Monetary Matters with Jack Farley, Released on 10/16/24 (Recorded on 10/14/24)

Jim Bianco of Bianco Research and Bianco Advisors joins Monetary Matters to share his views on inflation, the labor market, and bonds. Bianco argues that the reason the unemployment rate has gone up is because the large amount of immigration into the U.S. has increased the labor force. Bianco makes the case that inflation is headed higher and bond yields now are probably headed higher. Recorded on October 14, 2024.

00:00 Intro
01:28 Why Rates Are Up
08:16 What’s Driving Unemployment
21:02 The Labor Market’s Effect on Inflation
30:51 Strong Wage Growth
34:48 Bianco Research’s Bond Market Positioning
45:53 The Explosion of Bond ETFs
48:53 TIPS
53:08 “The Golden Age of Private Credit”
01:08:04 Banks and CRE Exposure
01:15:13 2024 Presidential Election: Who’s Better for Inflation?
01:17:55 Consumer Credit Health

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, markets, unemployment