Blockworks Macro, Released on 8/11/23

We discuss the past 3 years in both the economy and markets, Fitch’s recent AAA downgrade on U.S debt & the lingering stress in commercial real estate. To hear all this & more, you’ll have to tune in!

00:28 Introduction
01:17 Fitch’s AAA Debt Downgrade
07:26 S&P’s Debt Downgrade vs Fitch’s Debt Downgrade
12:07 We Took MMT On A Test Drive & It Crashed Into The Wall
15:32 The Path Ahead For U.S Debt Issuance
20:24 Commercial Real Estate
23:45 Where Are We In The Cycle?
26:52 Oppenheimer Or Barbie?

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.