Monetary Policy, Housing Market, and Potential Financial Crisis

Investment banker and author Chris Whalen, chairman of Whalen Global Advisors, who is also the author of The Institutional Risk Analyst, returns to The Julia La Roche Show for episode 175 to discuss the economy, the risk in commercial real estate, the upcoming presidential election, and the status of the American dream.  

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/

Timestamps: 

0:00 Intro and welcome Chris Whalen 

1:55 Macro view today, an indication that the tide is going back out

4:40 Residential housing will be the last headwind 

5:50 Health of the economy? ‘We’re hiding a lot’ 

7:10 Commercial could be the source of the next financial crisis 

11:50 Presidential election 

14:00 What a Trump victory would mean 

16:00 Our debt and deficit — We’re headed toward a crisis

18:40 The Fed 

21:40 Fed’s focus on language and turning markets into a Kindergarten exercise 

23:30 We’ve turned the Fed into a corporate earnings exercise 

26:00 Inflation 

28:31 The American Dream 

31:00 Parting thoughts