Meredith Whitney on 60 Minutes: Expect 50+ muni bond defaults in 2011

China owns $1.2 trillion in US Treasury bonds

When Fed Chair Powell laid out a strategy to cut short-term interest rates, but did not say “when” or “how much”, the financial markets helped him fill in the blanks to both questions.

As we look back at our best and worst calls of 2022, it’s clear that we got more correct than not. However, I wish we were more emphatic about some of them.