Monetary Matters with Jack Farley U.S. Recession To Be Revealed By January 2025 “Data Bomb” | Danielle DiMartino Booth
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Dec 19, 2024 
Danielle DiMartino Booth, CEO and Chief Strategist of QI Research, shares her sharp insights on the U.S. economy and job market. She argues that the nation is already in a recession, predicting its true impact will surface by January 29, 2025. DiMartino discusses the rise in unemployment, stealth layoffs, and the burgeoning gig economy's role in shaping labor market dynamics. Additionally, she examines market volatility in the wake of shifting interest rates and political influences, raising alarms about the sustainability of recent stock market gains.
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Data Discrepancy
- Official data portrays a strong labor market, contradicting Danielle DiMartino Booth's analysis.
- She anticipates a convergence of these realities as revisions reveal the true weakness.
Political Influence on Recession Declaration
- The NBER, comprised of Obama appointees, might delay declaring a recession during the Biden administration.
- They might be more inclined to declare one under Trump's presidency.
Recession Debate
- Powell believes a recession has been avoided, citing continued growth despite forecasts of a slowdown.
- DiMartino Booth disagrees, pointing to the BEA's downward revision of income and historical precedents.