✨This episode is sponsored by Public.com. Lock in your 6.9% yield: public.com/julia ✨ Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, options and Bonds in a self-directed brokerage account are offered by Public Investing. ETFs, options and Bonds are available to US members only. *A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 fractional investment-grade and high-yield bonds. The 6.9% yield is the average annualized yield to maturity (YTM) across all ten bonds in the Bond Account, before fees, as of 8/23/2024. A bond’s yield is a function of its market price, which can fluctuate, and a bond’s YTM is “locked in” when the bond is purchased. Your yield at time of purchase may be different from the yield shown here. The “locked in” YTM is not guaranteed; you may receive less than the YTM of the bonds in the Bond Account if you sell any of the bonds before maturity, or if the issuer calls or defaults on the bond. While corporate bond yields should fall in reaction to a Federal Reserve rate cut, we cannot know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or how much they will decline. Public Investing charges a markup on each bond trade. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. Fractional Bonds also carry risks including liquidity risk, interest rate risk, credit risk, inflation risk, and potential tax liabilities. Read more about the risks associated with fixed income and fractional bonds and learn more about the Bond Account at public.com/disclosures/bond-account.
I’m closing in on my retirement and I’d like to move from Regina to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation.
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Is this a good time to buy stocks? I know everyone is saying stocks are at a discount and all but just how long will It take to recover or am I better off putting my money elsewhere. I need a lot as rent, inflation alone eat up almost all of what I make with dependents and other obligations included. Tbh it's an uncertain year for me.
As they say. Time in the market, not timing the market. Only contribute what you can afford bcos it’s a long term thing. Property & Stocks will dip & peak but they aren't going anywhere anytime soon.
Be extremely attentive as we are entering an unusual market economy. That doesn't mean that you can't unravel opportunities in every sectors, you can but you should be considering rewarding options first. It would be a vast awareness to align under a top performer for easy earning picks. I did the same and it works.
right now I’m being focused on renewable energy, semiconductors, Ai chips which will be hugely integral on every sectors in the coming years. an absolute power move right now.
Always a pleasure to hear you interview an accomplished finance guy like Whalen... You have a knack for getting him to open up and share his wisdom with us 🙏
The median house price is going up because the sales mix has shifted to the luxury segment. Meanwhile, sales are collapsing. Sales always lead prices. Thus, looking at prices is not a good indicator of the health of the real estate market. Whalen suggested that the lack of house building is the culprit for the affordability crisis. But there has never been more housing units per capita than today. It's a demand issue (too many houses concentrated in fewer hands) rather than a supply issue.
So refreshing to find a RUclipsr who's not fear mongering in the face of Yield Curve Normalization. It's widely accepted that when the curve goes back to normal, that's when recessions start. Count me in the camp of investors who are not panicking. This time has the making of breaking that reliable model.
I have a comment on the question you asked and the answer given. The way it was answered made it sound like the Fed transfers reserves to the bank and that goes into the economy. Now Chris correctly said that some banks refused to lend out money even though they received reserves in 2018. Here's the thing, there is no longer a 10% reserve requirement for banks. Reserves remain reserves. They never leave the bank, so 'printing money' doesn't automatically cause prices to rise, so-called inflation. Banks create money out of thin air when they make a loan and there is no reserve requirement, so the Fed giving reserves to banks doesn't do anything. That is why we had zero inflation from 2009-2020 even though we had record low unemployment (inflationary), QE 1, 2, 3, and 4 (definition of inflationary), and a bull market in stocks and bonds. NO INFLATION. It wasn't until the world was shutdown and the supply chains were permanently broken and/or severely damaged did we finally get inflation, which the Fed wanted by the way. Read FOMC's John William's speech from Nov 2018 to see that the Fed clearly had a problem with inflation being "persistently too low."
