Things are so bad, central banks are doing something never done before – Jim Bianco

Kitco News, Released on Released on 9/7/22

Jim Bianco, President of Bianco Research, discusses the outlook for the markets, and the Federal Reserve’s next moves, with David Lin, Anchor for Kitco News. Bianco noted that the Bank of England has warned that the U.k. will fall into a recession, something central banks have historically not admitted.

0:00 – Fed’s next moves
4:31 – The U.S. dollar
10:14 – BRICS reserve currency
12:19 – Europe’s energy crisis
14:46 – The Bank of England’s recession statement
16:05 – Investment implications

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).

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