Keeping it Simple with Simplify Asset Management

Keeping it Simple | Ep.39: Wake Me Up, When October Ends

Aug 12, 2024

In this engaging conversation, Danielle DiMartino Booth, a former Fed staffer and founder of QI Research, dives into her October 2023 recession call. She emphasizes the significance of accurate economic data and the challenges of outdated models, while exploring Wall Street’s shifting influence on market narratives. Danielle also highlights the struggles of the middle class post-pandemic, the effects of unconventional monetary policies, and shares her bullish outlook on gold amid current market volatility.

58:37

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Episode guests

Danielle DiMartino Booth

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Episode notes

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Quick takeaways

Accurate and updated data is crucial for understanding economic conditions, as outdated models can misrepresent reality, particularly in housing and financial crises.

The consolidation of data generation among a few entities raises concerns about trustworthiness, as biases may shape narratives about financial stability and mislead public perception.

Significant signs indicating a potential recession are emerging, with market responses more influenced by prevailing narratives than by rigorous data analysis, necessitating careful scrutiny of economic trends.

Deep dives

Data Accuracy and Economic Insights

The discussion highlights the importance of accurate data when assessing the economic landscape. Danielle DiMartino Booth emphasizes her efforts at the Federal Reserve, where she recognized that outdated models failed to capture the realities of the housing bubble and impending financial crisis. This experience instilled in her a drive to seek alternative data sources that present a more current view of economic conditions. The conversation points to a growing concern over how institutional biases and corporate interests could influence public economic data, leading to misleading narratives about financial stability.

Intro

3min

The Complex Landscape of Economic Data

17min

Wall Street's Influence and Housing Market Dynamics

11min

Economic Struggles of the Middle Class in Post-Pandemic America

4min

Monetary Policy and Economic Trends

20min

Navigating Economic Indicators and Market Predictions

2min

Navigating Economic Analysis and Future Discussions

4min

Mike and Harley are joined by former Fed staffer and founder of QI Research, Danielle DiMartino Booth, to discuss her October 2023 recession call.

For more information, https://www.simplify.us

Investing involves risk including potential loss of principal.

Simplify Asset Management Inc. is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Simplify Asset Management Inc. and its representatives are properly licensed or exempt from licensure. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the advisor has attained a particular level of skill or ability. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy. This content is not intended to provide investment, tax, or legal advice.

This content is solely for informational purposes and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. These materials are made available on an “as is” basis, without representation or warranty. The information contained in these materials has been obtained from sources that Simplify Asset Management Inc. believes to be reliable, but accuracy and completeness are not guaranteed. This information is only current as of the date indicated and may be superseded by subsequent market events or for other reasons. Neither the author nor Simplify Asset Management Inc. undertakes to advise you of any changes in the views expressed herein.

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