#089 Jim Bianco On Why Inflation Will Be Problematic And There Won’t Be A Fed Pivot

Macro researcher Jim Bianco (@BiancoResearch), the president of Bianco Research, joins Julia La Roche again for a wide-ranging conversation on the macroeconomic environment.

In this episode, Bianco shares why he thinks we've seen a bottoming in inflation and that it will start to creep back up. He also explained why he doesn't see the Fed pivoting because the inflation rate is likely to be problematic. Elsewhere, Bianco explains why he's not necessarily in the recession camp.

0:00 Intro 

1:00 Macro view 

4:20 That’s not “TINA” 

6:35 Unusual market performance this year 

10:29 Thoughts on passive investing

14:00 On AI: Overhype the short-term, underestimate the long-term 

18:00 Impact of AI on finance

25:05 Might not be in the recession camp 

29:40 Did something already break? 

32:34 Sticky inflation 

36:00 Labor market is very different from what anyone thinks it is right now 

43:00 Impact on cities, commercial real estate, public transportation 

51:33 Regional bank risk 

55:15 Energy 

1:01:00 Parting thoughts