The U.S. economy is facing a new crisis, says Meredith Whitney who called the 2008 bust.
1. Meredith Whitney warns of economic bifurcation affecting lower-income households. 2. Over 50% of U.S. households may face job losses; hospitality jobs at risk. 3. Whitney shifts outlook from dollar stores to higher-end retailers. 4. Home equity borrowing is growing, affecting consumer spending habits. 5. U.S. housing market activity is declining; existing-home sales at 25-year lows.