Avalanche of Job Losses, FED Driving Economy into Recession with Danielle DiMartino Booth

WTFinance, Released on 2/9/24 (Recorded on 2/5/24)

On this episode of the WTFinance podcast I had the pleasure of welcoming on Danielle DiMartino Booth. Danielle is the CEO & Chief Strategist for QI Research, a research and analytics firm. During our conversation we spoke about Danielle’s thoughts on the markets, what the recent job losses mean for the economy, whether the economy is currently on its last legs, could commercial real estate be another credit event catalyst and what this means for the FED in 2024. I hope you enjoy!

0:00 – Introduction
1:30 – What is Danielle thoughts about the economy?
3:55 – Already in a recession?
4:45 – Where will interest rates go?
6:00 – Is Powell making a mistake?
7:00 – US going the way of China?
8:40 – A job hasn’t been created until February 2023?
12:20 – Will Powell make bigger cuts?
14:10 – Is Powell looking at leading indicators?
14:52 – Any unique data points?
15:50 – Commercial Real Estate – a catalyst for another credit event?
18:40 – What would Danielle do as Chairperson of the FED?
20:43 – Cut interest rates while continuing QT?
22:22 – Which assets could perform during 2024?
25:00 – One message to takeaway from conversation?

Danielle DiMartino Booth is Founder & CEO of QI Researcha research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Lufkin & Jenrette and Credit Suisse, where she worked fixed income and the public and private equity markets. Danielle earned her BBA as a College of Business Scholar at the University of Texas at San Antonio. She holds an MBA in Finance and International Business from the University of Texas at Austin and an MS in Journalism from Columbia University.

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