Christopher Whalen

All right.

Chris Whalen, Chairman of Whalen Global Advisors, author of the Institutional Risk Analyst blog, the star of The Wrap with Chris Whalen.

Thank you so much.

And I want to thank our partners over at Monetary Metals.

The other thing that I want to hit on a little bit There's been a lot of chatter over the last couple of days about an export ban on diesel.

And the first thing is, and I went back and looked, and Alice, you may have it in your notes, but we talked about this in the beginning of April, a great piece put out by Chris Whalen, institutional risk analyst, that talked about in four to six months, the question was not going to be the price of oil, but the availability of oil products.

Diesel being number one.

Now, the price of diesel is almost double, but a lot of it is even now coming down to what can you get? Both ends of the supply spectrum, right? Costco announced last week that they're limiting motor oil purchases to, I forget, however many quarts at a time, right? That's local and macro level.

The other thing that I want to hit on a little bit There's been a lot of chatter over the last couple of days about an export ban on diesel.

And the first thing is, and I went back and looked, and Alice, you may have it in your notes, but we talked about this in the beginning of April, a great piece put out by Chris Whalen, institutional risk analyst, that talked about in four to six months, the question was not going to be the price of oil, but the availability of oil products.

Diesel being number one.

Now, the price of diesel is almost double, but a lot of it is even now coming down to what can you get? Both ends of the supply spectrum, right? Costco announced last week that they're limiting motor oil purchases to, I forget, however many quarts at a time, right? That's local and macro level.

Hey everyone, welcome back to another episode of The Wrap with Chris Whalen, where we break down what's happening on Wall Street, Washington, D.C., and everywhere in between.

In this episode, we get Chris's reaction to the Fed's 25 basis point rate hike, which he called pretty lame, especially when you have a $2 trillion deficit.

We also got him to weigh in on inflation, an area he's been talking about a lot on this show, especially with rising energy prices.

So more to come on that one, too.

More to come.

Chris Whalen, chairman of Whalen Global Advisors, author of the Institutional Risk Analyst blog, which, by the way, folks, we do have a discount for viewers of The Wrap.

That's in the show notes.

Thank you so much for being so generous with your time, all of your knowledge, helping us all learn and get better every single week.

Probably not many, but maybe it's worth a try to start a conversation.

Speaking of conversations, on today's Big Picture, Chris Whalen will be having a conversation about the current market.

And speaking of getting the word out, with business having slowed somewhat, many companies are looking at their technology, and Chrisman Demo Day is today at 1 p.m. Eastern.

It's a fine, cost-effective way, read free, for lenders to see and hear the latest from eight companies focused on verification, point of sale, loan origination system, underwriting and decisioning, secondary marketing, customer experience, and recapture servicing, aka the journey of the borrower.

hey everyone welcome back to another episode of the wrap with chris whalen where we break down what's happening on wall street washington dc and everywhere in between and i gotta say everybody we are so thrilled to be back after taking a couple of weeks off so there's a lot to unpack in this episode we get into this idea of entering a bit of the age of uncertainty around markets.

We talk about the upcoming midterm elections.

We get into what's going on with rates as we near 5% on the 10 year and what happens if policymakers can't get control of the long end of the yield curve.

We're living in an age of uncertainty and instability in markets.

And as people realize that we're not in control of things like long-term interest rates, they're going to behave accordingly.

Chris Whalen, chairman of Whalen Global Advisors, author of the Institutional Risk Analyst blog.

Really appreciate you.

I'm so happy to be doing this again.

When you come as a tourist, you're like, who the hell are these people? What are they doing at 10 in the morning having brunch on a weekday? And it was great.

I'm connected with old friends.

And, you know, kind of helped me realize, like, you know, I got to do the things I'm good at and not the other stuff.

Like there's enough in this world to do that.

Twenty five years since Aaron.

Agreed.

I was in college at the time and the night before I stayed up a little bit too late with some friends actually talking about American foreign policy.

And so to wake up to that was was was obviously shocking.

So I don't know how to couch it, though, in terms of their business.

So we played the clip last week, which was Chris Whalen, who's a banking analyst.

And he came out and he compared United Wholesale Mortgage to Countrywide, if you remember.

And he said that what United Wholesale is doing would make Angelo Mazzillo, who is the CEO of Countrywide, blush.