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Fate of the States: The New Geography of American Prosperity

by Whitney, Meredith | HC | VeryGood
ThriftBooks
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US $5.85
Approximately£4.31
Condition:
Very Good
May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend ... Read moreAbout condition
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eBay item number:143755624814
Last updated on 18 Jul, 2025 02:43:07 BSTView all revisionsView all revisions

Item specifics

Condition
Very Good
A book that has been read and does not look new, but is in excellent condition. No obvious damage to the book cover, with the dust jacket (if applicable) included for hard covers. No missing or damaged pages, no creases or tears, no underlining or highlighting of text, and no writing in the margins. Some identifying marks on the inside cover, but this is minimal. Very little wear and tear. See the seller’s listing for full details and description of any imperfections. See all condition definitionsopens in a new window or tab
Seller notes
“May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend ...
Binding
Hardcover
Weight
1 lbs
Product Group
Book
IsTextBook
No
ISBN
9781591845706

About this product

Product Identifiers

Publisher
Penguin Publishing Group
ISBN-10
159184570X
ISBN-13
9781591845706
eBay Product ID (ePID)
4038422993

Product Key Features

Book Title
Fate of the States : the New Geography of American Prosperity
Number of Pages
272 Pages
Language
English
Topic
Economic History, Investments & Securities / General
Publication Year
2013
Illustrator
Yes
Genre
Business & Economics
Author
Meredith Whitney
Format
Hardcover

Dimensions

Item Height
1 in
Item Weight
16.1 Oz
Item Length
9.2 in
Item Width
6.3 in

Additional Product Features

Intended Audience
Trade
Dewey Edition
23
Grade From
Twelfth Grade
Dewey Decimal
330.973
Synopsis
'Forget everything you think you know about the direction of the American economy, about our growing need for foreign oil, about the rise of the service economy and the decline of American manufacturing. The story of the next thirty years will not be a repeat of the last thirty.' One of the most respected voices on Wall Street, Meredith Whitney shot to global prominence in 2007 when her warnings of a looming crisis in the financial sector proved all too prescient. Now, in her first book, she expands upon her biggest call since the financial crisis. Whitney points out that it wasn't just consumers who binged on debt for the past twenty years but state and local governments too. She explains how the fiscal sins of the past are beginning to transform the U.S. economy along regional lines. And she shows how we are moving into a new era in which wealth, power, and opportunity flow away from the coasts and toward the central corridor. The housing boom was initially great for states such as California, Nevada, and Florida. State and municipal coffers overflowed, unemployment shrank, and local governments spent their tax-revenue windfalls on pay hikes and pension increases for their public employees. But when the boom dried up in those parts of the country, so too did the tax revenues, forcing tax-rate hikes and cuts to essential public services - especially education and infrastructure. In contrast to those doom and gloom headlines, a much different trend was developing in interior states such as North Dakota, Indiana, and Texas. They survived the housing crisis relatively unscathed, avoiding mass foreclosures and budgetary chaos. As a result they've had the money to retrain workers and offer tax incentives to companies willing to relocate. Coupled with the recent booms in natural gas and oil extraction and a resurgence in manufacturing, these states are poised to become the new powerhouses of the American economy. Whitney offers a sobering vision of the next few decades, with the coastal states continuing to struggle while the central corridor continues to thrive. She explores the consequences of roughly half the country stuck in a vicious cycle of decline while the other half enjoys a virtuous circle of growth. Whitney also offers practical ideas to help the struggling parts of the country - before the fate of the states becomes irreversible. What the media has said about Meredith Whitney 'Whitney has become the closest thing Wall Street has to an oracle.' Michael Lewis, Bloomberg News 'One of the most respected voices on Wall Street.' Time 'Her analyses are must-heeds for investors.' Crain's New York Business 'Her name is synonymous in the media with prudent financial advice.' The Atlantic
LC Classification Number
HC106.84.W48 2013

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