meredith whitney

6 Key Money Lessons of 2011: What We've Learned

At this time last year, maybe you thought the economy would be a bit more gracious by now. No such luck. But as we reflect on the year that was, here are six financial lessons that 2011 taught us all.

Voila! Bankrupt Cities Are Solvent Again! (Or Not)

Last month, Harrisburg, Pa., tried to throw in the financial towel and declare Chapter 9, but a judge threw out the bankruptcy petition. That doesn't mean the city is magically healthy again, though, and it's not the only municipality in similar straits. Here's why it matters to the rest of the country.

Get Ready for Great Recession, Part 2

The capital of Pennsylvania just fell into bankruptcy. What? You didn't hear? Neither did the financial markets -- yet. The day after Harrisburg bit the bullet, the Dow barely trembled, while the Nasdaq actually rose slightly. But two of our smartest investors seem to think this is a very big deal indeed.

One Safe Way to Invest Now in Municipal Bonds

After respected banking analyst Meredith Whitney rattled the municipal bond market with her prediction of hundreds of billions of dollars in muni defaults, small investors dumped the bonds. That dire prediction may yet come true, but there are a few types of munis that still carry virtually no risk.

They Called the Meltdown but Haven't Scored Well Since

There's no shortage of pundits who shot to fame on the back of a bold, contrarian call only to come up empty afterwards. Meredith Whitney and Nouriel Roubini are just two pundits who called the meltdown while most others were oblivious. Too bad they've fared less well lately.

Meredith Whitney Warns of 5,000 Bank Branch Closures

The financial analyst who rose to fame for her bearish calls on banks ahead of the financial crisis, sees more bad news ahead, predicting that banks will close 5% of their branch offices over the next year and a half.

How the Media and Wall Street Create Fake Stock Gurus

The financial media loves to pluck struggling analysts from obscurity and propel them to fame on the backs of a few good calls, then shoot them full of arrows at them when their predictions start to fail. And inevitably, those so-called gurus will fail. Here's why.