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A ‘Stiff Correction’ For Markets In 2022? | Jim Bianco: Fed Culpability & SEC Crypto Crackdown (PT2)
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A ‘Stiff Correction’ For Markets In 2022? | Jim Bianco talks about Fed Culpability & SEC Crypto Crackdown.
Our interview with macro researcher Jim Bianco continues here in Part 2, where Jim offers his assessment on the likelihood of a coming correction, as well as which asset classes he favors for the current market environment.
He also has a lot more to say about the Federal Reserve as well the breaking developments regarding the SEC’s tighter stance on cryptocurrencies. Jim thinks SEC Chair Gary Gensler and US Treasury head Janet Yellen are starting a crackdown on Bitcoin and its counterparts in preparation of a CBDC (digital dollar or FedCoin)
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
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