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
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.
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.
economic people strength stronger
We've got economic strength that is much stronger than most people had expected.
bonds element fall focus highs market percent risk stocks
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.