#416 Chris Whalen: Cheap Credit Is Over, K-Shaped Economy Becoming an L, Long Energy & Short Financials

Podcast: The Julia La Roche Show · Julia La Roche

Opublikowano: 2026-10-03

The Wrap with Chris Whalen is back after a weak jobs report, with just 29,000 jobs added against expectations of 90,000, and long-term yields still elevated. Chris argues that rising bond yields reflect real inflation running in the mid-to-high single digits, well above the official numbers, and that the era of Fed-suppressed rates that began in 2008 is over. He expects the Fed to hold in October and possibly hike in November, and makes the case that Powell gave Trump nearly everything he wanted while incoming Chair Warsh is a hawk. Chris explains why $8–9 diesel and high replacement costs mean building more ho...