Jack interviews Jim Bianco of Bianco Research at Blockworks’ Permissionless event in Austin. Filmed on September 12, 2023. Follow Jim Bianco on Twitter / biancoresearch Follow Jack Farley on Twitter / jackfarley96 Follow Forward Guidance on Twitter / forwardguidance Follow Blockworks on Twitter / blockworks_ ____ Timecodes: 00:00 Introduction 03:29 No Rate Cuts If Oil Prices Stay High 06:28 Jim Bianco: The Recession Already Happened In 2022 15:11 What Is Appropriate Level On Interest Rates (And Bond Yields) For U.S. Economy? 24:59 A "Garden Variety Recession" Hasn't Occurred In Many Decades 33:28 Household's And Corporates' Terming Out Of Debt In 2020 34:41 Mortgage Market Is Hurting Banks 42:55 Fixed-Income Outlook: Duration Vs. Credit 45:37 Jim Bianco: Macro Will Be A Headwind For Crypto 51:54 Increased Regulatory Scrutiny For Crypto