The Julia La Roche Show · Saturday, September 12, 2026
Chris Whalen states that $100 a barrel for oil and 5% on the ten-year treasury are becoming the new normal. He attributes this shift to global factors like the Ukraine-Russia conflict impacting supply and suggests that consumers and those in the housing market will need to adjust to higher financing costs.
“So I think we're in a world where not only things like oil prices, but also interest rates are going back to quote unquote normal after 15 years of the Fed and other factors keeping these prices down.”
“So, for example, we're at 5% on the ten-year treasury now. I think that's going to be normal. And I think people who work in my world and housing are going to have to get used to that world. And indeed, I think consumers are going to have to get used to that world. The cost of buying a house and financing it is going to be higher.”