Podcast appearances and mentions of Richard W Fisher

Tom Bodrovics once again engages in an interesting conversation with Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, former Fed Insider, and author of the book "Fed Up." The conversation focuses on the ongoing recession that likely began in Q1 2024. Danielle highlights key data points, such as job losses starting in Q2 2024, which confirm the recession's onset. Despite this clarity, official channels are reluctant to acknowledge the recession due to political considerations. Danielle emphasizes the severe impact of student loan forbearance and credit constraints on US households, noting that rising defaults will further strain consumer spending. This situation is compounded by a lack of clear policies to replace past stimulus measures, leaving the economy vulnerable. Danielle shifts into the commercial real estate sector, with banks facing growing pressure to recognize losses. She critiques the Federal Reserve for ignoring critical data, such as shelter inflation and job losses, in favor of focusing on tariffs' impact on goods prices. This stance, she argues, is politically motivated and disregards the Fed's own historical lessons. Investors are advised to prioritize safety over riskier assets, given the high returns on cash and the uncertain economic outlook. Danielle concludes by urging empathy and support for communities navigating these challenging times, emphasizing the importance of looking out for one another during economic hardship. Time Stamp References:0:00 - Introduction1:10 - Recession Recognition?6:05 - Recession & Neg. GDP9:06 - Politics & Power Games11:28 - Democrats & Leadership14:16 - Global Recession Outlook16:10 - Student Loan Problems20:10 - Com. Real Estate Bubble23:48 - Banks & Neg. Home Values26:38 - Q.E. Tariffs & Inflation30:30 - Wages, Housing, & Retail36:30 - Powell & Coming Shocks40:59 - Fed Ignoring The Data42:05 - Safe Investor Plays?47:10 - Concluding Thoughts48:10 - Wrap Up Guest Links:X: https://x.com/DiMartinoBoothSubstack: https://dimartinobooth.substack.com/Website: https://quillintelligence.com/YouTube: https://www.youtube.com/c/DanielleDiMartinoBoothQI Danielle DiMartino Booth is CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm. DiMartino Booth set out to launch a Research Revolution, redefining how market intelligence is conceived and delivered, with the goal of not only guiding portfolio managers but promoting financial literacy. To build QI, she brought together a core team of investing veterans in analyzing the trends and providing critical analysis of what drives the markets. Since its inception, commentary and data from DiMartino Booth's The Daily Feather 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 on monetary policy, economics, and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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. Before Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas, serving as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in 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.

Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 256 for an FOMC day interview.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia DiMartino Booth argues that Fed monetary policy remains overly restrictive while the labor market is "anything but solid." She points to concerning indicators including record credit card minimum payments, rising long-term unemployment, and declining full-time jobs. DiMartino Booth makes the case for immediate rate cuts to a floor of 2%, warning the economy now operates "without a safety net" after successive waves of debt-fueled growth. Looking forward, she expresses concern about geopolitical risks while finding hope in the strong work ethic of the younger generation.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. Links: QI Research: https://quillintelligence.com/subscriptions/ Twitter/X: https://twitter.com/dimartinobooth Substack: https://dimartinobooth.substack.com/Fed Up: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/0735211655Timestamps: 0:00 - Opening commentary on Powell and monetary policy0:23 - Introduction and FOMC day discussion1:39 - Arguments that monetary policy is too restrictive2:49 - Labor market indicators and private sector layoffs4:13 - Credit card minimum payments and student loan impacts6:02 - Signs of financial stress in refinancing behaviors8:10 - Bankruptcy trends and distressed debt exchanges9:57 - Fed's dual mandate debate12:05 - Critique of Powell's selective history on Fed actions13:57 - Job market reality vs. Powell's "solid" characterization15:48 - Self-employment and full-time job losses17:50 - Sponsor segment19:08 - Labor market "scarring" and long-term unemployment21:12 - Federal debt approaching $38 trillion22:03 - Analysis of long-term debt cycles since Greenspan24:16 - Student loan wage garnishment concerns28:36 - Fed rate cut recommendations30:10 - Policy pushing money from real economy to financial assets33:00 - Tariffs discussion - why they're deflationary not inflationary36:38 - Real-world impacts of import costs38:26 - What keeps Danielle up at night - geopolitical concerns39:53 - What gives her hope - younger generation's work ethic42:17 - Information about Qi Research and closing thoughts

Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 250 where she reiterates her view that the US is already in recession, explains the "collapse in confidence" spreading through markets, and evaluates the growing tension between President Trump and Fed Chair Powell. Booth reveals concerning trends in consumer credit, employment data, and housing that mainstream statistics aren't capturing.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia 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. Links: QI Research: https://quillintelligence.com/subscriptions/ Twitter/X: https://twitter.com/dimartinobooth Substack: https://dimartinobooth.substack.com/Fed Up: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/0735211655Timestamps: 00:00 - Introduction 03:31 - Discussion on US exceptionalism and capital migration out of US dollar assets 06:50 - Exploring the implications of collapsing confidence 08:35 - Trump's Truth Social post about Powell and interest rates 11:59 - Federal Reserve's independence and potential rate cut decisions15:20 - Discussion on whether rate cuts are necessary and timing 16:02 - Explanation of Fed blackout period and limitations on communication 17:59 - Analysis of Trump's strategy regarding Fed commentary 19:17 - Consumer 22:20 - CEO confidence decline, reduced capital expenditures, and potential layoffs 23:47 - Discussion on high unemployment claim rejection rates (44%)25:19 - Effects on gig economy and discretionary spending like rideshare services 27:03 - Confirmation that we are in a recession 31:34 - Housing market assessment and discussion of market conditions34:05 - Housing price outlook and structural issues 36:00 - Closing thoughts

Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 235 to discuss mounting signs of disinflation and labor market stress in early 2025. She points to falling rents, rising vacancy rates, and a wave of both private and public sector job cuts that could force more Fed rate cuts than markets expect. DiMartino Booth warns about the confluence of student loan delinquencies, credit stress, and potential disruption to passive investment flows as demographic shifts and job losses impact 401(k) contributions.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/juliaA 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.Links:  QI Research: https://quillintelligence.com/subscriptions/ Twitter/X: https://twitter.com/dimartinobooth Fed Up: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/0735211655Timestamps: 0:00 Welcome and introduction 1:10 Analysis of Fed minutes and debt ceiling impact 2:04 Discussion of Treasury general account and liquidity 3:50 MBS rolloff implications 5:18 Private sector layoffs and bankruptcies 8:20 Labor market conditions and Uber driver earnings 9:31 Initial jobless claims analysis and Fed outlook 11:23 Rent and housing market dynamics 13:36 Disinflationary trends and shelter costs 15:54 Student loan impact on credit scores 16:54 Housing market inventory and spring selling season 19:49 Senior housing opportunities 20:50 White collar recession analysis 23:50 Discussion of Doge savings and flat tax proposal 26:18 Potential stimulus impact on inflation 27:58 Passive investing risks and TSP analysis 32:01 Closing remarks

The Tariff Kid - Tariff on Tariff off! US Manufacturing turns the corner. A quick check on earnings and some thoughts on the economy. And our guest - Danielle DiMartino Booth - the "Fed watcher" NEW! DOWNLOAD THIS EPISODE'S AI GENERATED SHOW NOTES (Guest Segment) As Founder & CEO of Quill Intelligence, Danielle DiMartino Booth set out to launch a #ResearchRevolution, redefining how markets intelligence is conceived and delivered. 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. A global thought leader on monetary policy, economics and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), has a column on Bloomberg View, is 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 Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis. 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. Follow @DiMartinoBooth Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ Stocks mentioned in this episode: (AMZN), (GLD), (BTCUSD), (ORCL), (GOOG), (SMR), CEG), (GEV), (AMD)

Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 230 for an in-person Fed day analysis following the January FOMC meeting. She breaks down Powell's press conference, newly released 2019 Fed transcripts, and signals of labor market weakness that official numbers might miss. DiMartino Booth explains why the Fed's shift to market-based inflation metrics could accelerate rate cuts, while warning about mounting evidence of job market deterioration hidden beneath headline numbers. 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. Links:   QI Research: https://quillintelligence.com/subscriptions/ Twitter/X: https://twitter.com/dimartinobooth Fed Up: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/0735211655 Timestamps: 0:00 Opening discussion on disinflationary pressures 1:09 Analysis of 2019 Fed transcripts and global trade impact 3:13 Discussion of Conference Board data and labor market signals 8:56 Analysis of rental market dynamics and Fed's new inflation metrics 17:36 Housing market analysis and renter dynamics 18:28 Impact of tariffs on economy and growth 21:54 Release timing of Fed transcripts and messaging 23:16 Current state of economy and job market analysis 28:54 Federal employee buyouts and workforce implications 34:11 Evolution of layoff reporting and gig economy impact 38:54 Discussion of fiscal policy mechanisms and inflation 41:30 Analysis of potential government efficiency measures 47:00 AI impact on markets and tech valuations 50:57 Societal shifts in spending habits and debt management 54:22 Closing remarks and where to find her work

Danielle DiMartino Booth, CEO and chief strategist of QI Research and former Federal Reserve insider, joins the Julia La Roche Show for an in-person interview to discuss why she sees "frayed nerves" at the Federal Reserve about the incoming Trump administration. In this wide-ranging conversation, DiMartino Booth reveals why 18 months of downward revisions to jobs data is "statistically impossible," explains how bureaucrats could start "releasing the Kraken" with true economic data that gets "pinned on Trump," and warns about the explosion of buy-now-pay-later debt that's not showing up in official credit statistics. She also shares a powerful message about the growing divide between Wall Street and Main Street 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. Links:   QI Research: https://quillintelligence.com/subscriptions/ Twitter/X: https://twitter.com/dimartinobooth Fed Up: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/0735211655 Timestamps: 00:00 Welcome Danielle 01:00 Reaction to the FOMC, frayed nerves at the Fed 3:08 Fed spooked by inflation 3:45 Fed went in opposite direction of staff presentations 6:30 10-Year 8:03 A "closer call" 9:12 Does the Fed make policy for the public good? 13:00 Nihilism among younger generations 16:30 The government is buying the economy time, and the Fed is making the wealthier wealthier   18:48 Are we in a recession? 22:00 Declining consumption is not a prerequisite to recession 24:10 Could Trump inherit a recession? 26:30 Jobs numbers 30:00 Story behind the data 31:20 Trump administration 2.0 37:45 Stock market 39:50 What's keeping Danielle up at night 42:11 Parting thoughts

Tom Bodrovics engages in a discussion with Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, former Fed Insider, and author of the book "Fed Up." Danielle stresses the importance of monitoring private sector actions, particularly in 2025 due to recent job losses and the significance of shelter inflation's impact on the Federal Reserve. She highlights an upward trend in unemployment rates and potential recession expectations, but does not believe one is necessary. The conversation touches upon central bankers' confidence bubble and its implications for the current economic climate. They also delve into commercial real estate markets and the potential repercussions on banks and markets. Serious concerns in this sector have led to double defaults on commercial mortgage-backed securities, with regulators putting pressure on credit rating agencies not to downgrade them. Tom also inquires about other financial burdens, such as rising unemployment, falling house prices, and mortgage delinquencies, which contribute to significant household financial pressures. Canadian banks have announced larger losses but maintain they are contained. Banks attempt to slow charge-offs by modifying loans and extending terms, but this approach has limitations due to the possibility of re-default. Danielle concludes the conversation by encouraging listeners to maturely face sacrifices and embrace long-term benefits that come with cutting government waste. Time Stamp References:0:00 - Introduction0:44 - The Economy & Stats2:49 - Unemployment & Layoffs3:38 - Powell & Trump4:37 - Revisions & Recession6:25 - Bankruptcies & Rates8:13 - C.B. Confidence/Hubris11:22 - Dollar Strength & Trump14:57 - Inflation Thoughts16:47 - Housing Confidence19:38 - Commercial Real Estate20:57 - Consumers & Banking22:37 - Safe Assets & Dividends24:14 - Buy Now Pay Later?26:42 - 2025 and Gov't Spending27:49 - Wrap Up Talking Points From This Episode Danielle emphasizes investors monitor private sector actions amid job losses, shelter inflation, and potential recession concerns. Concerns center around Central bankers' 'confidence', commercial real estate risks, and household financial pressures. DiMartino cautions listeners that Trump cuts may require short to medium term sacrifices to gain long-term benefits. Guest Links:Twitter: https://twitter.com/DiMartinoBoothSubstack: https://dimartinobooth.substack.com/Website: https://quillintelligence.com/YouTube: https://www.youtube.com/c/DanielleDiMartinoBoothQI Danielle DiMartino Booth is CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm. DiMartino Booth set out to launch a #ResearchRevolution, redefining how market intelligence is conceived and delivered, with the goal of not only guiding portfolio managers but promoting financial literacy. To build QI, she brought together a core team of investing veterans in analyzing the trends and providing critical analysis of what drives the markets. Since its inception, commentary and data from DiMartino Booth's The Daily Feather 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 on monetary policy, economics, and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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. Before Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas, serving as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in 2015.

Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 209 to discuss the FOMC decision, the state of the economy, and the 2024 election results. ✨ This episode is sponsored by Public.com. https://public.com/julia ✨ Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.  Treasury accounts offering 6 months T-Bills are offered by Jiko Securities, Inc.,member FINRA & SIPC. Securities in your account are protected up to $500,000. For details: www.sipc.org. Banking services and the Bank Accounts are provided by Jiko Bank, a division of Mid- Central National Bank. For U.S. Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value. Treasuries risk disclosures, see https://jiko.io/docs/treasuries_risk_disclosure.pdf. See public.com/#disclosures-main  A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC and includes 10 investment-grade and high-yield bonds. As of [11/08/24], the average, annualized yield to worst (YTW) across all ten bonds is greater than 6%. A bond's YTW is not “locked in” until the bond is purchased and is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. While corporate bond yields should fall in reaction to a Federal Reserve rate cut, there is no way to know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or by how much they will decline. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. All investing involves risk. Public Investing charges a markup on each bond trade. Visit public.com/bond-account to learn more More about Danielle: 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. Links:   QI Research: https://quillintelligence.com/subscriptions/ Twitter/X: https://twitter.com/dimartinobooth Fed Up: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/0735211655

Interview recorded - 18th of July, 2024On this episode of the WTFinance podcast I had the pleasure of welcoming  back Danielle DiMartino Booth. Danielle is the CEO & Chief Strategist for QI Research, a research and analytics firm.During our conversation we spoke about her outlook for the economy, unemployment and whether it could stick, how bad could the recession be and more. I hope you enjoy.0:00 - Introduction1:44 - Outlook for the economy?3:15 - Unemployment going to stick?5:35 - Is the economy soft?6:40 - What will FED do?9:45 - Further fiscal deficit?12:30 - Both parties to increase fiscal spending?13:30 - How bad could the recession be?17:55 - Are interest rates really high?18:23 - Trust the economic numbers?20:50 - Bonds back to safe haven?22:05 - 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/DiMartinoBoothYouTube -  @DanielleDiMartinoBoothQI WTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

