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

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