The US economy is already in recession. Any rate cut will not ignite inflation. The banks will tighten even more, all consumer and corporate credit lending. This is the beginning of a deflationary period for your assets. Stocks markets will decline, and stock values disappear in a blink of the eye. Businesses will begin layoffs in earnest which will soon be reflected in the unemployment rate and unemployment claims, to further solidify the recession. In fact, when the FED cut rates in Sept, it will signify that the Titanic is going under, and it will suck everything down. Retail and housing sales will truly decline as consumer hold off their purchases. The inverted yield curve will then turn positive, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 130k to a decent 532k in the space of a few months... I'm especially grateful to Milton Harper, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience...
Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.
It really helped trading with Milton Harper analysis and info, even with the market in a downward trend. Definitely riding the market wave is a good perspective..
The belief that the Federal Reserve would stop raising interest rates was the driving force behind the entire economic chaos. What should we do now that we have a situation where interest rates are crashing? At this point, how would you suggest that I safely allocate $300k?
Although the market is currently volatile, aren't the current valuations a result of the Federal Reserve's monetary policy and low interest rates? Therefore, my recommendation is that you consult a financial advisor who can give you entry and exit points for the shares that you are interested in.
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
How can I participate in this? I aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
This was a fantastic pod. Chris is great to listen to, I might even dare to say brings some 'hope' for longer term future outlook. Chris, if you read this, please seriously consider pursuing a position in public service; one that has material teeth to make financial decisions for the future of America. If folks like you don't... I'm not so sure about staying hopeful in the future. Looking forward to the next Chris Whalen pod here.
I notice real estate investors always use lack of inventory and the lack of building new housing as an excuse for inflation in housing. The greater cause of the housing crisis is that we've had too low of interest rates for too long, and it has encouraged speculation and investment by private and institutional investors in residential housing. This should be illegal, because it effectively allows other citizens to turn other citizens into subjects, and nothing undermines are natural rights to life liberty and property than encouraging people to buy property and lord it over other people. If investors want to play the pump and dump game with commercial properties or lodging properties, they should be allowed to pervey their chaos there; not in residential real estate. People need shelter from the elements, and nobody should be able to monopolize or take advantage of people in this arena.
Money is a broad term. Inflation is a ghost. Liquidity is great, but qualified buyers are necessary. Then its split between savers and spenders. The population in the Asia Pacific region are rabid savers. Japan had ultra low rates for decades. Their economy has been in the dust all the while. Chris is a great interview. Happy to hear from him.
excellent interview, great guest. Really enjoyed his explanation of the Reserves aand Liquidity. Regarding bailouts. Is it not better to nationalise the the asset and resell it, that way the public gets something for it.
This was a great, informative vid. Chris is a great guest and this is becoming a great double act. A question for the future. What will be the likely causes of the 2028 correction? and what are the assumptions on how it plays out for stocks, commodities, fed, economy etc?
Home prices going up is specific to geographic location. And so far rates have been falling and homes are at all time highs in inventory in many markets.
The FED knows. They aren't committed to attacking inflation. They are going to continue to inflate, stocks and commodities will continue to go up with everything else. You can't just sit on cash waiting for a crash, get your money working for you, start buying in slowly and then gradually increase the pace of buying as the prices continue to drop.
Experienced long-term investors are aware that the market and economy have a tendency to bounce back over time, and it's wise for investors to be prepared for such a recovery. Speaking from my own experience, I continue to invest heavily in this volatile market and have achieved significant gains - my portfolio is presently up by 60%. For now, I'll keep a watchful eye on the situation and gradually invest in more stocks as opportunities arise.
How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.
My CFA ’Jessica Dawn Walters, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I appreciate you sharing this. When I looked up the woman you named and read through her credentials, it was obvious that she was a complete professional. I just need her to respond to the message I wrote her.
Julia thank you this was 35 minutes well spent. Mr. Whalen I wish that you were invited to join Trump's transition team to come up with the names of just the kind of competent financial people who are willing and eager to serve as long as it takes to turn our Federal finances around. Otherwise we have a dim future ahead. For too long mediocrities have been in charge and have done major if not catastrophic damage in their misguided efforts at social engineering. Thanks again! WLR
I'd think if the Fed announces 'incremental' small rate cuts it would prompt consumers to wait for the coming LOWER rates for purchases of big-ticket items like homes and autos.
