Forward Guidance

The New Regime People Don’t Want To Accept | Jim Bianco

69 snips
Jun 4, 2025
Guest
Jim Bianco
Jim Bianco, President of Bianco Research and a renowned macro strategist, discusses the evolving post-COVID economy and its departure from traditional models. He highlights the significant impact of soft data on market perceptions, the normalization of 5% yields, and the implications of bond vigilantes on fiscal policy. The conversation also covers Trump's tariff strategy, the decline of DOGE, and shifts in global capital flows, urging a reassessment of current economic indicators and monetary policies amidst rising interest rates.
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INSIGHT

Post-COVID Economy Defies Old Models

  • The post-COVID economy breaks old models and consistently defies recession predictions.
  • Companies increased job openings even during anticipated economic downturns, proving fundamentals remain strong.
INSIGHT

Soft Data Lags Reality

  • Soft data and survey feedback lag behind real economic activity and often mislead.
  • Overreliance on narratives and political biases causes market misunderstandings and mispricing.
INSIGHT

5% Yields Are Normal Now

  • Bond yields around 5% represent a new normal reflective of sticky inflation.
  • Concerns about bond markets being 'wrong' miss that current rates align with ongoing economic realities.
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