Economy In Peril? Why Unemployment Is Soaring; Fed To Cause More Damage | Jim Bianco

Jim Bianco, President of Bianco Research, discusses the health of the labor market, what's really driving the unemployment rate up to a 3-year high of 4.3%, the Fed's next moves, the outlook for stocks and bond yields, and Bitcoin.

*This video was recorded on August 1, 2024

0:00 - Intro

0:50 - Fed cut by September

3:00 - Labor market

14:30 - Fed's mistake

19:15 - Stock market rotation

25:56 - AI bubble

30:40 - Bond yields outlook

36:55 - Bullish stock sectors

38:15 - Bitcoin strategic reserve