Chris Whalen On The Difficult Economic Environment Ahead @TheJuliaLaRocheShow

The Julia La Roche Show | Chris Whalen On The Difficult Economic Environment Ahead @TheJuliaLaRocheShow | Uploaded August 2024 | Updated October 2024, 1 day ago.
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 188 to discuss the economy.

This episode was recorded on Friday, Aug. 2.

Links:
Twitter/X: twitter.com/rcwhalen
Website: rcwhalen.com
The Institutional Risk Analyst: theinstitutionalriskanalyst.com
Stanley Middleman book: amazon.com/Seeing-Around-Corners-Achieving-Business/dp/B0D5PTSJVC

Timestamps:
00:00 Welcome back Chris Whalen
01:00 Big picture view and the troublesome rate of change
2:30 10-year yield
04:15 An inflection point
06:15 Risks in corporate credit and commercial real estate
09:15 A difficult economic environment ahead
12:50 Upcoming election
15:00 Why the Fed won't cut before the election
16:40 Opportunities
18:40 Fannie and Freddie
23:08 Velocity of the change
24:00 Consumers
26:16 Opportunities for Lenders
28:00 Inflation problem

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$You Werent Supposed To See That: Secrets Every Investor Should Know | Josh Brown Josh Brown, co-founder and CEO of Ritholtz Wealth Management, a New York City-based investment advisory firm managing over $5 billion, joins Julia La Roche on episode 199. Josh is a frequent commentator on CNBCs Halftime Report, and the author of four books including his newest, You Werent Supposed To See That: Secrets Every Investor Should Know. ✨ This episode is sponsored by Public.com. Lock in your 6.6% yield: https://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 6.6% yield is the average annualized yield to maturity (YTM) across all ten bonds in the Bond Account, before fees, as of 9/18/2024. 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 https://public.com/disclosures/bond-account. Book: https://www.amazon.com/You-Werent-Supposed-See-That/dp/180409059X Timestamps: 00:00 Introduction and welcome Josh Brown 02:05 The current state of the economy and markets 06:18 Abundance mindset vs scarcity mindset in investing 10:42 Joshs journey from blogging to meeting Barry Ritholtz 15:08 Overcoming imposter syndrome and taking risks 18:25 Joshs experience in boiler rooms and being honest about his past 21:30 Discussing Joshs personal story and education 25:58 You Werent Supposed to See That 29:37 Current market trends and investment philosophy 34:20 The role of financial advisors during market volatility 38:45 Building a media empire in finance 43:12 The importance of communication in wealth management 47:30 Reflecting on career growth and luck in the industry 50:15 The asymmetry of putting yourself out there and final thoughts$

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