ITM Trading, Released on 5/7/24

Join Danielle DiMartino Booth, CEO and Chief Strategist at QI Research, as she explores the current U.S. labor market and the economic indicators pointing towards a potential recession. In this video, Danielle discusses the National Bureau of Economic Research’s role in dating recessions, the predictive power of the McKelvey Rule on unemployment trends, and the Federal Reserve’s recent policy shifts under Chair Jerome Powell.

0:00 Danielle DiMartino Booth
01:38 Recession Estimations
03:21 The McKelvey Rule
08:08 Job Gains in 2023
09:00 Top-Line Capitulation
12:45 Tandem Cost-Cutting/Bankruptcy Cycles
14:54 Underemployment Determines Income
16:12 Non-Recessionary Recession
19:55 Surpassing Long Wait Into GFC?

Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a 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.

  economy, gold, recession