The David Lin Report, Released on 12/17/25

Jim Bianco, President of Bianco Research, warns the Federal Reserve is making a dangerous policy error by cutting rates into persistent 3% inflation, expects stock market returns to normalize, and predicts precious metals will continue surging while cryptocurrency has lost its disruptive purpose by seeking traditional finance approval.

0:00 – Intro.
1:45 – AI spending bubble
4:50 – “Indicator Blackout Period”
6:40 – Labor market
8:32 – Deportation
10:45 – Inflation
15:39 – Housing
18:45 – Prediction markets: The Fed Chair
22:44 – Inflation
28:36 – Risk-on outlook and Bitcoin
33:33 – Tokenization
35:29 – Bitcoin outlook and adoption case
38:34 – Precious metals
40:36 – Highest conviction assets

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).

  economy, investing, Jim Bianco