Investment banker and author Chris Whalen, chairman of Whalen Global Advisors, who is also the author of The Institutional Risk Analyst, returns for episode 200 to discuss the economy, the Fed, upcoming bank earnings, the 2024 election, and more.
✨ This episode is sponsored by Public.com. Lock in your 6.6% yield: https://public.com/julia ✨
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Links:
Twitter/X: https://twitter.com/rcwhalen
Website: https://www.rcwhalen.com/
The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/
Stanley Middleman book: https://www.amazon.com/Seeing-Around-Corners-Achieving-Business/dp/B0D5PTSJVC/
00:00 Introduction and welcome Chris Whalen
01:10 Macro view and Federal Reserve actions
02:56 Fed's rate cut mistake and implications
05:14 Fed's credibility and narrative challenges
07:12 Global economic outlook and banking sector issues
09:13 Inflation and its impact on different economic segments
12:09 Analysis of proposed first-time homebuyer policy
15:01 Discussion on oil markets and OPEC
16:48 US 10-year yields and mortgage rates
19:46 Outlook for upcoming bank earnings
22:19 Basel Accord and banking regulation issues
26:25 Market risks and bank solvency concerns
28:16 Implications of rising 10-year Treasury yields
30:36 2024 US election outlook and key issues
33:00 Closing thoughts and upcoming book releases
