Chris Whalen joins us to explain why he expects the Federal Reserve to restart money printing even as energy shortages drive prices higher. He argues that the Fed will have to abandon its 2% inflation target, prioritize employment, and buy more government debt, further weakening the dollar’s purchasing power.
We discuss his outlook for gold’s return as a central reserve asset, rising borrowing costs, and the risks building inside private credit and private equity. Chris explains why he believes pension funds, insurers, and annuity holders face exposure to investments whose problems remain hidden from public view.
The conversation also covers America’s unfunded obligations, the potential economic consequences of the Iran war, and why higher interest rates don’t automatically mean cheaper homes.
