Banking on the Spread

Featuring Chris Whalen

Chris Whalen, Chairman of Whalen Global Advisors, joins Real Vision to discuss the U.S. banking system and the housing market. His deep dive into Q2 earnings reveals potential headwinds facing the biggest banks. In addition, Chris reviews how Federal Reserve policy affects net interest margin, and why smaller banks are poised for outsized growth. Filmed on August 2, 2018 in New York.

Published on
8 August, 2018
Topic
Macro, Monetary policy, Housing Market, Financials
Duration
32 minutes
Asset class
Bonds/Rates/Credit, Real Estate
Rating
11

Comments

  • MM

    Mak M.

    7 10 2018 11:30

    1       0

    Excellent interview, with basic English language and not to much jargon in order for ordinary people to understand. Thank you Chris and RV!

  • LT

    Lucas T.

    29 8 2018 20:42

    1       0

    Awesome interview...you can tell this guy really loves what he does.

  • RA

    Robert A.

    14 8 2018 23:32

    0       0

    I always enjoy hearing Chris with his pithy and concise analysis. I think showing the question/topic on the screen rather than using video time to ask the question really moves things along and allows us to focus on the meat of the interview. Nice touch there Milton as it really saves a lot of back and forth time allowing us to get more content!

  • GF

    George F.

    14 8 2018 14:43

    0       0

    Since the political class is working to embarrass Pres Trump, why wouldn't they use Trump as an opportunity to raise interest rates?

  • my

    markettaker y.

    12 8 2018 01:55

    4       0

    Really impressive.... so much here to process. This is one of the meatier RV interviews around.

  • WM

    Will M.

    11 8 2018 19:22

    1       0

    Superb professional knowledge with a solid delivery and able to present the facts on credit and debt and impacts on interest rates in a short time. Thanks!

  • DS

    David S.

    11 8 2018 19:10

    1       0

    The most concerning part of this excellent video is that the Fed main directive is to keep the Dow up and not manage interest rates. Mr. Whalen is certainly correct, as QE, Twist, etc. inflated stock and some hard asset prices. When the Fed is driven mainly by political interests, it will exacerbate the bubble cycles. Not sure how far this will go, but it is certainly not good. DLS

  • MM

    Mike M.

    11 8 2018 17:12

    2       0

    Fantastic!!!

  • JD

    John D.

    10 8 2018 21:15

    2       0

    Great Presentation and Overview... I always love listening to Chris...

  • DS

    Dusko S.

    10 8 2018 09:27

    6       0

    This is in the top 5 to 10 productions I've seen on RV. Please keep Chris coming back on a regular basis

  • DR

    Daniel R.

    9 8 2018 21:36

    3       0

    More like this please

  • F

    Floyd .

    9 8 2018 21:26

    5       0

    Well done,concise,pragmatic and logical with conclusions backed up by analytical foresight. This is not what you get many times by the street analysts that are always bullish or "neutral" and won't speak critically because they might get blow back. Once again real added value by Real Vision!

  • JG

    Jory G.

    9 8 2018 14:38

    3       0

    Great interview. Plain speaking easily understood.

  • PJ

    Peter J.

    9 8 2018 08:14

    1       0

    Excellentl

  • JZ

    J Z.

    9 8 2018 03:41

    1       0

    Really impressive

  • WA

    William A.

    9 8 2018 00:26

    7       0

    Chris is an expert who is always clearly spoken and precise in his writing and speech. Such a joy. Enjoy him at www.theinstitutionalriskanalyst.com for regular commentary and interviews. Well done, RVTV!

  • DF

    Dominic F.

    8 8 2018 20:52

    0       0

    Here we go again. Misplacing risky financial assets.
    Will. They. Never. Learn?

  • TE

    Tito E.

    8 8 2018 19:46

    3       0

    I'd love to see something similar wrt the UK housing market

  • CB

    C B.

    8 8 2018 19:17

    5       0

    The last two segments in particular provide some brilliant insights. Would love to hear Chris do a deeper dive into how the Fed unwinds its balance sheet and what the ancillary impacts might be to the credit markets and financials.

  • vp

    vasilis p.

    8 8 2018 18:08

    1       0

    This is science.

  • IF

    Ian F.

    8 8 2018 17:44

    10       0

    Brilliant RV. Nicely done. So much prefer an expert who works in industry over a generalist hedge fund manager, with no hands on experience, and a 30,000 foot view that is completely worthless.

  • BM

    Bryan M.

    8 8 2018 17:42

    5       0

    Wow!! What a treat it is to listen to someone who "really" knows their subject. Only trouble is...he packed an hour's worth of information into 30+ minutes so now I must go back for a second listen...as I know I missed a lot.

  • BI

    Bob I.

    8 8 2018 17:21

    1       0

    Chris is the absolute best
    Bank analyst on the street. Bar none.

  • rr

    rlw r.

    8 8 2018 17:18

    3       0

    RV well done, please arrange to have Chris regularly - he’s very good.

  • KS

    Karen S.

    8 8 2018 15:29

    3       0

    brillant

  • JC

    John C.

    8 8 2018 14:46

    1       0

    very good. Great commentary on the US housing market too

  • MM

    Mike M.

    8 8 2018 13:44

    32       0

    Chris knows the Banks like no one else. 31 minutes of excellent content.
    Would like to see Chris quarterly for an update on this industry.
    Best regards,
    MJM

  • PB

    Pieter B.

    8 8 2018 12:58

    7       0

    Thanks a lot Chris! You have amazing knowledge of the banking sector!

  • PU

    Peter U.

    8 8 2018 12:40

    4       0

    whoever gave Chris thumbs down, please provide an explanation as to why? Thank you.

  • PU

    Peter U.

    8 8 2018 10:27

    1       0

    Chris is always on the mark.

  • YB

    Yuriy B.

    8 8 2018 09:58

    39       0

    This is why I subscribe to Real Vision: for the opportunity to hear a highly intelligent person with deep understanding of an opaque industry explain in simple language what the f&#% is going on there.