#175 Chris Whalen: 'We're Hiding A Lot' — Why Commercial Could Be The Next Source Of The Financial Crisis In This Country

The Julia La Roche Show

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