which one would be, jim bianco? that is a tough one, because i wanted to go 3.5%, so i will grow closer to 4%. gargi: closer to three. jonathan: bob michele, final word. bob: closer to 3%. jonathan: thank you. from new york city, that does it from us. we will see you at the same time, same place next week. this was bloomberg "real yield." this is bloomberg tv. ♪ mark: welcome to the bnn bloomberg audience. i'm mark i'm done with first word news. speaking from delaware, president biden was asked whether he will be visiting saudi arabia, despite having vowed to make the country a "pariah." pres. biden: there is a possibility i would be going to meet with the israelis and the arab countries at the time, including saudi

will become a market moving event with us for final thoughts collin martin, charles schwab, and jim bianco in a on the u.s. 10 year, yes or no. collin: yes. jim: that would have bent yesterday, so i will go with no. meghan: no. jonathan: on high-yield spreads, 500 basis points at the close yesterday, what comes first, 600 or 400? jim: 600. collin: 600. meghan: 600. jonathan: fed funds, by year end, 1, 2, 3, 4? meghan: three. collin: three. jim: three. jonathan: thank you very much. from new york, that does it for us. this was bloomberg real yield. this is bloomberg tv. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.™ so many people are ov

jim bianco not buying it. he will be here. why ignoring what is important to main street is how main street media keeps us divided as a nation. the new meme stock frenzy report. turns out to be about 138 pages of disappointment. my take on what retail investors should be demanding right now. all that and so much more on "making money." ♪. charles: all right. so we begin the week, let's call it cautious optimism, right? after that classic bear market bounce last week, the move i don't know slight shifts of opinions on the fed, maybe their ability to engineer a soft landing. a smatter of the signs out there the economy is certainly slowing, some on the supply side which of course the fed has no control over. some of that stuff is abating. this morning the s&p, they lowered their gdp estimate, now just 1.6%. they're forecasting low growth recession next year. they think the unemployment rate will climb 70 basis points to 4.3% again by the end of 2023 the question, is recession inevitable? if so, what does it mean for the market?

"outfront" now, jim bianco, economic analyst and president of bianco research. w big a deal would it be at this point for the fed to do this, to come out and raise interest rates by 3/4 of a percentage point? >> it will be a big deal, because they're signaling that they're going to get aggressive on interest rates. tomorrow's expected rate hike of 3/4 of a% percent is not alone going to be the difference maker but if it's the start of more such hikes and the market does expect the next meeting in july they're going to do it again, that the cumulative of all of that should have some very powerful action on the economy. >> i mean, you know, if you think about it, right, within a month, a 1 1/2% increase in the base rate, is a pretty stunning thing and in the context of recent years where interest rates haven't even been things people had to think about. these numbers are enormous. they're also enormous objectively within the context of 30 years of history. but even these kinds of increases, given what we're seeing on inflation, it might take even more. right? to st

joining me to discuss we've got bianco research president, jim bianco.ople with high levels of dopamine love to engage in behavior like rollercoasters and skydiving. for everyone else though this looks scary as all get-out. how frightened should we be? >> we should be some concerned because what the fed is doing is they're removing reserves from the banking system. that's what the decline in the balance sheet will mean. they've never attempted it on the scale that they have. they've modeled it, which is a fancy way of saying they put numbers in a spreadsheet and said okay i think it's going to be fine. we can only hope that it's going to turn out that way, so this is an untested experiment so yeah, we've got a right to be a little bit concerned about it. charles: yesterday, janet yellen joined jay powell admitting okay she was wrong on inflation and that at the time, she didn't understand the shocks from energy and food prices. of course you understood them, you came on the show over and over and a lot of folks knew back then, of course you're not the tr

. >> "outfront" now, economic ana ana analyst jim bianco.e're talking about price increases that have not been seen in a generation and if anyone has recollection of those dates i was mentioning, you know, that was some of the worst inflation this country has ever seen. right? in the end of the 1970s, beginning 1980s, had more surging double digits, well above because of the horrific inflation that was seen and a lot of these prices we're seeing no at a higher increase than they were even then. so just how bad is it right now? >> oh, it's bad. let's remember what inflation is. it's a loss of purchasing power that affects every single person in the country. it affects elon musk, space x, tesla, affects people on public assistance, affects everybody in between. that's the thing about inflation. unemployment affects a couple% of the population and it's very unfortunate that when they lose their job but it doesn't affect everybody. so when you think about it in those terms, this is why the inflation rate is such a big deal. and i might add, whil

jim bianco not buying it. he will be here.