Meredith Whitney, CEO of Meredith Whitney Advisory Group, shares her projections for the US economy and banks, including a troubling forecast of 6% unemployment by 2025. George Bory, Chief Investment Strategist at Allspring, discusses the rising Treasuries following a US credit downgrade, while Dean Curnutt from Macro Risk Advisors analyzes imminent bond market challenges. Jamie Patton of TCW provides insights on market trends and the potential for rate cuts in 2025, as the landscape shifts amid growing economic concerns.
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Meredith Whitney Returns Enthusiastically
Meredith Whitney returned to financial analysis because she missed the opportunities and the vacuum in banking research.
She finds this work exciting and feels happier than she has in a long time.
insights INSIGHT
Immigration Impacts Wage Inflation
Immigration crackdowns are reducing labor availability, especially among Latinos and undocumented workers.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMay 19th, 2025 Featuring: 1) Meredith Whitney, CEO at Meredith Whitney Advisory Group, joins for an extended discussion the economic outlook for the US and health of US banks and companies, as well as her call for 6% unemployment in 2025. US bonds, stocks, and the dollar retreated in the premarket Monday after Moody's Ratings stripped the government of its top credit rating, reinforcing concerns about the status of American assets. 2) George Bory, Chief Investment Strategist, Fixed Income at Allspring Global Investments, joins to discuss the rise in Treasuries amid the US credit downgrade from Moody's. The downgrade risks reinforcing Wall Street's growing worries over the US sovereign bond market as a ballooning budget deficit shows little sign of narrowing. 3) Dean Curnutt, CEO at Macro Risk Advisors, talks about signals from the VIX and bond market about US economic concerns and whether the US is staring down a bond crisis. The early Monday selloff in long-end US bonds is picking up on those deficit concerns following Friday’s downgrade by Moody’s. 4) Tina Fordham, founder at Fordham Global Foresight, previews President Trump's call with Russian President Vladimir Putin, and talks about the geo-economic implications of President Trump's term, as well as the latest on the US tax bill. Putin is unlikely to offer meaningful concessions to Trump, and is instead trying to maneuver to continue negotiations alongside a military offensive, while Ukraine and European leaders push for a full and immediate ceasefire. 5) Jamie Patton, co-head of Global Rates at TCW, brings us into the market open and talks about the bar for rate cuts in 2025 as Treasuries pop. Yields climbed last week as well as traders reduced expectations of multiple Federal Reserve interest-rate cuts by year-end.
Bloomberg Surveillance 