MEREDITH WHITNEY
(Meredith Ann Whitney)
The same is true of nations, cities, states and counties. As a result, we often see politicians spinning if not lying about the economic situation of a political entity. If perceived as insolvent, they can rapidly become insolvent. This is also who come counties are so sensitive to the activities of international currency traders. If a large trader or two starts to sell that nations currency, others also sell in fear that there may be a reason for the other selling and a spiral starts. The country if it does not handle this crises well will be perceived as insolvent which then makes the situation worse.
Meredith Ann Whitney is an American businesswoman hailed as “The Oracle of Wall Street” by Bloomberg. She is known for successfully forecasting the difficulties of Citigroup and other major banks during the financial crisis of 2007–2008.
