Today's topics include record job openings, a history lesson: August 2011, the Fed's balance sheet, Powell's odds of a second term, investors expect unrealistic returns, CFA level III pass rate plummets to lowest ever, crypto loses battle in DC, and CBDCs.
Jim Bianco joins Fox Business to discuss the COVID-19 Delta Variant and Cryptocurrencies Jim Bianco: The Fed’s Survey of consumer finances for July was released today. Inflation expectations are continuing to go higher. Ben Breitholtz: Are these coincidental with realized CPI? Any predictive power? Seems like these jumped as a result of CPI releases, no?… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – August 9th, 2021
Signs are emerging that Asia is restricting economic activity. Despite an uptick in cases, little has changed so far in the U.S.
The market is unimpressed by a record beat rate. Is this was expected all along?
Today's topics include wages & inflation, explaining low yields, housing's effect on inflation, China's economy, consumption vs. investment, the debt ceiling, and CBDCs & stablecoins.
Jim Bianco: *U.S. JULY PAYROLLS INCREASE 943,000; EST. 870,000 *U.S. JULY UNEMPLOYMENT RATE FALLS TO 5.4% VS 5.9% (ADP way way off again) Ben Breitholtz: Non-seasonally adjusted NFPs was -133k for July, so was the seasonal adjustment huge?! Colleague: “substantial further progress” Ben Breitholtz: Waller will be happy. Colleague: Taper in Sept ? or announced… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – August 6th, 2021
This month's payrolls beat of 943k jobs brings the Fed one step closer to 'substantial further progress'.
Today's topics include funds balloon in AUM, betting against Wood, energy shocks, thinking about wage raising wages, retail mania heads to China, and thinking about CBDCs and stablecoins
Those aged 60+ consistently have higher inflation expectations than those under 40.