Avalanche of Job Losses, FED Driving Economy into Recession with Danielle DiMartino Booth

Interview recorded - 5th of February, 2024

On this episode of the WTFinance podcast I had the pleasure of welcoming on Danielle DiMartino Booth. Danielle is the CEO & Chief Strategist for QI Research, a research and analytics firm.

During our conversation we spoke about Danielle's thoughts on the markets, what the recent job losses mean for the economy, whether the economy is currently on its last legs, could commercial real estate be another credit event catalyst and what this means for the FED in 2024. I hope you enjoy!

0:00 - Introduction
1:30 - What is Danielle thoughts about the economy?
3:55 - Already in a recession?
4:45 - Where will interest rates go?
6:00 - Is Powell making a mistake?
7:00 - US going the way of China?
8:40 - A job hasn’t been created until February 2023?
12:20 - Will Powell make bigger cuts?
14:10 - Is Powell looking at leading indicators?
14:52 - Any unique data points?
15:50 - Commercial Real Estate - a catalyst for another credit event?
18:40 - What would Danielle do as Chairperson of the FED?
20:43 - Cut interest rates while continuing QT?
22:22 - Which assets could perform during 2024?
25:00 - One message to takeaway from conversation?

DiMartino Booth set out to launch a #ResearchRevolution, redefining how market intelligence is conceived and delivered to guide portfolio managers and promote financial literacy. To build QI, she brought together a core team of investing veterans to analyze the trends and provide critical analysis on what is driving the markets – both in the United States and globally.

Since their inception in 2015, commentary and data from DiMartino Booth’s The Daily Feather and The Weekly Quill have appeared in other financial sources such as Bloomberg, CNBC, Fox Business, Institutional Investor, Yahoo Finance, The Wall Street Journal, MarketWatch, Seeking Alpha, TD Ameritrade, TheStreet.com, and more.

A global thought leader in monetary policy, economics, and finance, DiMartino Booth founded QI Research in 2015.  She is the author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a business speaker, and a commentator frequently featured on CNBC, Bloomberg, Fox News, Fox Business News, BNN Bloomberg, Yahoo Finance and other major media outlets.

Prior to QI Research, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas. She served as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in March 2015. Her work at the Fed focused on financial stability and the efficacy of unconventional monetary policy.

DiMartino Booth began her career in New York at Credit Suisse and Donaldson, Lufkin & Jenrette where she worked in the fixed-income, public equity, and private equity markets. DiMartino Booth 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.

Danielle DiMartino Booth -

Website - https://quillintelligence.com/
Twitter - https://twitter.com/DiMartinoBooth
YouTube -  @DanielleDiMartinoBoothQI

WTFinance -

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