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
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.
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It's not so much what bonds need to do. The focus is stocks and what that market does. Stocks need to re-introduce the element of risk and fall 10 percent off their highs to make bonds look good.
accustomed broken call finally greater higher market moves past percent range several start stock volatility
The volatility that we've had in the stock market is higher than we've been accustomed to over the past several months. We've now finally broken into the range where the moves are greater than 1 percent, but as long as they're not 2 percent or 3 percent, we're not in that range where you would start to call them extraordinary.
economic people strength stronger
We've got economic strength that is much stronger than most people had expected.
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Greenspan has done a good job of morphing himself into the nation's chief economic officer and chief investment officer. He's been elevated to the status where we can't cut taxes unless Greenspan says we can cut them.
behind haven question safe worst
This week, the question is: Do we need a safe haven anymore, is the worst behind us?
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.
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.
gm industrial production rebound strike
Now that the GM strike is over, we should see a big rebound in industrial production numbers.
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.
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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.
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So this continues a pattern where the economic community seems to consistently underestimate the strength in the economy.
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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.