Meredith Whitney: State Finances Are Still Doomed, And These Three States Are In The Most Trouble

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“Meredith Whitney was on CNBC’s Closing Bell today.

Jeff Cox at CNBC.com spotlights one area where she’s wildly bullish. She likes the agriculture and commodity states that are ‘right-to-work’ where businesses are creating jobs:

“I am wildly bullish on the U.S. in particular markets…I think the U.S. market looks terrific (though) as a collective the U.S. market is not going to grow all together,” she said during a “Closing Bell” interview.

“There’s opportunity from Texas all the way up to North Dakota, and you can play every industry on that basis,” she added. “It’s the agriculture-commodity belt — also the Right to Work states. That’s where businesses are moving because it’s easier to operate and create jobs. So you see a massive demographic shift to those areas.”

But there are three stats in particular she doesn’t like: California (which is the worst) followed closely by Illinois and New Jersey. In Illinois, in particular, she cited something new about parents being forced to pay for school busses because finances have gotten so bad.

Some other points she made: (video)