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Jim Bianco: Stop Waiting For Fed Pivot + Bitcoin Decoupling from Risk-on Assets

Coin Stories

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Cheap Energy, Cheap Labor, Cheap Goods

People are leaving in droves, not working for Foxconn making iPhones in Guangdong. That means that all of the processes that you rely upon from China, they're all in chaos right now because of zero COVID. So cheap energy, cheap labor, cheap goods, excuse me, is over with cheap energy. And only when we restructure the economy to find another source of cheap labor and cheap goods can we get back on track. But until we do that, I think we're going to have persistently high inflation.

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