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

The week began under pressure after the White House said 25 percent tariffs on Mexico and Canada would begin after the 30-day pause ends in early March.

It’s all about rates, the dollar, and inflation expectations. If economic data continues to surprise to the upside, rates could climb even higher.

The stock market is heavily reliant on government spending