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A 50-year investment in america's future come for the fure high tech devolopment of human being

14 views · Published 14 November 2014 · 1:06 · Indexed 6 October 2026

Channel: Fluss He · 2014 · Science & Technology

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In 2007, a woman named Meredith Whitney issued a report that ended up predicting the future of U.S. markets for years to come.

As someone who worked in equity research, it was Whitney’s job to closely study the financial industry in order to inform clients of the latest trends. “You’d be surprised how many people on Wall Street don’t know how to read company financial reports or interpret the underlying data,” Whitney writes in her new book, “Fate of the States: The New Geography of American Prosperity.” “But delving into the numbers was always my favorite part of the job.”

In fact, it was Whitney’s careful analysis of some disconcerting numbers that forced her to release the now legendary report about Citigroup C +0.04% on Oct. 31, 2007.

“The report raised concerns about mortgage losses at Citigroup, and warned that the megabank might be forced to cut its dividend,” Whitney details in her book. (In other words, the bank would pay less than usual to its shareholders.) “When the stock market reopened the next morning, Citigroup’s stock plummeted, losing $17 billion in market value in one day. And the S&P 500 dropped $374 billion.”

Impressed with her foresight, we decided to take a look at Whitney’s new book to see what other astute predictions she has made for the economic future of our country, including where the best jobs will be (hint: it’s not where you’d expect) and which industries will be raking in the most cash.
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