Making Markets

Jim Bianco: The New Normal - [Making Markets, REPLAY]

Apr 12, 2024

01:00:05

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Jim Bianco, Founder and President of Bianco Research, shares his contrarian views on interest rates, the impact of global events on inflation, the influence of housing inflation on the economy, and the effects of remote work on spending and inflation. He also discusses his new fixed-income ETF, Crypto, the Red Sea crisis, and the potential of DeFi to revolutionize financial services.

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Quick takeaways

Jim Bianco forecasts a bear market in bonds with interest rates potentially rising to 5.5%, driven by inflation and real growth dynamics.

Bianco highlights the potential inflationary impact of the Red Sea Crisis on global trade and supply chains, posing challenges and disruptions to goods prices.

Bianco examines the post-pandemic consumer shift towards increased spending, influenced by stimulus checks, shaping attitudes towards saving and investment decisions.

Deep dives

Contrarian View on Interest Rates

Taking a contrarian stance on the trajectory of interest rates, Jim Bianco predicts a bear market in bonds and foresees interest rates rising to potentially reach around 5.5%. Bianco's perspective is rooted in a shift in the inflation cycle towards a more persistent and higher rate environment, with a natural inflation rate hovering around 3% to 4%. By aligning nominal GDP growth with interest rate projections, he posits that the 10-year Treasury yield could reach 5.5% later in the year, driven by a combination of real growth and inflation dynamics.

Building a New Financial System

01:19

Rethinking Shipping Routes

01:24

Attitude towards Spending and Inflation

01:18

Introduction

5min

Navigating Inflation: Oil Prices and Red Sea Disruptions

35min

Exploring a Unique Fixed Income Index and Market Strategies

2min

Exploring Bond Strategy and Portfolio Management in a Changing Market Environment

4min

Navigating the Challenges of Beating Indexes in Investing

9min

Exploring the Significance of the Bitcoin ETF and Decentralized Finance

5min

Today we are revisiting this great episode with Jim Bianco, the founder and President of Bianco Research. Jim is well-known on Wall Street for providing macro analysis since the nineties. He takes us through his unique perspective on the economy. We start with his contrarian view on interest rates. We then cover the changes to the economy since COVID, such as remote work and the new consumer. We also talk about his new fixed-income ETF, Crypto, the Red Sea crisis, and more. Please enjoy this conversation with Jim Bianco.

For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE.

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Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes.

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Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).

Show Notes:

(00:00:00) - Welcome to Making Markets

(00:03:06) - First Question - Predictions on the Future of Interest Rates

(00:07:24) - The Impact of Global Events on Inflation

(00:11:03) - The Influence of Housing Inflation on the Economy

(00:17:04) - The Impact of Remote Work on the Economy

(00:28:45) - Attitude Changes on Spending and Inflation

(00:30:48) - The Concept of Revenge Travel

(00:31:53) - The Role of Stimulus Checks in the Economy

(00:34:04) - The Shift in Investment Strategies

(0042:01) - The Creation of the Bianco Research Total Return Index

(00:51:32) - The Potential of Cryptocurrency and Blockchain

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Making Markets

Jim Bianco: The New Normal - [Making Markets, REPLAY]

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Contrarian View on Interest Rates

Impacts of the Red Sea Crisis on Inflation

Shift in Attitudes Towards Spending and Savings

Market Analysis and Fed's Impact on Economy

Cryptocurrency and Bitcoin ETF Discussion

Building a New Financial System

Rethinking Shipping Routes

Attitude towards Spending and Inflation

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
& Export

AI-powered
podcast player

Discover
highlights

Making Markets

Jim Bianco: The New Normal - [Making Markets, REPLAY]

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Contrarian View on Interest Rates

Impacts of the Red Sea Crisis on Inflation

Shift in Attitudes Towards Spending and Savings

Market Analysis and Fed's Impact on Economy

Cryptocurrency and Bitcoin ETF Discussion

Building a New Financial System

Rethinking Shipping Routes

Attitude towards Spending and Inflation

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