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
