Meredith Whitney, the CEO of Meredith Whitney Advisory Group, joins Bloomberg Open Interest to talk about why inflation is biting harder than official data shows, especially in insurance and services. She says jobs are weak in leisure but rising in home health care. Housing is stuck as seniors stay put, dragging on spending. Over half of households live paycheck to paycheck, and younger borrowers face heavy student debt with defaults climbing. She also weighs in on munis and lists the states what will be the biggest growth drivers. (Source: Bloomberg)