Tom welcomes back Danielle DiMartino Booth to the show to discuss de-dollarization and its implications for the US economy. Danielle argues that while concerns over countries moving away from the US dollar system have been ongoing for a long time, the US dollar remains dominant in global transactions due to its vast liquidity pool and lack of competition. She advises investors to diversify during financial crises instead of doubling down on dollars. The conversation touches upon the Federal Reserve's actions, with Danielle expressing concerns about potential policy errors regarding inflation and outdated data usage. Danielle discusses employment statistics, mentioning that hard data from the Quarterly Census of Employment and Wages (QCEW) plays a significant role in revisions to non-farm payrolls and Gross Domestic Product (GDP). She expresses concern over the Fed's reliance on outdated data and potential late action. The conversation also covers concerns about risks for regional banks, rising bankruptcy rates, and imminent student loan delinquencies. She also discusses signs of a potential recession, including slowdown in credit card spending, increasing charge offs, and decreasing employment levels. Despite some optimistic predictions, she express skepticism due to the weak economic foundation and the Fed's role in combatting inflation with varying opinions on its likelihood. Time Stamp References:0:00 - Introduction0:45 - Dedollarization Trends2:47 - Global Dollar Trade5:49 - Reserves and Data8:57 - Fed & Global C.B. Cuts10:49 - Fed & 2024 Elections12:55 - Consumer 'Health'13:58 - Fed Revisions & Data Lag19:44 - Bankruptcies & Inflation23:44 - Problems Not Priced-In25:27 - Regional Banking Risk28:47 - Bigger Banks & Losses32:52 - Credit Card Spending34:52 - Deep Long Recession?37:40 - Fed - Hard Landing38:55 - Inflation Targeting41:09 - Wrap Up Talking Points From This Episode The US dollar's dominance in global transactions is due to its vast liquidity pool and lack of competition. Investors are advised to diversify during financial crises instead of relying on dollars. Concerns over the Fed's policy errors, outdated data usage, and potential late action in addressing economic issues. Guest Links:Twitter: https://twitter.com/DiMartinoBoothSubstack: https://dimartinobooth.substack.com/Website: https://quillintelligence.com/YouTube: https://www.youtube.com/c/DanielleDiMartinoBoothQI Danielle DiMartino Booth is CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm. DiMartino Booth set out to launch a #ResearchRevolution, redefining how market intelligence is conceived and delivered, with the goal of not only guiding portfolio managers but promoting financial literacy. To build QI, she brought together a core team of investing veterans in analyzing the trends and providing critical analysis of what drives the markets. Since its inception, commentary and data from DiMartino Booth's The Daily Feather 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 on monetary policy, economics, and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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. Before Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas, serving as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in 2015. Her work at the Fed focused on financial stability and the efficacy of unconventional monetary policy.

In this episode with macro strategists Danielle DiMartino Booth and Jim Bianco we discuss: Latest inflation data vs. 'truflation' Danielle says we're in recession, Jim says we're in a "no landing" scenario Remote work, wage growth, and AI's impact on jobs Extreme wealth concentration Will the Fed cut rates? Why are stocks booming when rates are still high? Government spending and national debt Powell's legacy, the election year economy Bitcoin and the spot Bitcoin ETFs ---- 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. She's the author of "Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America." Danielle's research firm: https://quillintelligence.com Follow Danielle on X https://x.com/DiMartinoBooth Jim Bianco is President and Macro Strategist at Bianco Research. His wide-ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy. Jim's firm: https://www.biancoresearch.com/visitor-home/ Follow Jim on X: https://twitter.com/biancoresearch  ---- Coin Stories is powered by Bitdeer Technologies Group (NASDAQ: BTDR), a publicly-traded leader in Bitcoin mining that stands alone as the only vertically-integrated, technology-focused Bitcoin mining company. Learn more at www.bitdeer.com.  ---- Natalie's Promotional Links:  Buy Bitcoin, secure it through multisig Collaborative custody, start a Bitcoin IRA or take out a Bitcoin loan with UNCHAINED: https://unchained.com/?utm_campaign=natalie promo code Natalie Bitcoin Nashville is July 25-27, 2024: Get 10% off your passes using the code HODL at  https://b.tc/conference Get 5% off your Bitcoin cold storage solutions at Coinkite, including the Coldcard wallet: https://store.coinkite.com/promo/COINSTORIES https://bitcointreasuries.net/ is the best and most up-to-date source of Bitcoin holdings by publicly traded companies, ETFs, governments and other entities. It is community maintained, and you can be a contributor. Check out the amazing graphs! CrowdHealth offers the Bitcoin community alternative to health insurance. I now spend just ~$100 a month on my health care. Sign up: https://www.joincrowdhealth.com/natalie  Connect with Bitcoiners and Bitcoin merchants wherever you live and travel on the Orange Pill App: https://signup.theorangepillapp.com/opa/natbrunell ---- This podcast is for educational purposes and should not be construed as official investment advice. ---- VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories   #money #Bitcoin #investing

Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 143.  In this episode, Danielle provides an update on the economy, highlighting the challenges faced by the job market and the increase in layoffs. She discusses the impact of the white collar recession and the decline in net worth for high-income individuals. DiMartino Booth also shares her insights on the market performance and the Federal Reserve's approach to interest rates. She suggests a question for Fed Chair Powell regarding the regulatory changes and their impact on the financial system. Additionally, DiMartino Booth emphasizes the importance of backlogs as an indicator and discusses the current state of the economy in an election year. 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. Links:  QI Research: https://quillintelligence.com/subscriptions/ Twitter/X: https://twitter.com/dimartinobooth Fed Up: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/0735211655 Takeaways The job market is facing challenges, with layoffs increasing and the demand for labor collapsing. The current recession can be characterized as a white collar recession, with high-income individuals experiencing a decline in net worth. The market performance is driven by the anticipation of Federal Reserve rate cuts, but the timing and extent of these cuts are uncertain. Backlogs serve as an important indicator of the economy, reflecting pent-up demand and potential future trends. The upcoming election is crucial, and voters should be aware of the government's spending and the importance of their vote. Timestamps  00:00 Introduction and update on the economy 03:08 Job market and layoffs 08:25 White collar recession 10:03 Market performance  15:06 Outlook for interest rates 17:19 Question for Fed Chair Powell 18:41 The importance of backlogs as an indicator 20:05 Recession 21:34 Journalism background and Warren Buffett 24:00 Parting thoughts

Interview recorded - 5th of February, 2024On 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 - Introduction1:30 - 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/DiMartinoBoothYouTube -  @DanielleDiMartinoBoothQI WTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseas

And on that server farm there was a chip - Ai-Ai-O Guests John Pugliano and Danielle Dimartino Booth are this week's guest - talking about the only two things that seem to matter - The Fed and Ai. Follow @andrewhorowitz   John Pugliano is the author of The Robots are Coming: A Human's Survival Guide to Profiting in the Age of Automation. He's also the host of the Wealthsteading Podcast where he shares his ideas and personal experience on wealth building principles. John has spent over 30 years studying and applying the habits of financially independent middle-class Americans. His circuitous path to success included serving in the military as both enlisted and officer; a corporate career in industrial sales; and finally a late blooming entrepreneur. John has an M.S. in Systems Management from the University of Southern California and a B.S. in Environmental Science & Engineering from Penn State.   Danielle DiMartino Booth is CEO & Chief Strategist for QI Research, a research and analytics firm. 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 asBloomberg, 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. Follow @DiMartinoBooth Check this out and find out more at: http://www.interactivebrokers.com/ More information available on Horowitz & Company's TDI Managed Growth Strategy Stocks discussed this week - (MSFT), (IBIT), (AMD), (NVDA), (AMZN), (INTC)

Only one sector up for the month – it will surprise you. GDP is what? Who says the economy is slowing? Margins and earnings – a look inside. And our guest this week  - Danielle Dimartino Booth   Register for the November 15th, 2024 Webinar   Danielle DiMartino Booth is CEO & Chief Strategist for QI Research, a research and analytics firm. 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 asBloomberg, 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. Follow @DiMartinoBooth Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE Stocks mentioned in this episode: (TGT), (WMT), (SPY), (AMZN)

