“This Is How Every Crisis Starts” w/ Jim Bianco

🧠 Capitalize on this bull market by tracking our PRO analysts' portfolios and live trades - just $1 for 7 days: https://milkroad.com/pro/?utm_medium=... ~~~~~ Markets are hitting new all-time highs. AI stocks are leading the rally. Investors are still betting on lower rates. So... what could possibly go wrong? Jim Bianco of Bianco Research joined Milk Road Macro to explain why he thinks the market might be massively underestimating one of the biggest risks in the global economy right now: energy. Jim breaks down why the Strait of Hormuz matters way more than most investors realize, how global oil inventories are getting quietly depleted, and why treating structural problems as temporary liquidity issues has been the common thread behind nearly every major financial crisis. ~~~~~ 📱Your carrier sells your data, switch to Cape and get 33% off your first 6 months with code MILKROAD: https://out.milkroad.com/Cape2026Podcast ⚡Wealth is evolving, use Nexo to earn, borrow, and trade crypto all in one secure platform: http://nexo.com/milkroad 🔮 Turn your takes into trades on Kalshi: predict real-world outcomes, and get $10 free when you trade $10: https://out.milkroad.com/Kalshi2026Po... ~~~~~ 🔧 Tools & Channels 🥛 Your Edge in Macro Investing (Newsletter): https://milkroad.com/subscribe/?utm_m... 🥛 Swap seamlessly across Ethereum & Solana: https://swap.milkroad.com 🥛 Reach ambitious investors, builders & innovators: https://out.milkroad.com/Sponsor ~~~~~ ✊ Follow Milk Road Macro on Social Media: 👉 Milk Road Macro Twitter: https://x.com/MilkRoadMacro 👉 Spotify: ⁠https://open.spotify.com/show/0QRuoqg... 👉 Apple Podcast: ⁠https://podcasts.apple.com/us/podcast... ~~~~~ 🎙 GUEST INFO 🎙 Jim Bianco: https://x.com/biancoresearch Bianco Research: https://www.biancoresearch.com/ ~~~~~ ⏱ TIME POINTS ⏱ 00:00 – Intro 01:32 – Iran Quits Peace Talks: How Will Markets React? 05:40 – Energy Shortage On The Horizon: What's The Impact? 07:41 – How The Start Of Every Crisis Occurs 11:42 – Kevin Warsh Walking Into A Hawkish Fed, What's Next? 15:40 – What Is The New Fed Chair's Stance? 17:21 – Will Warsh Reduce Fed's Balance Sheet? 21:57 – Sponsor: Cape 22:42 – Sponsor: Nexo 23:20 – S&P's Monster Rally vs The Energy Shock 26:23 – Forward Earnings Forecasts: Will They Deliver? 32:56 – How To Position Around The AI Giga IPOs 38:34 – Sponsor: Kalshi 39:16 – Portfolio Allocation Playbook For The Rest Of 2026 43:04 – Wrap-up #macro #stocks #geopolitics 📃 Disclaimer 📃 The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal, or tax advice. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. The speakers are not licensed financial advisors or registered investment advisors. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses. The speakers do not guarantee any specific outcome or profit. Viewers should consult with a qualified financial professional before making any investment decisions.