Show from 03/29/24

Host Jeremy Schwartz and Professor Siegel begin this holiday special by discussing the ups and downs of this week's market. Above average PPI and CPI as well as low retail sales and housing reports balance out for a strong uptrend in the market. The Prof states that indicators do not point to inflation returning. (7:47) Chris joins Jeremy this week to talk about everything that’s happening with the banks. Chris starts off with his opinion on what the Prof had previously stated and the stock markets current position. Jeremy asks Chris about commercial real estate write downs and what the real issue might be there. Chris discusses what it will take to make changes to the bank industry and why major events create catalysts for improvement. Jeremy asks if the Fed can bail out the banks if they reduce rates. Chris comments on current housing prices and why prices remain high in some areas. Chris talks about the new index he is creating and the services he provides.

Guest: Richard Christopher Whalen is an investment banker and author who lives in New York. He is Chairman of Whalen Global Advisors LLC and focuses on the banking, mortgage finance and fintech sectors. Christopher is a contributing editor at National Mortgage News. He’s a general securities principal and member of FINRA. From 2014 through 2017, Christopher was Senior Managing Director and Head of Research at Kroll Bond Rating Agency, where he was responsible for ratings by the Financial Institutions and Corporate Ratings Groups. He was a principal of Institutional Risk Analytics from 2003 through 2013.

Learn more about Chris at: https://www.rcwhalen.com/

Follow Chris on LinkedIn: linkedin.com/in/rcwhalen