Meredith Whitney: Invest in America’s new boom-towns

Financial pundit Meredith Whitney believes companies will abandon America's coastal cities for the energy-rich interior. Supposing she's proved right again, how can investors profit? James McKeigue reports.

Over the next few decade, millions of American workers and companies are going to abandon states like California and New York and move to the country's interior. At least that's the message from US financial pundit Meredith Whitney. The former bank analyst believes this internal migration will throw up massive investment opportunities.

Whitney, 43, shot to fame in 2007 when she correctly predicted that America's mortgage-backed bond market was set to tumble. She was particularly bearish on Citigroup and her prediction that it would suspend its dividend which was widely derided at the time ended up being bang on the button.

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.