Kitco News, Released on 11/6/23

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Danielle DiMartino Booth, CEO and Chief Strategist at QI Research, who says that the U.S. is already in a recession and markets are ignoring the risk of a government shutdown next week. DiMartino Booth also discusses the pitfalls of a dysfunctional Congress and reveals a political development that would give her hope in this election cycle.

00:00 – Intro
00:30 – The Fed is finished
02:55 – The damage has been done
04:55 – When does the pain really hit the economy?
06:19 – Looming gov’t shutdown & market reaction
07:51 – Bankruptcies
08:12 – Stock market exposure: ‘I owe exactly one stock’ in my personal portfolio
10:00 – Portfolio positioning
11:26 – Banking sector update
13:33 – Political development + 2024 election
18:40 – Gold and silver

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.

  economy, Fed, gold, silver, stock market