Monetary Metals, Released on 12/4/23
Danielle DiMartino Booth of Quill Intelligence is back to discuss important economic indicators and their potential impact on the financial markets. Danielle highlights concerns about the rising unemployment rate signaling a recession, why the stock market remains high, and the flight to safety trade into T-bills. Danielle also expresses skepticism about CBDCs, gives arguments for owning gold, and her odds on the likelihood of a Powell coup.
[00:00:00]: Danielle DiMartino Booth
[00:00:19]: Unemployment Rate
[00:02:29]: Recessions
[00:04:23]: Impact of Higher Interest Rates
[00:05:26]: Comparison with 2008
[00:07:34]: Interest Rate Cuts
[00:08:24]: Inflation and Deflation
[00:09:21]: Gold’s Performance and Market Fluctuations
[00:10:29]: Flight to Safety and Treasury Bills
[00:11:40]: Impact on Stock Market
[00:12:50]: Impact on Average Joe
[00:14:08]: Banking Sector
[00:15:48]: Mark-to-Target Accounting
[00:16:32]: IT’S QE!!!!!
[00:17:52]: Where to get data
[00:19:42]: Powell Coup
[00:22:28]: CBDC
[00:24:07]: Displace the Dollar?
[00:25:23]: Quill Intelligence
[00:26:05]: Subscribe!
[00:26:11]: Passive Income in Gold
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.