A jet model for Galactic black-hole X-ray binaries will be presented that appears to explain several observational characteristics. In particular, it explains the energy spectrum from radio to hard X-rays, the time-lags as a function of Fourier frequency, the increase of the variability amplitude (QPO and high frequency) with increasing photon energy, and the narrowing of the autocorrelation function with increasing photon energy. On the other hand, there are additional observational constraints that no model has tried to explain yet. It is important that we all try to address these constraints if we are to make any progress in understanding black-hole X-ray sources.

Recently, we reported an observational correlation between a) the time-lag of the hard (9 -15 keV) with respect to the soft (2 -5 keV) X-ray photons in black-hole X-ray binaries (BHXRBs) and b) the power-law photon index Γ of the X-ray spectrum. This was physically explained with a simple jet model, i.e., a model where the Comptonization (the Compton upscattering of soft photons) happens in the jet. Here, we report the inclination dependence of this correlation, which we also explain with our jet model. Photons that emerge at different polar angles from the jet axis have different spectra and different time-lags. Because of this, we can explain quantitatively the type-B QPOs of GX 339-4 as resulting from a precessing jet. High Energy Phenomena in Relativistic Outflows VII -HEPRO VII