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Jim Bianco and Harry Melandri discuss all things macro at the MI2 Partners Global Macro Summit
President of Bianco Research, Jim Bianco and MI2 Partners Advisor Harry Melandri discuss all things macro in this conversation filmed at the MI2 Partners Global Macro Summit in Vail on September 28, 2023.
Jim highlights the importance of the labor market in a post-2020 world and all the knock-on effects of the end of the traditional 5-day work day world.
"'Let's remember what the major problem is, it's a cycle shift in preferences and in the way that we view things that's really driving this, not that everything was fine and we just piled on interest rates."
“Rebalance” is a code word for going back to normalizing AKA back to the 2019 cycle of regular 5-day office workday world, a neutral interest rate world. If we’re not, and 2020 marked a cycle change and work from home accelerated things.”
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