Coin Stories with Natalie Brunell

Danielle DiMartino Booth: Economic Storm and Debt Collapses Approaching

Aug 30, 2023

44:33

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Danielle DiMartino Booth, CEO and Chief Strategist for QI Research and former Advisor to President Richard W. Fisher at the Federal Reserve Bank of Dallas, discusses the approaching economic storm and debt collapses. Topics include the state of the markets, fraudulent practices surrounding PPP loans, credit card debt vs saving behavior, high interest rates in the housing market, comparisons to the 2008 recession, debt jubilees, and the importance of outdoor play and community engagement.

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Quick takeaways

Record levels of debt and stimulus spending pose challenges for sustaining high levels of spending going forward.

Increasing interest rates make it difficult for young buyers to afford homes, requiring strategic decision-making when considering buying a home.

Deep dives

Current State of the Economy and Market

The speaker discusses the current state of the economy and market, highlighting recent trends and indicators. They mention the optimism injected into the markets in May and June, followed by a double topping out in the stock market and the home building sector. The fiscal impulse is also mentioned, with a surge in green infrastructure spending followed by a second wave of spending. The possible impact of the end of the employee retention credit is also discussed, along with the potential consequences of student loan repayments restarting and rising unemployment.

Introduction

2min

Macroeconomy, Fraudulent Practices, and Potential Consequences

14min

The Paradox of Credit Card Debt and Saving Behavior

5min

Housing Market Affordability

10min

Comparing Economic Storms: Past Recession vs Current Crisis

5min

Debt Jubilees and Economic Policies

7min

The Importance of Outdoor Play and Community Engagement

2min

Danielle DiMartino Booth is CEO and Chief Strategist for QI Research, an independent research firm. She spent 9 years at the Federal Reserve Bank of Dallas as Advisor to President Richard W. Fisher throughout the financial crisis until he retired in 2015. DiMartino Booth’s work at the Fed focused on financial stability and the efficacy of unconventional monetary policy. She's also the author of "Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America." DiMartino Booth earned her BBA at the University of Texas at San Antonio, holds an MBA in Finance and International Business from the University of Texas at Austin, and an MS in Journalism from Columbia University. Danielle's research firm: https://quillintelligence.com

Follow Danielle on X https://x.com/DiMartinoBooth

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DISCLAIMER This show is for entertainment purposes only and does not give financial advice. Before making any decisions consult a professional.