#373 Chris Whalen: Why We Could See Double-Digit Inflation, Rationing, & Fed Hikes
About this episode
Chris Whalen discusses the potential for double-digit inflation and the implications of the Iran war on U.S. politics and the economy.
In this episode of The Wrap, Chris Whalen breaks down how the Iran war situation is sinking GOP hopes for the midterms as he predicts double-digit inflation by year end driven by critical petroleum product shortages, with John Dizard warning rationing is coming to the United States for intensive products like gas turbine lubricants. Whalen explains the Fed will be forced to hike rates as early as July according to Diane Swonk, representing a dramatic shift from rate cut expectations just weeks ago, though raising rates won't help with external war-driven inflation and politics will eventually force cuts if the economy slows. He reveals real gas prices are actually low when adjusted for 15 years of dollar purchasing power loss, discusses how the politics of affordability will reshape the landscape with Republicans at risk of losing both House and Senate, and maintains his long gold position as inflation hedge while viewing silver as a commercial play on technology demand. Whalen details Kevin Warsh's strategy to shrink the Fed balance sheet while credibly cutting short-term rates by forcing markets to absorb more duration, explains why the 1970s stock market stagnation differs…
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- #371 George Noble: Fed's Hands Tied, Bond Vigilantes Waking Up, Buy the Dip Dead, Margin of Safety Thin
- #370 Chris Whalen: Why Double-Digit Inflation Is Possible, 30-Year Tops 5%
- #369 Melody Wright: 35-50% Housing Correction Needed, First Wave 10-12% Coming
- #368 Michael Pento: The i-Shaped Economy Destroying the Middle Class, $2 Trillion Private Credit Bubble, and Why Credit Markets Will Fracture First
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