I concur. Increased supply/lower prices on those big ticket items could counter that. The good news for people who would buy into that is, they've got an above average chance of both, buying something cheaper and refinancing that higher rate once the Fed reaches the end. Time will tell.
On the next show, can Chris discuss how many vacant homes there are in this country? In some neighborhoods, most houses seem like they've been vacant for years
A “deal” ain’t always resolves in profit. You have already answered your own question: “There are all these vacant properties (seemingly) in certain neighborhoods- for perhaps years!” My mum, close to 50 years ago, advised that “When buying a house, would you be happy if you had to live in it?” If the answer is No!, ... then look elsewhere. Cheers.
@18:16 Julia asks: "Why all the intervention?" This is the question upon which all Americans should reflect. The answer has its roots early in the last century, when our leaders and their technocrats decided that, in our modern era and affluent society, physical want could be alleviated. The business cycle could be managed! Poverty, hunger, homelessness and destitution in old age could be solved by law and regulation. Production had been solved. Distribution of the goods was our remaining problem. And so, the tinkering with the markets began. And tinkering begot more tinkering, including faulty tinkering... Fiscal rectitude was abandoned. Deficits and inflation ensued. Credits standards were relaxed. Moral hazard ignored. The costs of personal and business misadventures were socialized. And so, as Whalen says...Americans now expect to be bailed out. All along the way, we voted for this. How do we put this genie back into its bottle?
A series of massive, permanent tax cuts have created large federal budget primary shortfalls and continue to exert upward pressure on the debt ratio. In other words, the current fiscal gap-the growing debt as a percentage of the economy-stems from legislation that cut taxes, disproportionately for the very rich. While it is true that the Great Recession and legislation to fight it, along with the costs of responding to the health and economic effects of COVID-19, pushed the level of debt higher, these costs were temporary and did not change the trajectory of the debt ratio. If Congress wants to decrease deficits, it should look first toward reversing tax cuts that largely benefited the wealthy, which were responsible for the United States’ current fiscal outlook
Gold is going to hit $3k before the end of the year. Then $5k end of first quarter 2025 and $10k in the 3rd or 4th quarter. Silver will play catch up by pass gold by far some where between $300 and $500 an ounce before 2026.
IMHO I believe municipalities should go back to the old way or the original way of zoning "all mixed" Imagine walking or taking your bike to work or a baker or a nice restaurant instead of this industrial utopia of having to drive 10 miles just to get out of a residential area.
Walk home from work, get cleaned up and change, grab your wife, go meet your friends at the local bar, then all walk together to a nice sit down steak house, enjoy a great dinner, in the way home stop at the butcher to grab some fresh fish for the next days dinner and walk home. That's a way to love
Interest rates need to stay high, property needs to adjust and eventually they would once highly qualified buyers and cash buyers are flushed out. This is going to be a fed failure!
We will see if this ages well with comments on Ally, banks, consumer etc. that losses going down for past 3 qtrs in ally/banks reporting despite consumer worsening....
I disagree with housing prices going up with lowering interest rates. And I say that because people haven’t stopped buying just because of interest rates. They’ve stopped buying because prices have gotten too high and many people believe they will come back down. Also prices of everything have gone up so most people don’t have the available cash to be able to afford a high payment. Just wait and see. Banks aren’t loaning as easily as they were and the smart people will wait it out and the dumb ones won’t be able to get the money. The only thing that will change this is government intervention in the form of handouts. And they are talking about some but I’m not sure enough people will qualify for prices to stay high. I believe the government programs will be a way for migrants to acquire housing.
Precious metals - meaning Gold, is your Insurance plus perhaps a little profit. If Gold shoots up crazy like - you might wish it didn’t. Capital preservation is Gold’s function. Nothing more, and hopefully nothing else.
