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.

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

What does the market anticipate regarding economic slowdown?