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Real Vision: Finance & Investing

Are people evacuating soft landing island?

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.11.1K Ratings

🗓️ 25 February 2023

⏱️ 32 minutes

🧾️ Download transcript

Summary

U.S. stocks tumbled and treasury yields jumped after data showed the Federal Reserve’s favored measure of inflation- the core PCE price index- rose more than expected last month. Jim Bianco, President of Bianco Research joins Maggie Lake to talk about the current battle with inflation, how the Fed is handling the fight and what’s coming later in 2023. In the second half of the show, we’ll dive into credit markets and answer your questions! Plus, we’ll get a peek into the latest episode of My Life in 4 Trades featuring Mike Green. He says beware of the liquidity trap in this current economic environment. That interview will be released on Monday. Don’t miss it! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

At TFL, we're making journeys safer for everyone, and that includes improving safety on London's

0:06.5

roads. That's why we and London boroughs are lowering more speed limits to 20 miles per hour,

0:12.4

because 20 miles per hour roads have already reduced collisions resulting in deaths or

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serious injuries by 24%. That is how we're making journeys in London safer and brighter for everyone.

0:24.8

Search TFL Improvement Plan to the Mayor of London and TFL every journey matters.

0:32.4

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0:37.1

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0:44.2

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0:49.2

Join the real vision community and learn how to become a better investor.

0:52.3

I'm now to the top analysis of today's markets.

1:03.1

Is it time to evacuate soft landing island? Hi everyone, welcome to the real vision

1:08.3

daily briefing with me today's Jim Bianco president of Bianco Research. Hi Jim.

1:13.2

Hello, how are you Maggie? I'm doing so well and so happy to have you here on this Friday

1:18.5

extended daily briefing. We're going to be here for the hour. So drop your questions in the chat

1:24.0

for Jim. We'll get to as many as we can. And if you want to stay for the second half, remember

1:28.0

a scan that QR code and come over and join our community. So Jim, oh, a little bit of a tough

1:34.7

end of the week here. We had that PCE data drop and the markets just followed soon.

1:41.6

Yeah, there's no way to sugar cut this. The PCE data today that dropped was bad.

1:47.8

It was bad. It was Jay Powell's worst nightmare. First of all, it beat on a big way. One of the

1:56.1

beats was we were expecting 4.3% on core PCE and it came in at 4.71. That's huge. That number

2:04.8

is usually kind of boring. It never really beats or misses that it beat by a big way.

2:10.2

Jay Powell's favorite metric. I just tweeted this out a few minutes ago. So it's on my Twitter feed.

...

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