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

CD24: miami special with @wiz, @evankaloudis, @_benkaufman, @cycryptr, @petermccormack, and @tikawamoto