It's one of those days! We have two episodes today. I hope you all enjoy this conversation with Chris Whalen, chairman of Whalen Global Advisors. Let me know what you think! 💙 Julia
First Washington Mutual, then first republic, Silicon Valley and now signature bank, these are all the signs of yet another 2008 market crash 2.0 , so my question is do I still save in the United States dollar or is this a good time to buy gold? I need solid data in market Trajectory
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place
@Mark Lofgren This sounds really interesting. I've been thinking of pulling out my money too. Could you recommend who your advisor is? I could really use some help.
Ms. La Roche: this was a great get! The guy is so on point: he knows what he's talking about. Definitely have him back for follow-ups and deeper dives? And thank YOU for asking basic questions to keep things accessible to the 101 level crowd (such as myself, lol): I appreciate you taking the time to get elementary answers to what can be quite difficult economic concepts!
Thank you so much, Junk Science. That means a lot, and I definitely try to keep it accessible because I'm also learning alongside you too. I'm not an expert and will never pretend to be one -- I promise! Really glad you enjoyed it, and I'll bring Chris back again soon. 🙏💙😊
Lots of folks rearranging deck chairs still….absolutely stunning! Chris Whalen is as much of a bank expert as they get, no one knows more about this space!
Great interview Julia…Chris has a unique way of breaking down the complexities of the bond market and it’s impact on banks and the ramifications on the economy.
First time watching your show. I like listening to Chris Whalen. I also liked the questions you asked. Definitely subscribed. We have to support independent journalists!
When you buy a treasury bill you are LOANING money to the treasury! When you buy treasury notes + bonds you get the entire bond . Why would you loan money to a treasury that needs to default? When the government defaults notes and bonds get paid first.
This is a fantastic guest, Julia. Especially when he said the Fed is like the catholic church, never admitting fault. Perhaps this means JPow is the Fiscal Pontiff.
@@marvinlewis1101 I said the MONEY SUPPLY, here in US! Watch Prof. Steve Hanke, who had projected (& published) 9% peak CPI 1.5 years inadvance! Inflation is always a local, home-grown monetary phenomenon. Those are like the “team transitory” excuses. But, I hear what you are saying. Thanks. & I guess Julia had decided not to interview Prof. Hanke, who would be her greatest guest (not saying weird things to appear “sexy”, though) & tell things as they are!
The 50 billion dollar line of credit JP MORGAN got from the FDIC will go along way to really increase the distress credit portfolio DIMON is about to expand upon ? What could you do with $50 billion buying credit 4 pennies?
The federal reserve raised a quarter and dollar was down a half? Anyone want the rest of a half eaten bologna sandwich out of the fed toolbox? To bring back confidence to the federal reserve doesnt CHAIRMAN JERRY NEED TO GET THE BOOT?
You fool for a guest...! For one thing the FED wanted inflation simply because as they say inflation makes debt cheeper. Government debt supposedly finds it cheeper to be paid under inflationary circumstances. That is beside keeping interests low which again paying debt under lower interest is the benefit in such situation...! Generally placed your guest comes on in such childish manner to explain the distortions the FED has caused for too many years... Only benefits novice listeners...!
You are the novice. Of course governments want inflation. But they want institutions who buy their paper to stay in business and keep buying their depreciating paper. They pumped M2 up near $5 tril in 2 years and bought their own paper. Now the Fed has inflation and no customers.
I'm sorry to hear that, Mark. Those are the YT ads. This channel is currently how I'm making money, and I'd love to get some sponsors when I hit 10K. That said, I have the video on my Spotify with 1 ad. open.spotify.com/show/1AdbUQ6caOvrhyHwkVLcSP
It's one of those days! We have two episodes today. I hope you all enjoy this conversation with Chris Whalen, chairman of Whalen Global Advisors. Let me know what you think! 💙 Julia
Wow, one after another! Gr8 guest 2 discuss this subject!
@@issenvan1050 Yep! I was able to turn around this one pretty quickly. We recorded at 10amET today. Always appreciate your support, Issen. 😊
I have 3% fixed-rate mortgage, too. So, I shouldn’t pay it until maturity?
Viable investment ideas (NFA, of course 😎)?
@@issenvan1050 3
Have seen Chris numerous times. Always very insightful. Thanks for having him on
I'm so glad you enjoyed it. Thank you so much, Jeffrey. 😃
First Washington Mutual, then first republic, Silicon Valley and now signature bank, these are all the signs of yet another 2008 market crash 2.0 , so my question is do I still save in the United States dollar or is this a good time to buy gold? I need solid data in market Trajectory
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place
@Mark Lofgren This sounds really interesting. I've been thinking of pulling out my money too. Could you recommend who your advisor is? I could really use some help.
Thankfully, I spotted her site without sweat after inputting her full name on my browser, no bs. I find her valid.
Chris Whalen For President!
Chris Whalen is very insightful. Great guest, excellent commentary. Pulls no punches. Straight talk and candid explanations.
Thanks, Mark! He was great. I'll bring him back.
Ms. La Roche: this was a great get! The guy is so on point: he knows what he's talking about. Definitely have him back for follow-ups and deeper dives? And thank YOU for asking basic questions to keep things accessible to the 101 level crowd (such as myself, lol): I appreciate you taking the time to get elementary answers to what can be quite difficult economic concepts!
Thank you so much, Junk Science. That means a lot, and I definitely try to keep it accessible because I'm also learning alongside you too. I'm not an expert and will never pretend to be one -- I promise! Really glad you enjoyed it, and I'll bring Chris back again soon. 🙏💙😊
Lots of folks rearranging deck chairs still….absolutely stunning! Chris Whalen is as much of a bank expert as they get, no one knows more about this space!
