So my good buddy Jim Bianco who I have a tremendous amount of respect for comes out on

CNBC and just makes this unbelievable prediction. We're going to get into it in just a moment. Before we do, Jim, if you're

watching, I sincerely apologize for using that thumbnail. I swear that was a

pre-plan. I was just watching the video interested in what you had to say I press pause and sure enough it

froze right on that frame so I said to myself I love Jim but I got to do it I got to use this picture as the thumbnail

so anyway Jim mad respect I love you buddy.

Just having some fun with it. So anyway, let's get into what Jim was saying on

C. M. C. Because as usual, he gives us some incredible insights. There we go.

Markin and Bonds is now in year four and shows no signs of slowing.

Joining us this morning, Bianco Research President Jim Bianco, Jim, it's great to have you.

I wonder if you think the data is going to play, given at least what

Joltz said today. Yeah, well, let's keep in mind too that July data that we just got, you know, a month ago was very strong, and that's why things like the Atlanta Fed GDP

were talking about 6% GDP for the third quarter.

Now we get the first set of August data in some some lagging July data you know and I'm thinking more along the lines of the consumer confidence number took a big dive and the jolts number took a dive and the market predictably gets excited about data that comes in well off of consensus and in this case it was weaker.

So we had some stronger data and now we have some weaker data right now.

But I think the trend in the economy is still stronger, and I think that's going to keep pushing on inflation, and that's going to keep the trend in interest rates up.

Remember?

So here is where I just have a different view than Jim.

If the yield curve was not inverted, I would totally agree.

That would make sense to me.

But I think you're just ignoring the elephant in the room.

When we talk about the economy

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