She wants to build 3 million homes Chris. Think Congress will go along ? Florida has developments offering incentives because they’ve way overbuilt. Powell, a republican, became Fed chair in 2018 under trump btw.
“100’s Of Trillions in Assets” regarding the Wealth in America. “The Deficit...in relation to the Debt” is Not unassailable - with certain Congressional responsibilities. Is Trump - if elected, making overtures to Chris for perhaps adult contribution? Let’s hope so.
This dude is smart, but at the same time thinks Trump understands finance, while he advocate the tarrifs will help lower childcare costs is absolutely ridiculous. Do you really think Trump is intellectual capable of being a leader, even after his clear stupidity and ignorance of most issues.
I've watched a number of your interviews and I applaud your intelligence and insightful questions and comments. But today, your guest lost me twice; to a degree that I'm inspired to speak up. Whalen says he's voting for Trump because Democrats don't have a plan. Wrong. Harris outlined plans, including building new housing and giving incentives to first time home buyers. Trump voiced he has "concepts of a plan" in the debate, and went on to espouse conspiracy theories he heard about on TV, which, in turn, because Trump carelessly repeated an ugly fiction, created a dangerous situation in Springfield, Ohio. Many respected economists say Trump's idea to have tariffs on imported goods will cause hyper-inflation here in the USA. I'm saddened to hear you have a guest admitting he plans to vote for Trump, a convicted felon who bragged about taking away women's freedoms, not to mention the horror of January 6th. Julia, you are doing very well. Please, use your platform in the service of the greater good, women's rights, and fair and balanced reporting. Speaking of fair and balanced, please more women and minorities on your show. America is diverse. Keep up the great work, and go higher. (On an advertising note: I understand you need to make a living. I am not familiar with your sponsor, but that's an unusually high yield. I personally think if something looks too good to be true, it most often is.)
maybe a depression is what this economy needs, or is he ok with bailing out every failed bank 100%, the bad medicine has to be taken sooner , or worse later
This guy's completely ignoring the unfunded liabilities. They are orders of magnitude higher than the debt. There is no way mathematically to pay them all off
✨This episode is sponsored by Public.com. Lock in your 6.9% yield: public.com/julia ✨
Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US Listed and registered securities, options and Bonds in a self-directed brokerage account are offered by Public Investing. ETFs, options and Bonds are available to US members only.
*A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 fractional investment-grade and high-yield bonds. The 6.9% yield is the average annualized yield to maturity (YTM) across all ten bonds in the Bond Account, before fees, as of 8/23/2024. A bond’s yield is a function of its market price, which can fluctuate, and a bond’s YTM is “locked in” when the bond is purchased. Your yield at time of purchase may be different from the yield shown here. The “locked in” YTM is not guaranteed; you may receive less than the YTM of the bonds in the Bond Account if you sell any of the bonds before maturity, or if the issuer calls or defaults on the bond. While corporate bond yields should fall in reaction to a Federal Reserve rate cut, we cannot know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or how much they will decline. Public Investing charges a markup on each bond trade. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. Fractional Bonds also carry risks including liquidity risk, interest rate risk, credit risk, inflation risk, and potential tax liabilities. Read more about the risks associated with fixed income and fractional bonds and learn more about the Bond Account at public.com/disclosures/bond-account.
This name for the episode is a misnomer-- Fed would still rather have inflation
Don't have a job = can't afford housing.
Have a job = can't afford housing.
So why have a job?
I’m closing in on my retirement and I’d like to move from Regina to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation.
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Good to see Chris Whalen again; great guest.
Is this a good time to buy stocks? I know everyone is saying stocks are at a discount and all but just how long will It take to recover or am I better off putting my money elsewhere. I need a lot as rent, inflation alone eat up almost all of what I make with dependents and other obligations included. Tbh it's an uncertain year for me.
As they say. Time in the market, not timing the market. Only contribute what you can afford bcos it’s a long term thing. Property & Stocks will dip & peak but they aren't going anywhere anytime soon.