Exactly! So thrilled he could join the pod, too, at this critical time.
Thank you Chris.
Wonderful interview.
Thank you as always, Ryan! 💙
Thanks Julia...great guest and interview.
Thank you as always, Fubar Brandon. You're one of my day-one viewers, and it means so much when you comment!😊
Great and informative conversation. Chris is a great guest, with sobber and balanced views
YAY! I'm so happy you liked it, Miguel. I agree -- Chris is fantastic, and a delight to interview.
Great interview Julia…Chris has a unique way of breaking down the complexities of the bond market and it’s impact on banks and the ramifications on the economy.
Thank you, Trent!
Great guest. I learned a lot about the banking system.
Great interview. Whalen is really sharp.
Thanks, Daniel! He is! I'll bring him back on.
Thanks Julia.❤
Thank you, Tim!
Very informative interview start to finish. Thank you both for your insight & honesty too.
Thank you! 😊
First time watching your show. I like listening to Chris Whalen. I also liked the questions you asked. Definitely subscribed. We have to support independent journalists!
Thank you so much, Matt! That means a lot.
Great guest. The FED is trapped.
Great guest!
Another awesome show, Julia!
Great insights!! Thx!
Appreciate you, Andrew!
Fantastic show and channel 👏
Thank you so much, Paulo! 😊🙏
This gentleman knows his onions 👍
The gov has always been the ultimate buyer of the majority of mortgages via Freddie Mac and Fannie May. The Fed buyer of MBS's simply added to that.
The large banks of course also have deposit flight. Who will leave their funds with any bank that paying no interest?
good show
Am I confused? Wasn't Mr. Whalen on Blockworks when SVB failed saying everything was fine and it was just unique to that bank?
When you buy a treasury bill you are LOANING money to the treasury!
When you buy treasury notes + bonds you get the entire bond .
Why would you loan money to a treasury that needs to default?
When the government defaults notes and bonds get paid first.
Such a smart interview, please ask Cris to return.
Will do. Thanks Marci and John!
This is a fantastic guest, Julia. Especially when he said the Fed is like the catholic church, never admitting fault. Perhaps this means JPow is the Fiscal Pontiff.
Good interviews. You deserve 100k subscribers.
Wow! Thank you so much. That would be the dream! 💙💙💙
How about the reserve requirement & SLR & RRP?
"I will never refinance that mortgage"
You will when the rates are 1% in a few years.
Wow!
And Congressmen finally asking him about it…
Yes!
5:05 -5:10
Exactly! They jacked rates and HELD the MBS Balance Sheet until they couldn’t then boom, banks went bust March 2023
Fear not! The Fed may not know what it is doing but they still have a printing press and can paper over any problem it creates!
Pay me 5% and I am happy as a saver.😊
Does this mean that the Fed crowded out the private sector by far too much during 20/21?
I have 3% fixed-rate mortgage, too. So, I shouldn’t pay it until maturity?
Correct
@@stanminna1761 So, don’t pay it off as a lump sum?
How about shadow banking?
Why should the long-end of the curve go up?
Is that like YCC?
Start selling securities = contract the money supply more?
Don’t they roll over longer-term securities either?
Viable investment ideas (NFA, of course 😎)?
Why doesn’t the FED follow the money supply?
The fed hasn't been able to track the eurodollar universe since the 70s or earlier
@@marvinlewis1101 I said the MONEY SUPPLY, here in US! Watch Prof. Steve Hanke, who had projected (& published) 9% peak CPI 1.5 years inadvance! Inflation is always a local, home-grown monetary phenomenon. Those are like the “team transitory” excuses. But, I hear what you are saying. Thanks. & I guess Julia had decided not to interview Prof. Hanke, who would be her greatest guest (not saying weird things to appear “sexy”, though) & tell things as they are!
If the fed is insolvent then the government is insolvent???? Did we just lose world currency status???
15:24 "If you do a mark to market on the fed, the fed is insolvent." That's not ideal lmao
The 50 billion dollar line of credit JP MORGAN got from the FDIC will go along way to really increase the distress credit portfolio DIMON is about to expand upon ?
What could you do with $50 billion buying credit 4 pennies?
SCHW!
So the FED is not fighting inflation.
CBDCs?
The federal reserve raised a quarter and dollar was down a half?
Anyone want the rest of a half eaten bologna sandwich out of the fed toolbox?
To bring back confidence to the federal reserve doesnt CHAIRMAN JERRY NEED TO GET THE BOOT?
He first says US is good at self-critique, then goes on to say it is not?.. 🤪
You fool for a guest...! For one thing the FED wanted inflation simply because as they say inflation makes debt cheeper. Government debt supposedly finds it cheeper to be paid under inflationary circumstances. That is beside keeping interests low which again paying debt under lower interest is the benefit in such situation...!
Generally placed your guest comes on in such childish manner to explain the distortions the FED has caused for too many years... Only benefits novice listeners...!
You are the novice. Of course governments want inflation. But they want institutions who buy their paper to stay in business and keep buying their depreciating paper. They pumped M2 up near $5 tril in 2 years and bought their own paper. Now the Fed has inflation and no customers.
This podcast show contains excessive advertising and is not worth the time.
I'm sorry to hear that, Mark. Those are the YT ads. This channel is currently how I'm making money, and I'd love to get some sponsors when I hit 10K. That said, I have the video on my Spotify with 1 ad. open.spotify.com/show/1AdbUQ6caOvrhyHwkVLcSP
Sure pal. The solution is to lower rates. What a joke of an interview.