On today's episode of "On the Margin," Jim Bianco of Bianco Research joins the show for a discussion on inflation. Arguing that we are "entering an era of persistent inflation", Jim walks through the biggest winners in this market environment. After correctly predicting the Fed's hawkish stance ahead of most analysts, Jim shares his thoughts on the bond market pricing in a pivot throughout 2023. Jim goes on to walk through the bond market turmoil with the worst H1 performance being recorded since 1787. Finally, Jim speaks on the contagion in crypto comparing the differences between DeFi protocols and CeFi lenders. But to hear that, you'll have to tune in! -- Follow Jim: https://twitter.com/biancoresearch Follow Mike: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/Blockworks_ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Referenced In The Show: Intel CEO Pat Gelsinger vents about Ohio chip plant delay: 'It's such a pivotal moment. Please don't dither in Congress.' ceo-on-ohio-chip-plant-delay-please-dont-dither-in-congress.html">https://www.cnbc.com/2022/06/28/intel-ceo-on-ohio-chip-plant-delay-please-dont-dither-in-congress.html Walmart Says Reducing Inventory Glut Will Take 'Couple Quarters': https://www.bloomberg.com/news/articles/2022-06-03/walmart-says-reducing-inventory-glut-will-take-couple-quarters Russell Clark: Brace For Structurally Higher Inflation: https://www.youtube.com/watch?v=VfdFNVsf2t0 -- Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks serves over 725 financial institutions, has secured the transfer of over $1.5 trillion in digital assets, and has a unique insurance policy that covers assets in storage & transit. For more information, please visit https://onthemargin.link/fireblocks -- Listen to this episode on Apple or Spotify. Apple: https://tinyurl.com/mry8y4k3 Spotify: https://tinyurl.com/3vnnkrkw -- (00:00) Introduction (02:00) "The Fed's Credibility Is On The Line" (05:55) Entering An Era Of Persistent Inflation (15:00) Which Assets Win When Inflation Hits? (24:45) Fireblocks Ad (26:02) The Bond Market Expects A Pivot In 2023 (35:30) Contagion In Crypto (47:05) Could Stablecoins Cause Systemic Risk? (55:55) Final Thoughts -- Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.