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#231 Chris Whalen: Fed 'Playing Chicken' with Liquidity as High Debt Levels Persist, Balance Sheet Shrinks
Chris Whalen, chairman of Whalen Global Advisors and author of The Institutional Risk Analyst blog, joins Julia La Roche for episode 231 where he shares his perspective on the economic and market implications of President Trump's pivot back to 19th century-style tariffs. Whalen argues that while tariffs are unlikely to significantly slow the US economy, the Fed is "playing chicken" with liquidity levels as it unwinds its balance sheet amid soaring deficits. He warns of structural issues in the mortgage market stemming from pandemic-era policies, and expects a major housing reset in 2027-28…
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