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Podcast: The Julia La Roche Show
Episode: #297 Jim Bianco: Markets at All-Time Highs - So Why Is the Fed Cutting Rates?
Description: Jim Bianco, president of Bianco Research, returns to The Julia La Roche Show for episode 297 for an in-studio appearance. Bianco argues the Fed is making a policy error by cutting rates when financial markets are at all-time highs across the board—stocks, gold, bonds, M2, and home prices. He explains that job creation has slowed from 158,000 to 29,000 per month not because the economy is weak, but because immigration has essentially stopped, reducing population growth to an 80-year low—meaning 29,000 jobs may actually be appropriate. Bianco warns that cutting rates in this environment risks recreating inflation through two key channels: tari...