Meredith Whitney, CEO of Meredith Whitney Advisory Group, returns to The Julia La Roche Show to discuss her outlook on a bifurcated economy where 52% of households are entering their second recession since COVID stimulus ended, while high-end consumers continue driving economic growth.
Sponsors:
Monetary Metals: https://monetary-metals.com/julia
Kalshi: https://kalshi.com/julia
Links:
https://meredithwhitneyllc.com/
Timestamps:
0:00 Intro
0:54 Macro outlook and consumer segmentation
2:37 Recession expectations for Main Street
4:19 Market distortions and wealth effects
4:51 Dollar stores as economic indicator
6:17 Dollar store vs Walmart consumer dynamics
7:57 Trading down narrative discussion
8:26 Segmented recession clarification
8:54 Housing market outlook
9:23 Worst housing market in decades
11:12 Senior demographics and aging in place
12:32 First-time homebuyer challenges
14:25 Housing bubble discussion
15:29 Avocado toast generation (24-38 age group)
17:09 Experiential spending and lifestyle patterns
19:53 Nation's fiscal picture and debt concerns
22:44 Interest rates and Treasury market risks
24:31 Fed's impossible situation with stagflation
25:42 Rate cut predictions
27:04 Underappreciated risks and Treasury concerns
28:30 Home equity as "get out of jail free card"
30:15 Where to find Meredith's work and closing thoughts
