Wall St. For Main St., Released on 11/4/24

During this 30+ minute interview, Danielle talks about why the global economy is already in a recession and why China is one of the main problems. Chinese consumers are drastically cutting back on luxury goods purchcses and Chinese investors are looking at gold, silver and US stocks. Danielle talks about how M2 is now falling and how US commercial banks have large losses that they are not marking to market yet. Danielle says that the Fed will cut rates more if the jobs data is bad but that they will avoid QE despite insanely large budget deficits in DC. Jason and Danielle talk about DC spending, the size of federal government budget deficits and what Warren Buffet is doing by selling shares of Apple and Bank for America for cash and US Treasuries.

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Danielle DiMartino Booth is Founder & CEO of QI Research, 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.

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. 

  economy, Fed, federal reserve, Jason Burack, QE, recession