MacroVoices #445 Jim Bianco: Still No Landing, and Inflation is Not Transitory

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 12 September 2024

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

MacroVoices Erik Townsend & Patrick Ceresna welcome back, Jim Bianco. They’ll discuss why Jim thinks the Fed has become political and risks a policy error, they also cover long-term inflationary trends, the role of precious metals in today's economy, and more. https://bit.ly/4d372MT ⚫ Follow Jim Bianco on X: https://www.x.com/biancoresearch🔻Download Big Picture Trading Chartbook: 📈📉: https://bit.ly/3z6celr ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/3WbYmgH 🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/ 🔴 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1 🔴 Check out Nick's YouTube channel: https://www.youtube.com/c/Optionfinity ✅ Visit OptionFinity: www.optionfinity.com ✅ Join OptionFinity discord: https://discord.gg/Rvnsv6Y 🔴 Subscribe to Nick’s Medium: https://medium.com/@ngalarnyk Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

Transcript

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0:00.0	This is macro voices, the free weekly financial podcast targeting professional finance, high net worth
0:14.2	individuals, family offices, and other sophisticated investors. Macro Voices is
0:19.8	all about the brightest minds in the world of finance and macroeconomics telling it like it is,
0:25.6	bullish or bearish, no holds barred.
0:28.3	Now here are your hosts, Eric Townsend and Patrick Sorezna.
0:40.0	Macro Voices episode 445 was produced on September 12th, 2024. I'm Eric Townsend.
0:42.0	Bianco Research founder Jim Bianco returns as this week's feature interview guest.
0:46.6	Jim says it's official.
0:48.4	The Fed has become political and risks a policy error. Jim also says the low for the 10-year could already be in,
0:56.0	despite all the rate cuts purportedly on deck for the rest of the year.
1:00.0	We'll also cover secular inflation, precious metals, and much more.
1:05.8	And I'm Patrick Serresna with the macro scoreboard week over week, as of the close of Wednesday,
1:10.0	September 11, 2024.
1:12.4	The September S&P 500 futures up 56 basis points trading at
1:16.3	5561. The market is in a holding pattern into next week's FOMC. We'll take a
1:21.8	closer look at that chart and the key technical levels to
1:24.1	watch in the post-game segment.
1:26.4	The US Dollar Index up 44 basis points, trading at 10172, the October WtI crude oil contract down 273 basis points, trading at 6731.
1:38.5	Another leg of selling, bringing it towards its multi-year lows.
1:42.3	We'll take a look at that chart in the post game and
1:44.2	Eric will have the EIA inventory data. The October Arbob Gasoline down
1:49.4	306 bases points to 190 following oil lower the December gold contract up 63
	...

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