Jim Bianco
Jim Bianco
Jim Biancois a critically acclaimed independent musician, singer, songwriter and producer based in Los Angeles, California...
ProfessionFilm Producer
Date of Birth25 March 1976
bad both extreme fed interest low rates understand
One thing to understand about interest rates is that they're bad in both directions. Having rates at an extreme low is bad. By encouraging them to go further, the Fed only makes it worse.
cannot fed four months move number offset push strong weak
While the (producer-price) number is positive, one number cannot offset four months of strong numbers. If we get more weak numbers, we could push the idea of a Fed tightening away, but this one number won't do it. I think that the idea that the Fed is going to move is still very much on the table.
cannot fed four months move number numbers offset push strong weak
While the PPI number is positive, one number cannot offset four months of strong numbers. If we get more weak numbers ... we could push the idea of a Fed tightening away, but this one number won't do it. I think that the idea that the Fed is going to move is still very much on the table.
changes fed greenspan mind philosophy problem
The problem with the Greenspan Fed is that it has been a 'make it up as you go along' Fed. There is no philosophy with Greenspan. He changes his mind about all of this stuff.
again average combine core federal inflation july jump justified last looks maybe problem raising rate rates reserve wages
What we can do is take the core rate of PPI and combine it with last week's 5 cent-an-hour jump in average hourly wages and say that inflation looks like it is a concern, maybe not a problem yet, but a concern. And the Federal Reserve was justified in raising rates and may be justified in raising rates again in the May or July meeting.
concerns fed filtered high higher numbers taken wage
If we were to see high wage numbers that have filtered through into higher PPI and CPI, the concerns would immediately go up that the Fed isn't going to more once or twice, but much more than that. And that would not be taken well by the markets.
consensus fed maverick move quickly september
The consensus is now quickly forming, like it did in July, that the Fed is going to move (rates), and move on September 24. But I'll be a maverick and say they won't move.
bad last market seems stock turned
Everything seems to have turned bad for the stock market just in the last 18 hours.
bonds compete looks october returns september
At some point, we will see the returns come back to bonds to compete with stocks. But it doesn't look like it's September or October of '97 for the moment. It looks like that's still a way's off.
bond bottom holding market pattern stock waiting
No one has a feel for where the bottom is. The bond market is in a holding pattern waiting to see what the stock market does.
gm industrial production rebound strike
Now that the GM strike is over, we should see a big rebound in industrial production numbers.
moving order reasons universe yields
Now that yields are moving up, all these reasons have been shoved aside, and order in the universe has been restored.
behind haven question safe worst
This week, the question is: Do we need a safe haven anymore, is the worst behind us?
direction market moving opposite stock sync
It's all about the stock market right now. They are in sync with one another in that they're moving in the opposite direction from each other.