Hey everyone! Chris Whalen is always a fan favorite, and I love getting him on the show every quarter. Please let me know what you think of our conversation in the comments section. And who else would you all like to see on the show more often? Let me know. Thanks for your support. You all are the absolute nicest people on the internet. 💙Julia
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Thank you, Ms. La Roche, for bringing the ever-wise Mr. Whalen back for another timely update. This guy knows his stuff...and he likes talking with you! You bring out the best in people. Keep up the good work on this growing channel!
Mr. Whalen at time 18:10 makes a point about our cities. The challenge with cities right now is similar to what occurs if you work at a company that gets acquired/bought out and the new management team lacks the skills to operate well. When poor management shows up at a business, a large number of employees leave. That's what is happening in cities like San Francisco, Chicago, NYC, Portland, and so on. Just really poor management. This is a big country and it's just like employees who know there are better-run companies to choose from. They're going to leave for greener pastures. Mr. Whalen is very well-informed and this was a great interview - thank you! .
Yikes. You're kidding?? He seems to be bullish on commercial real estate - except NY. And his take on King of Prussia mall is just bad. Please... affluent areas will always support exclusive retail.
New to your channel. So far, you have excellent guests. I like that you let them talk and allow them to present their point of view. Much of the reason Joe Rogan is so successful. (He doesn't try to get to a root cause in a 6 second sound bite...)
The assessment of the consumer's economic health can vary depending on the specific metrics and data being considered. In the interview, Chris Whalen states that the consumer side of the economy is doing relatively well, with low default rates on consumer mortgages and construction loans for single-family homes. However, he also acknowledges that low-income consumers are facing challenges and that there is a bifurcation in the consumer market. To gain a more comprehensive understanding of the consumer's economic health, it's important to consider a range of indicators such as consumer confidence, employment levels, wage growth, savings rates, and consumer spending. Additionally, it's important to recognize that there can be significant variation in economic experiences among different consumer segments, such as low-income versus high-income consumers, or rural versus urban consumers. Overall, while there may be evidence to support the claim that the consumer side of the economy is doing relatively well, it's important to acknowledge the nuances and complexities of the consumer market and the varying experiences of different consumer groups.
As a public figure and financial analyst, Chris Whalen may have biases that influence his perspectives and opinions. However, without more information on his personal and professional background, it's difficult to identify all of his potential biases. Here are a few potential biases that could influence Whalen's views: 1. Professional bias: Whalen is the chairman of Whalen Global Advisors and an author of the Institutional Risk Analyst, which could influence his views on financial markets, regulation, and monetary policy. He may have a bias towards policies that benefit the financial industry or towards certain investment strategies. 2. Political bias: While Whalen does not explicitly identify his political affiliation, he does criticize the Biden administration's policies and express a preference for a change in leadership. This could suggest a conservative political bias. 3. Ideological bias: Whalen's views on economics and finance may be influenced by his ideological beliefs, such as his views on the role of government in the economy, the importance of free markets, and the effectiveness of regulation. 4. Confirmation bias: Like all individuals, Whalen may be susceptible to confirmation bias, which is the tendency to seek out information that confirms his preexisting beliefs and to discount information that contradicts them. It's important to note that everyone has biases, and having biases does not necessarily mean that Whalen's analysis is flawed or inaccurate. However, being aware of potential biases can help consumers of financial news and analysis to evaluate information critically and make informed decisions.
Several philosophers have discussed the importance of identifying biases: 1. **John Stuart Mill**: Emphasized the value of diverse perspectives to challenge biases. 2. **Immanuel Kant**: Believed in objective, critical thinking to overcome biases. 3. **Søren Kierkegaard**: Highlighted the role of self-reflection in identifying and addressing biases. 4. **Michel Foucault**: Argued that examining power relations and social context helps reveal biases. 5. **Martha Nussbaum**: Stressed the importance of empathy and imagination in overcoming biases. These philosophers underscore the need for self-reflection, critical thinking, and understanding to identify and address biases, promoting a more just and inclusive society.
Maybe? ARMs aren't as common as in early 2000s & lending standards have majorly tightened (being self-employed, it was like pulling teeth to do a refi in 2022). We'll see.
@@LamLawIndy yes, I agree, but remember > Subprime was 1 million of the 8 Million homes foreclosed back the. It ate right thru subrime into mass amounts of conforming, full Doc fixed loans. I've had dozens of rentals for 30 years etc. Absent of forced zero rates /Zirp. And massive massive direct stimulus again, we will see 30 to 50 % off. And I think the need the mass deflationary scare again to justify the massive printing after. Obviously none of know what will happen, but it's going to be a disaster.
