WTFinance, Released on 7/24/25 (Recorded on 7/22/25)

On this episode of the WTFinance podcast I had the pleasure of welcoming back Jim Bianco. Jim is the is President and Macro Strategist at Bianco Research, L.L.C. During our conversation we spoke about Jim’s outlook, the international companies paying tariffs, whether Trump can fire Powell, should Powell save the bond market, stable coins and more. I hope you enjoy.

0:00 – Introduction
1:21 – Jim’s outlook
7:24 – International companies paying tariffs?
10:03 – Product inflation vs service deflation
12:35 – Immigration impact on inflation
15:02 – Can Trump fire Powell?
18:31 – Next FED Chair?
20:45 – Should Powell address bond yields?
28:43 – Step-up in deficits
31:27 – Stablecoins
36:25 – One message from conversation?

Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim’s commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim’s wide ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy, fund flows and positioning in financial markets. Prior to joining Arbor and Bianco Research, Jim was a Market Strategist in equity and fixed income research at UBS Securities and Equity Technical Analyst at First Boston and Shearson Lehman Brothers. He is a Chartered Market Technician (CMT) and a member of the Market Technicians Association (MTA). Jim has a Bachelor of Science degree in Finance from Marquette University (1984) and an MBA from Fordham University (1989).

  bonds, economy, Fed, Jim Bianco