Ep. 99 Real Conversations: Chris Whalen, Chairman, Whalen Global Advisors
Hedgeye Podcasts
The Fed Is Raising Its Rates
The Fed has given us, much like climate change, is volatility in terms of markets and the economy. We have market risk now that is going to become credit risk as Obligor's default. The average credit card rate today is over 20%. That impacts no unbanked finance because they work off spreads. When the short term rate is 6.5%, that kills you.
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