This Flashback Friday is from episode 331 published last August 7, 2013.

Meredith Whitney is the founder of Meredith Whitney Advisory Group and author of, "FATE OF THE STATES: The New Geography of American Prosperity."

Whitney believes "interior" states like North Dakota, Indiana and Texas are doing a lot better than "coastal" states like California, New York and Florida. She thinks the coastal states continue to struggle long after the recession, while the middle of the country will continue to thrive.

Keeping these in mind, she discusses the outlook for the following areas:

- Housing prices

- Jobs

- Quality of schools

- Transportation

She also shares her advice to help troubled municipal and state governments.

Visit the Meredith Whitney Advisory Group at www.meredithwhitneyllc.com.

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