Chris Whalen shatters consensus on US housing recovery and talks “Basel III cliff”
We talk to Chris Whalen, senior managing director of Tangent Capital Partners, about the impending economic threats and he gives us a reality check and tells us why housing is not necessarily the answer. We lso discuss how implementing Basel III and increasing capital requirements might lead to decreased lending and a US recession. Then, student loan debt has surpassed $1 trillion, according to WSJ. Part of that mounting college debt comes from increased University budgets, as administrative costs soar. Are universities' bloated bureaucratic budgets the problem? Lauren and Demetri discuss why professors are revolting in today’s Loose Change. Plus, "Pepsi Special," marketed as a fat-blocking soda, contains "indigestible dextrin," a dietary fiber that helps reduce the amount of absorbed fat. Lauren and Demetri discuss how this deflationary soda contributes to Japan’s deflationary economy.