its impact on -- on banking in the country.
Well and this is just one more move that will make big banks smaller and -- that one missing ingredient is that it.
The regulators and not allowing that the small banks to get bigger right Sears having all but a big.
Your beat -- not all -- financial institutions.
Fine -- the big banks have to get smile that's five -- you have to have something to break.
He the medium ground.
And so it Porsche for certain the big banks are gonna continue to sell assets.
And that we get there and they're gonna have to give because of profitability just isn't there some banks have not gained any type.
Multiple valuations they used -- -- -- that they well.
What about the region's.
-- it depends on that the threshold level if you are above fifty billion Assad's here and still on the penalty box and if you took TARP capital.
You're absolutely in the penalty box said there's a sweet stuff spot.
Banks that are below fifty billion that are really moving it -- the right areas into -- really well.
But the bad the banks that we all know that we're familiar with our corner corner banks are big national banks are not continue have a big problem -- the cutting expenses such as.
And and I -- -- -- reference at least the Wall Street Journal.
Which I think quite I couldn't quite figure out talking about the size or your firm is.
You downsize your firm that some clients -- you have moved away from you but -- do you retain what about half of them.
Give us an initial response of that story what.
They -- how much of the stories that the picture is bigger than the cons and pentagon -- I -- a private firm privately and so there's no way that I didn't talk to the journalist so.
They're factual bacteria is at an actress is littered through the peace and at least you spelled my name right that's -- that I can say -- it's it's.
I I didn't get it I didn't get the point of it.
And we always got a point there when you join us here we appreciate you learn -- -- thank you -- -- I can't.
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