Ep. 99 Real Conversations: Chris Whalen, Chairman, Whalen Global Advisors
Hedgeye Podcasts
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Credit Risk
B-Ree: I think there's going to be idiosyncratic risk in terms of the banks that weren't paying attention last year. The ones that didn't realize the quantitative easing was temporary. So people stopped hedging interest rates and they just stayed long equities. And now that we're restoring correlations, which is when the US goes back to a premium in swaps, and it's no longer at a discount. That will show you that we're headed for the US credit crisis.
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