The Bumpy Road to Reopening, Long-Term Supply Shortages, and Inflation ( w/ Jim Bianco)

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 16 April 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Apr15,2021: Real Vision managing editor Ed Harrison welcomes back Jim Bianco, president of Bianco Research, to discuss the newest release in the weekly jobless claims data, comparing the vaccine roll-out in the U.S. to other countries, and how we are on the precipice of inflation. Bianco points out how, even though jobless claims fell to the lowest level since the pandemic, the question of job growth is trickier to address as enhanced benefits seem to be deterring people from seeking out work. He also considers how the level of COVID-19 infections and the pace of vaccine roll-outs both differ between the U.S., Europe, and Asia, which means that globally, the reopening is much further away. Bianco and Harrison also address how supply chain disruptions may feed into inflationary pressures, how new methodology may have an impact on CPI metrics, earnings expectations for this year, and Bianco’s thoughts on the trajectory of the bond market and rates. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Strong numbers out of the U.S. is it supportive of equities.
0:16.6	Also it seems like momentum is shifted away from value and toward growth.
0:21.2	Is that true or is it not true?
0:23.5	And behind that shift are bond yields.
0:26.9	Is this a short squeeze in the making, Jim Bianco, president of Bianco Research is with
0:31.7	us to break that all down.
0:34.0	Welcome back to the Real Vision Daily Briefing, Jim.
0:36.5	Oh, thanks for having me.
0:38.9	You know, we're supposed to, it says I'm in Washington, DC, but actually I'm not, I'm
0:42.8	really in Bethesda.
0:43.8	I'm just outside to see, are you really in Chicago right now?
0:47.8	Yes, I am really in Chicago.
0:49.4	I could walk to Ridley Field in about 15 minutes when I say I'm in Chicago.
0:53.6	Oh, yeah, very nice, very nice.
0:56.4	Well, you know, it's speaking of nice, we had some nice numbers that came out this morning.
1:02.2	Very strong numbers across the board.
1:03.9	I think there were three or four things I was looking at.
1:05.8	There was the Philly Fed, the Empire manufacturing.
1:10.0	There was the jobless claims number and then there was a fourth number.
1:15.8	I'm forgetting off the top of my head now.
1:19.7	There were, oh, it was retail sales.
1:21.3	There were all very positive ahead of expectations.
	...

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