Be extremely attentive as we are entering an unusual market economy. That doesn't mean that you can't unravel opportunities in every sectors, you can but you should be considering rewarding options first. It would be a vast awareness to align under a top performer for easy earning picks. I did the same and it works.
very well, I got in on multiple sectors myself, I think about adding more to my individual account or is holding off more better for me?
right now I’m being focused on renewable energy, semiconductors, Ai chips which will be hugely integral on every sectors in the coming years. an absolute power move right now.
add Gold and silver as well.
Always a pleasure to hear you interview an accomplished finance guy like Whalen... You have a knack for getting him to open up and share his wisdom with us 🙏
The median house price is going up because the sales mix has shifted to the luxury segment. Meanwhile, sales are collapsing. Sales always lead prices. Thus, looking at prices is not a good indicator of the health of the real estate market.
Whalen suggested that the lack of house building is the culprit for the affordability crisis. But there has never been more housing units per capita than today. It's a demand issue (too many houses concentrated in fewer hands) rather than a supply issue.
So refreshing to hear a sane Democrat speak. I hope his message resonates. Great Interview!
Chris is a genius. Yet another great interview
Great video, thanks for your guest and your time.
So refreshing to find a RUclipsr who's not fear mongering in the face of Yield Curve Normalization. It's widely accepted that when the curve goes back to normal, that's when recessions start. Count me in the camp of investors who are not panicking. This time has the making of breaking that reliable model.
I have a comment on the question you asked and the answer given. The way it was answered made it sound like the Fed transfers reserves to the bank and that goes into the economy. Now Chris correctly said that some banks refused to lend out money even though they received reserves in 2018. Here's the thing, there is no longer a 10% reserve requirement for banks. Reserves remain reserves. They never leave the bank, so 'printing money' doesn't automatically cause prices to rise, so-called inflation. Banks create money out of thin air when they make a loan and there is no reserve requirement, so the Fed giving reserves to banks doesn't do anything. That is why we had zero inflation from 2009-2020 even though we had record low unemployment (inflationary), QE 1, 2, 3, and 4 (definition of inflationary), and a bull market in stocks and bonds. NO INFLATION. It wasn't until the world was shutdown and the supply chains were permanently broken and/or severely damaged did we finally get inflation, which the Fed wanted by the way. Read FOMC's John William's speech from Nov 2018 to see that the Fed clearly had a problem with inflation being "persistently too low."
The US economy is already in recession. Any rate cut will not ignite inflation. The banks will tighten even more, all consumer and corporate credit lending. This is the beginning of a deflationary period for your assets. Stocks markets will decline, and stock values disappear in a blink of the eye. Businesses will begin layoffs in earnest which will soon be reflected in the unemployment rate and unemployment claims, to further solidify the recession. In fact, when the FED cut rates in Sept, it will signify that the Titanic is going under, and it will suck everything down. Retail and housing sales will truly decline as consumer hold off their purchases. The inverted yield curve will then turn positive, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 130k to a decent 532k in the space of a few months... I'm especially grateful to Milton Harper, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
He mostly interacts on Telegrams, using the user-name,
@MiltonHarper
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience...
Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.
It really helped trading with Milton Harper analysis and info, even with the market in a downward trend. Definitely riding the market wave is a good perspective..
The belief that the Federal Reserve would stop raising interest rates was the driving force behind the entire economic chaos. What should we do now that we have a situation where interest rates are crashing? At this point, how would you suggest that I safely allocate $300k?
Although the market is currently volatile, aren't the current valuations a result of the Federal Reserve's monetary policy and low interest rates? Therefore, my recommendation is that you consult a financial advisor who can give you entry and exit points for the shares that you are interested in.
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
How can I participate in this? I aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Chris is a gem. Love his insights.
You two are an interview match made in heaven. Can't thank you both enough.
thank you!
😇
Loved the explanation of liquidity.
