We've heard it over and over again, Covid-19 has plunged us into a crisis like none other we’ve experienced in our lifetime. Although it is primarily a public health issue, it is also having a major impact on the global economy and financial system. Many businesses have been forced to shut down sparking debates on whether this is supply or demand shock.
Wall Street proclaims that any increase in economic activity is a good sign. However, Jim Bianco, President and Macro Strategist at Bianco Research, says a return to 90% of pre-crisis level will still not be enough to recover. Bianco Research is a Chicago-based firm that provides research and analysis for institutional finance. Jim started to take serious notice of the Covid-19 outbreak back in January. Since then he has been sharing his views on the long- term, macroeconomic consequences of the pandemic. He brings an enormous amount of clarity and insight into this issue.
Topics covered in this episode:
Jim’s background on Wall Street and how he transitioned into researchWhy he was so early to talk about the pandemic and the crisisThe lessons learned from this pandemic and what’s nextWhat long-term economic and societal trends we can expectThe FED: their response, the effects on the economy and where we go from hereJim’s views on UBI and the legitimacy of taxes if states can just print moneyThe US debt problem caused by the slowing of international tradeThe US dollar as a reserve currency and how it could be displacedThe prospect of crypto-based reserve currencies and the disruption of central banksHow close are we to Crypto and Bitcoin becoming an asset class in the traditional finance systemJim’s visions for the post virus worldEpisode links:
Bianco Research“Is the Fed Making it Better?” Reset Everything TalkJim Bianco TwitterBianco Research YoutubeWTF Happened In 1971?Mainnet 2020 – Messari's Flagship Crypto Event (June 1 to 3)Free tickets to Web 3.0 Forum (June 8 to 10)Sponsors:
Least Authority: Learn how Zero-Knowledge Access Passes can help you build a more privacy-minded business by disconnecting payment and user data. - http://www.leastauthority.com/zkapsThis episode is hosted by Sebastien Couture & Brian Fabian Crain. Show notes and listening options: epicenter.tv/342
Illia Polosukhin: Near Protocol – From AI to High-Throughput Blockchain
Isidoros Passadis: Lido DAO – Staking Decentralisation for Ethereum and LSTs in DeFi
Epicenter - 10-Year Anniversary Livestream
Aki Balogh: DLC Link – Self-Wrapped Bitcoin (dlcBTC)
Yat Siu: Animoca Brands – From NFTs & Blockchain Gaming to the Open Metaverse
Marek Olszewski & Rene Reinsberg: Celo – The Mobile-First High-Throughput Blockchain
Rand Hindi: Zama - Fully Homomorphic Encryption in Blockchain Applications & Privacy
Ye Zhang: Scroll - EVM-compatible ZK rollup
Charles d'Haussy: dYdX V4 - Decentralised Perpetual Exchange on a Cosmos Appchain
Nick Johnson: ENS - Multichain ENS Domains and Decentralised Identities
Simon Harman: Chainflip - Native cross-chain AMM
Guy Young: Ethena - USDe Synthetic Dollar via Delta-Neutral Staked Ethereum Hedging
Evgeny Yurtaev: Zerion - Web3 Wallet UX 2.0
Niklas Kunkel: Chronicle – Ethereum's First-Ever Oracle
Elias Simos: Rated Network - Reputation for Machines = Transparent Blockchain Infrastructure
Misha Komarov: =nil; Foundation – The Marketplace for ZK Proof Generation
Robbie Ferguson: Immutable - The Web3 Gaming one-stop-shop
Stani Kulechov: Lens Protocol – Decentralised Social Media Primitive
Stephane Gosselin: Frontier Research - Solving Ethereum's MEV Problem
Marko Baricevic: Cosmos SDK - The Internet of Appchains
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast