The Julia La Roche Show, Released on 7/4/26 Chris Whalen kicks off the July 4th episode of The Wrap by diving into private credit implosion with BDCs turning unprofitable, using the acronym POOP (Principal on Outstanding Principal) to illustrate how debt is being converted to equity because companies can’t pay—essentially turning investors into equity holders […]
The Julia La Roche Show, Released on 6/27/26 Chris Whalen joins Julia La Roche on this week’s episode of “The Wrap with Chris Whalen” to break down what he calls a “slow motion train wreck” in private credit, where public and private funds alike are getting hammered with redemption requests just as the firms behind […]
The Julia La Roche Show, Released on 6/20/26 Chris Whalen is back for The Wrap after his fishing trip in Maine, where he caught a 21-inch smallmouth bass! He’s very positive on Kevin Warsh’s “less is more” approach at the Fed—no forward guidance, likely removing the dot plot, and refocusing on letting the numbers speak […]
The Julia La Roche Show, Released on 6/6/26 In this episode of The Wrap, Chris Whalen reveals an “explosive” John Dizard interview dropping next week on rationing of synthetic lubricants for turbines and hybrid cars before the midterms, while the Trump administration stays blind to the supply crisis from destroyed Persian Gulf refineries. Markets are […]
Liberty and Finance, Released on 5/30/26 Chris Whalen warns that geopolitical disruptions involving Iran and the Strait of Hormuz could drive supply shocks strong enough to push US consumer inflation into double digits. He argues these inflation pressures are not primarily monetary in origin, but instead come from physical shortages in energy, fertilizer inputs, diesel, […]
The Julia La Roche Show, Released on 5/16/26 In this episode of The Wrap, Chris Whalen breaks down Kevin Warsh’s confirmation as Fed chair and explains why this represents a dramatic shift from the progressive, statist Fed created by Mariner Eccles in the 1930s to a supply-side approach. Whalen reveals that Fed chairs have enormous […]
The Julia La Roche Show, Released on 5/9/26 In this episode of The Wrap, Chris Whalen breaks down what Kevin Warsh’s arrival at the Fed actually means in practice — significant personnel changes, new models, and what Chris calls nothing short of an “earthquake at the central bank.” Chris explains why there will be no […]
The Julia La Roche Show, Released on 4/11/26 Chris Whalen says the US has no vision of victory in Iran — like Afghanistan and Vietnam, we went in without knowing what winning looks like and are now backing down without reopening the Strait of Hormuz. The Trump administration went from threatening to destroy Iranian civilization […]
