Capital Account Season 1 Episode 115 Chris Whalen Shatters Consensus On US Housing Recovery and Talks 'Basel III Cliff'

In episode 115 of Capital Account season 1, Chris Whalen challenges the widely held belief that the US housing market is in a state of recovery. Whalen, who serves as senior managing director of Tangent Capital Partners and author of "Inflated: How Money and Debt Built the American Dream", discusses the problems with the metrics used to assess the health of the housing market and offers a more nuanced perspective on the true state of affairs.

Moreover, Whalen provides insight into the 'Basel III Cliff', a term used to describe the impact of the Basel III international banking regulations on US banks and the broader financial system. Basel III is intended to increase the resilience of banks and reduce the likelihood of future financial crises, but Whalen argues that the implementation of these regulations could have unintended consequences that may harm the very institutions they are meant to protect.

Throughout the episode, Whalen offers a sobering analysis of the US economy and financial system, challenging viewers to rethink their assumptions about the state of affairs. The show examines the larger questions surrounding these issues, including the role of government regulation in the financial sector and the impact of policy decisions on the economy as a whole. In a time of increasing economic uncertainty, Capital Account offers a thoughtful and nuanced perspective on the issues that matter most to investors and policymakers alike.