Recession May Not Start Until Mid-2024, Jim Bianco Says

The video discusses the implications of a bond yield that is 85 basis points lower on a bond with a longer maturity, suggesting a market signal of an upcoming recession. It explains that an inverted yield curve does not necessarily indicate a worse recession but suggests a broad-based economic slowdown. The discussion also highlights Wall Street's potential misjudgment in the timing of the recession, which may unfold slower and longer than anticipated.

What might a lower yield on a longer maturity bond indicate about the market's expectations?

• An upcoming economic boom

• A potential recession or downturn

• Stable economic conditions

• Increased inflation

How does the degree of yield curve inversion relate to the severity of a recession?

• A less inverted curve means a more severe recession

• A more inverted curve means no recession

• A more inverted curve means a more severe recession

• The degree of inversion does not correlate with recession severity

What does an inverted yield curve generally suggest about the economy?

• Increased consumer spending

• Stable economic growth

• A broad-based economic slowdown

• An economic expansion

What is Wall Street's common mistake regarding the timing of a recession?

• Expecting it to happen sooner than it might

• Thinking it will be more severe than it is

• Expecting it to happen later than it might

• Believing it will not happen at all

According to the discussion, when might the anticipated recession unfold?

• Immediately

• Never

• In the next few months

• Possibly in mid to late 2024