Economic Insights – February 2011

As Business Briefings subscribers know, we’ve often made derisive comments about the “panic du jour” crowd, some of whom earned a new measure of respect when they happened to correctly predict the 2008 financial crisis and its immediate fallout.  So, how have these “prophets of doom” been doing since the bust?  Not too well!

Consider Meredith Whitney, the once-obscure banking analyst who warned of the impending financial crisis, while most experts remained complacent.  According to Bloomberg, over the past two years, she .....