Not A Good Time To Be Long Stocks Or Real Estate Right Now | Chris Whalen

It's a time to play defense

Despite the best efforts of Elon Musk and the DOGE team, the US fiscal deficit for 2025 is $1.3 trillion so far, the second highest six-month level on record.

And while the US at least is giving lip service to its plans to reduce its deficit over coming years, much of the rest of the world's largest economies -- like the EU and China -- are actively ramping up their fiscal spending.

All of which makes today's guest's perspective incredibly timely.

He's just released a new second edition to his book "Inflated: Money, Debt & The American Dream".

Is there a way we can stop, and perhaps even reverse the loss of purchasing power our fiat currencies are suffering from all this wanton spending?

Or, it is only going to get worse from here?

To find out, we'll ask the author himself, Chris Whalen, Chairman of Whalen Global Advisors LLC and expert on the banking, mortgage finance and fintech sectors.

He makes a strong case for why now is a time investors should take a defensive stance.

To hear it, click here or on the video below:

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Adam’s Notes: Chris Whalen (recorded 4.21.25)

EXECUTIVE SUMMARY:

• Defensive Market Posture: Chris Whalen, chairman of Whalen Global Advisors, observes U.S. markets deflating, with 2024 gains largely erased, prompting a defensive stance favoring long gold and short dollar trades amid Trump’s disruptive policies. Investors are seeking safety in yield-driven securities.

• Trump’s Calculated Volatility: Chris views Trump’s aggressive trade and tariff strategies as intentional disruptions to address long-standing issues, rating their volatility as high but expected, with half of current market turbulence attributable to the administration. He credits Trump’s team for thorough preparation.

• Inflation as a Persistent Force: Chris emphasizes inflation as a constant in U.S. history, driving his bullish outlook on