The Julia La Roche Show #323 Chris Whalen: A Generational Reset Of Credit & Asset Valuations - Corporate Credit Worsens 2026, Housing Decline 2027-28 & The Cost Of QE
21 snips
Jan 3, 2026 
Chris Whalen, chairman of Whalen Global Advisors and author of The Institutional Risk Analyst, shares his astute market insights. He warns of an impending market correction reminiscent of 2008, largely driven by private equity challenges. Whalen exposes the rise of AI-fueled fraud in housing and discusses a potential housing market downturn by 2027-28. He also highlights a shift in global gold pricing to Shanghai and predicts that Jerome Powell will remain on the Fed board through 2028, navigating political tensions.
AI Snips
Chapters
Transcript
Episode notes
Maxi Market Correction Looms
- Chris Whalen warns a 'maxi market correction' could rival 2008, driven by credit and private equity failures.
- Hundreds of private equity holdings are illiquid and sponsors are sometimes selling companies to themselves, creating systemic risk.
Private Equity Liquidity Crisis
- Private equity faces widespread trouble as many portfolio companies cannot be sold at market prices.
- Sponsors creating new funds to buy their own assets and charging fees signal deep structural problems.
AI-Driven Fraud Is Exploding In Mortgages
- Fraud in mortgage underwriting has surged because AI makes it easy to forge documents like bank statements.
- Manual verification becomes costly and increases repurchase risk for lenders and originators.