Chris is spot on❤thank julia
Yes Chris is my smart stable pseudo uncle.
Always appreciate listening to his views.
Well said
Fantastic interview!
Great having Chris on!
Chris Whalen should be the world’s largest philanthropic financial advisor to the people. He is just great!! 💯
He's so right. People are conditioned to panic at the slightest hint of economic weakness.
This was a fantastic pod. Chris is great to listen to, I might even dare to say brings some 'hope' for longer term future outlook. Chris, if you read this, please seriously consider pursuing a position in public service; one that has material teeth to make financial decisions for the future of America. If folks like you don't... I'm not so sure about staying hopeful in the future. Looking forward to the next Chris Whalen pod here.
I love this guy
Great guest. It is difficult to find someone telling the true origin of inflation 👍
I notice real estate investors always use lack of inventory and the lack of building new housing as an excuse for inflation in housing. The greater cause of the housing crisis is that we've had too low of interest rates for too long, and it has encouraged speculation and investment by private and institutional investors in residential housing. This should be illegal, because it effectively allows other citizens to turn other citizens into subjects, and nothing undermines are natural rights to life liberty and property than encouraging people to buy property and lord it over other people. If investors want to play the pump and dump game with commercial properties or lodging properties, they should be allowed to pervey their chaos there; not in residential real estate. People need shelter from the elements, and nobody should be able to monopolize or take advantage of people in this arena.
Money is a broad term. Inflation is a ghost. Liquidity is great, but qualified buyers are necessary. Then its split between savers and spenders. The population in the Asia Pacific region are rabid savers. Japan had ultra low rates for decades. Their economy has been in the dust all the while. Chris is a great interview. Happy to hear from him.
excellent interview, great guest. Really enjoyed his explanation of the Reserves aand Liquidity.
Regarding bailouts. Is it not better to nationalise the the asset and resell it, that way the public gets something for it.
Another great show Julia!
Detective of Money Politics is following this very informative content cheers from VK3GFS and 73s from Frank
I appreciate you, Frank!
Wow you're shilling speculative high risk bonds now... Sad
Yeah, bad time to pump and dump junk bonds. Did she ever promote Sam Bankman Fried?
This was a great, informative vid. Chris is a great guest and this is becoming a great double act. A question for the future. What will be the likely causes of the 2028 correction? and what are the assumptions on how it plays out for stocks, commodities, fed, economy etc?
Chris is an O G very smart and helpful
I like Whalen
Home prices going up is specific to geographic location.
And so far rates have been falling and homes are at all time highs in inventory in many markets.
The FED knows. They aren't committed to attacking inflation. They are going to continue to inflate, stocks and commodities will continue to go up with everything else. You can't just sit on cash waiting for a crash, get your money working for you, start buying in slowly and then gradually increase the pace of buying as the prices continue to drop.
Experienced long-term investors are aware that the market and economy have a tendency to bounce back over time, and it's wise for investors to be prepared for such a recovery. Speaking from my own experience, I continue to invest heavily in this volatile market and have achieved significant gains - my portfolio is presently up by 60%. For now, I'll keep a watchful eye on the situation and gradually invest in more stocks as opportunities arise.
How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.
My CFA ’Jessica Dawn Walters, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I appreciate you sharing this. When I looked up the woman you named and read through her credentials, it was obvious that she was a complete professional. I just need her to respond to the message I wrote her.
Looking forward to Chris interview next month and would like to read his book
Lovve Chris. Next time ask him when credit spreads will revert to the mean?
Julia thank you this was 35 minutes well spent. Mr. Whalen I wish that you were invited to join Trump's transition team to come up with the names of just the kind of competent financial people who are willing and eager to serve as long as it takes to turn our Federal finances around. Otherwise we have a dim future ahead. For too long mediocrities have been in charge and have done major if not catastrophic damage in their misguided efforts at social engineering. Thanks again! WLR
I'd think if the Fed announces 'incremental' small rate cuts it would prompt consumers to wait for the coming LOWER rates for purchases of big-ticket items like homes and autos.
