The Bumpy Road to Reopening, Long-Term Supply Shortages, and Inflation

Published on
April 15th, 2021
Duration
32 minutes

Signs of Trouble in the Bank Earnings “Blowout”? Plus Coinbase’s Debut


The Bumpy Road to Reopening, Long-Term Supply Shortages, and Inflation

Daily Briefing ·
Featuring Jim Bianco and Ed Harrison

Published on: April 15th, 2021 • Duration: 32 minutes

Real Vision managing editor Ed Harrison welcomes back Jim Bianco, president of Bianco Research, to discuss the newest release in the weekly jobless claims data, comparing the vaccine roll-out in the U.S. to other countries, and how we are on the precipice of inflation. Bianco points out how, even though jobless claims fell to the lowest level since the pandemic, the question of job growth is trickier to address as enhanced benefits seem to be deterring people from seeking out work. He also considers how the level of COVID-19 infections and the pace of vaccine roll-outs both differ between the U.S., Europe, and Asia, which means that globally, the reopening is much further away. Bianco and Harrison also address how supply chain disruptions may feed into inflationary pressures, how new methodology may have an impact on CPI metrics, earnings expectations for this year, and Bianco’s thoughts on the trajectory of the bond market and rates.