Jim Bianco on Inflation, Recession and the Need to Reimagine the Economy for a New Era

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 23 July 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Chainalysis and FTX US. On today’s episode, NLW is joined by Jim Bianco, the president of Bianco Research. In this wide-ranging discussion, they talk about the bind the Federal Reserve finds itself in, the stickiness of inflation, structural economic changes post-coronavirus, and why crypto matters even when prices go down. - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io. - Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and nsubsidized gas on withdrawals. Sign up at FTX.US today. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: We Are/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:14.8	The breakdown is sponsored by nexus.com, chain aliasis, and FtX, and produced and distributed by CoinDes.
0:22.9	What's going on, guys? It is Friday, July 22nd, and today, midsummer macro continues with the one and only Jim Bianco.
0:32.2	Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,
0:36.4	give it a rating, give it a review,
0:38.2	or if you want to dig deeper into the conversation, come join us on the Breakers Discord.
0:42.8	You can find a link in the show notes or go to bit.ly slash breakdown pod.
0:47.1	Today, I am joined by someone that I've wanted to have on the show for quite some time.
0:53.3	Jim Bianco is the president of Bianco
0:55.2	research, which specializes in macro analysis for institutional investors. More than that,
1:00.8	he is just a super thoughtful, very individual thinker who's able to tread easily from
1:06.9	tradfi to crypto and back again in an incredibly coherent way.
1:11.6	This episode looks at everything from the Fed and where we got to with inflation,
1:16.4	to how politics is currently and likely to impact monetary policy,
1:20.5	to what all this crypto contagion actually amounts to,
1:23.8	and why he still has such high conviction on the space.
1:27.2	Overall, though, the theme that rings out resoundingly is a clarion call to recognize
1:31.9	that we are simply not going back to the way things were before the pandemic.
1:37.4	This is at once obvious, but also, as Jim points out, strangely, a point of contention.
1:43.0	But for that, I will let Jim explain more.
1:47.6	All right, Jim, welcome to the breakdown. It's great to have you here. Hey, thanks for having me,
	...

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