I concur. Increased supply/lower prices on those big ticket items could counter that. The good news for people who would buy into that is, they've got an above average chance of both, buying something cheaper and refinancing that higher rate once the Fed reaches the end. Time will tell.
Chris Whalen for Treasury Secretary in the Unity Government. Just Do It.
Janet yellin is lousey
On the next show, can Chris discuss how many vacant homes there are in this country? In some neighborhoods, most houses seem like they've been vacant for years
A “deal” ain’t always resolves in profit.
You have already answered your own question: “There are all these vacant properties (seemingly) in certain neighborhoods- for perhaps years!”
My mum, close to 50 years ago, advised that “When buying a house, would you be happy if you had to live in it?”
If the answer is No!, ... then look elsewhere.
Cheers.
The Fed is keeping asset prices up due to amount of Sr’s portfolio’s. Inflate the liquidity in the system to keep up.
I want what this guy is smoking..
My fear is they will quit the fight and usher in universal basic income further destroying the economy
Likely on the cards.
Yeah. The debtor is the servant to the lender. I think we have already been lead down this path.
Aren't we already there? Isn't Welfare just UBI? If you can't move fast enough on the income treadmill, you end up on the UBI end?
@@energyfitness5116 Yes!
@18:16 Julia asks: "Why all the intervention?" This is the question upon which all Americans should reflect. The answer has its roots early in the last century, when our leaders and their technocrats decided that, in our modern era and affluent society, physical want could be alleviated. The business cycle could be managed! Poverty, hunger, homelessness and destitution in old age could be solved by law and regulation. Production had been solved. Distribution of the goods was our remaining problem. And so, the tinkering with the markets began. And tinkering begot more tinkering, including faulty tinkering... Fiscal rectitude was abandoned. Deficits and inflation ensued. Credits standards were relaxed. Moral hazard ignored. The costs of personal and business misadventures were socialized. And so, as Whalen says...Americans now expect to be bailed out. All along the way, we voted for this. How do we put this genie back into its bottle?
Perfect timing after financials are getting crushed today.
A series of massive, permanent tax cuts have created large federal budget primary shortfalls and continue to exert upward pressure on the debt ratio. In other words, the current fiscal gap-the growing debt as a percentage of the economy-stems from legislation that cut taxes, disproportionately for the very rich. While it is true that the Great Recession and legislation to fight it, along with the costs of responding to the health and economic effects of COVID-19, pushed the level of debt higher, these costs were temporary and did not change the trajectory of the debt ratio. If Congress wants to decrease deficits, it should look first toward reversing tax cuts that largely benefited the wealthy, which were responsible for the United States’ current fiscal outlook
Nobody uses the word specious
Yes, this interview is. Something isn't right.
Gold is going to hit $3k before the end of the year. Then $5k end of first quarter 2025 and $10k in the 3rd or 4th quarter. Silver will play catch up by pass gold by far some where between $300 and $500 an ounce before 2026.
IMHO I believe municipalities should go back to the old way or the original way of zoning "all mixed" Imagine walking or taking your bike to work or a baker or a nice restaurant instead of this industrial utopia of having to drive 10 miles just to get out of a residential area.
Walk home from work, get cleaned up and change, grab your wife, go meet your friends at the local bar, then all walk together to a nice sit down steak house, enjoy a great dinner, in the way home stop at the butcher to grab some fresh fish for the next days dinner and walk home. That's a way to love
Interest rates need to stay high, property needs to adjust and eventually they would once highly qualified buyers and cash buyers are flushed out. This is going to be a fed failure!
The Congress has nothing to do with all of this.
We will see if this ages well with comments on Ally, banks, consumer etc. that losses going down for past 3 qtrs in ally/banks reporting despite consumer worsening....
More inflation on the way. Message received
I disagree with housing prices going up with lowering interest rates. And I say that because people haven’t stopped buying just because of interest rates. They’ve stopped buying because prices have gotten too high and many people believe they will come back down. Also prices of everything have gone up so most people don’t have the available cash to be able to afford a high payment.
Just wait and see.
Banks aren’t loaning as easily as they were and the smart people will wait it out and the dumb ones won’t be able to get the money.
The only thing that will change this is government intervention in the form of handouts. And they are talking about some but I’m not sure enough people will qualify for prices to stay high. I believe the government programs will be a way for migrants to acquire housing.
🔥
Fed should charge these large banks for unlent reserves parked at the fed.
What about precious metals 🤔
Last week's show provided some excellent information on gold trends.
@@Reason-Logic Thanks Bro 😀👊
Precious metals - meaning Gold, is your Insurance plus perhaps a little profit.
If Gold shoots up crazy like - you might wish it didn’t.
Capital preservation is Gold’s function. Nothing more, and hopefully nothing else.
bailouts and not allowing debt deflation? that means US follows Japan and no real normalizing of prices ever?
garland accuses others of exactly what they are doing but 10x worse!
Afraid to fight inflation? Noooooooooo they need inflation to run hot to inflate the debt away!
She wants to build 3 million homes Chris. Think Congress will go along ? Florida has developments offering incentives because they’ve way overbuilt. Powell, a republican, became Fed chair in 2018 under trump btw.
что за сифак под подмышкой?
buy bitcoin 🚀🚀🚀🚀
Chris, were you threatened? What did I just listen to?
“Banks are doing fine” . . .
But we MUST keep bailing them out because....?😊
IF one believes Chris:
It’s cheaper to do that, than the alternative.
Is he right?
Probably - with clenched teeth.
@@Chuck68ify Yeah, for an unprecedented 100% of deposits now too.
@@johnbirman5840 Cheaper for who is the question? Buffett bailed out of B of A for a reason!
Really like you both a lot but it’s 9/11 and Ally just warned of trouble today !!! Ahhh wt heck?? Big car loan issues plus plus
“100’s Of Trillions in Assets” regarding the Wealth in America. “The Deficit...in relation to the Debt” is Not unassailable - with certain Congressional responsibilities.
Is Trump - if elected, making overtures to Chris for perhaps adult contribution?
Let’s hope so.
This dude is smart, but at the same time thinks Trump understands finance, while he advocate the tarrifs will help lower childcare costs is absolutely ridiculous. Do you really think Trump is intellectual capable of being a leader, even after his clear stupidity and ignorance of most issues.
I've watched a number of your interviews and I applaud your intelligence and insightful questions and comments. But today, your guest lost me twice; to a degree that I'm inspired to speak up. Whalen says he's voting for Trump because Democrats don't have a plan. Wrong. Harris outlined plans, including building new housing and giving incentives to first time home buyers. Trump voiced he has "concepts of a plan" in the debate, and went on to espouse conspiracy theories he heard about on TV, which, in turn, because Trump carelessly repeated an ugly fiction, created a dangerous situation in Springfield, Ohio. Many respected economists say Trump's idea to have tariffs on imported goods will cause hyper-inflation here in the USA. I'm saddened to hear you have a guest admitting he plans to vote for Trump, a convicted felon who bragged about taking away women's freedoms, not to mention the horror of January 6th. Julia, you are doing very well. Please, use your platform in the service of the greater good, women's rights, and fair and balanced reporting. Speaking of fair and balanced, please more women and minorities on your show. America is diverse. Keep up the great work, and go higher. (On an advertising note: I understand you need to make a living. I am not familiar with your sponsor, but that's an unusually high yield. I personally think if something looks too good to be true, it most often is.)
maybe a depression is what this economy needs, or is he ok with bailing out every failed bank 100%,
the bad medicine has to be taken sooner , or worse later
This guy's completely ignoring the unfunded liabilities. They are orders of magnitude higher than the debt.
There is no way mathematically to pay them all off
@@rchen404 Yeah, I listened to this interview multiple times. It is far from observation of real world events.