Tom welcomes Danielle Booth back to the show to once again discuss the Fed and the state of the economy. Danielle explains why Powell needs to maintain "illusion or narrative" of higher interest rates for longer. This is crucial for households, commercial real estate developers, and corporations who have taken out loans and mortgages at lower rates. While a potential decrease of up to 100 basis points (5% to 4%) is possible by January, it is unlikely. Currently, rates are much higher and will have an impact on entities that are cashflow constrained. Danielle also discusses the various indicators to gauge the state of the economy, such as layoffs, disposable personal income, and stimulus checks. She noted that the Bureau of Labor Statistics has two surveys, one of which creates the unemployment rate and the other creates non-farm payrolls. It is important to consider both surveys to accurately assess the economy. Danielle also talks about the impact of the pandemic on the economy, with job losses, bankruptcies, and a potential recession looming. She mentioned the challenges faced by the repossession industry due to a lack of employees, and the pressure on Federal Reserve Chairman Jay Powell to prevent a market crash. Lastly, she also advised keeping an eye on bank reserves and understanding how companies are preparing for the end of the year with cost-cutting and potential layoffs. Overall, the economy is facing a potential stagflation as households struggle to keep up with inflation and debt obligations. Time Stamp References:0:00 - Introduction0:36 - Higher For Longer2:34 - Debt Loads & Cash Flow5:00 - Recession Indications6:50 - Non-Farm Payroll12:03 - Wage Price Spiral?13:34 - Inflation Outlook15:48 - Freight Economic Costs17:25 - Sub-Prime Auto Loans20:20 - Powell & Election Year23:10 - Liquidity + Correction25:46 - Gov't Spending & Labor28:14 - End Of Year Outlook29:44 - Wrap Up Talking Points From This Episode Why rates are having a major impact on households, commercial real estate developers, and corporations who have taken out mortgages and loans. Why it's important to consider both jobless claims and payroll reports. Examine your portfolios and have cash on hand to watch what comes to pass for the end of the year. Guest Links:Twitter: https://twitter.com/DiMartinoBoothSubstack: https://dimartinobooth.substack.com/Website: https://quillintelligence.com/YouTube: https://www.youtube.com/c/DanielleDiMartinoBoothQI Danielle DiMartino Booth is CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm. DiMartino Booth set out to launch a #ResearchRevolution, redefining how market intelligence is conceived and delivered, with the goal of not only guiding portfolio managers but promoting financial literacy. To build QI, she brought together a core team of investing veterans in analyzing the trends and providing critical analysis of what drives the markets. Since its inception, commentary and data from DiMartino Booth's The Daily Feather 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 on monetary policy, economics, and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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. Before Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas, serving as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in 2015. Her work at the Fed focused on financial stability and the efficacy of unconventi...

Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 109. In this episode, DiMartino Booth argues that the U.S. economy would already be in recession if it weren't for the government's spending. 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. Links: QI Research: https://quillintelligence.com/subscriptions/ Twitter/X: https://twitter.com/dimartinobooth Fed Up: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/0735211655 The Julia La Roche Show is produced by Marlinski Media: https://www.marlinskimedia.com/ Timestamps:  00:00 - Welcome Danielle DiMartino Booth to the show  1:06 - Macro outlook on the economy, discussion on job market and revisions 3:56 U.S. economy is clearly in a recession if it weren't for government spending  6:30 - Discussion on the Federal Reserve and the higher for longer regime 9:20 An about-face for equity investors   11:46 - Conundrum for RIAs 15:22 - Biggest risk is in middle portion of commercial real estate and corporate debt 17:30 - Exchange Traded Funds (ETFs) and a passive investing bubble?  18:27 - Discussion on Federal Reserve's zero bound interest rate policy 22:30 - Geopolitical risks following an attack in Israel 24:30 - US deficit at wartime levels, fiscal responsibility and potential long-term consequences 26:30 - Conclusion

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 -- Partners: Coin Stories is powered by Swan Bitcoin the best way to build your Bitcoin stack with automated Bitcoin savings plans and instant purchases. Swan serves clients of any size, from $10 to $10M+. Visit https://www.swanbitcoin.com/nataliebrunell for $10 in Bitcoin when you sign up. If you are planning to buy more than $100,000 of Bitcoin over the next year, the Swan Private team can help.  — BITCOIN AMSTERDAM is just around the corner. The biggest Bitcoin conference in Europe will host incredible speakers including Edward Snowden, Stella Assange, Adam Back and more. Get your tickets at b.tc/conference and use the code HODL for at least 10% off both Bitcoin Amsterdam and Bitcoin Nashville 2024 which will be held next July 25-27.  — Fold is the best Bitcoin rewards debit card and shopping app in the world. Earn Bitcoin on everything you purchase with Fold's Bitcoin cash back debit card, and spin the Daily Wheel to earn free Bitcoin. Head to https://www.foldapp.com/natalie and for a limited time you can get 10,000 satoshis when you sign up for Fold and Fold+ and spend $20 on the card.  — I'm proud to partner with Coinkite, your go-to tech company for top-notch Bitcoin custody solutions. The ColdCard wallet offers a safe haven for your Bitcoin, securely storing your digital assets offline. Coinkite recently introduced Tapsigner, an NFC wallet key ideal for easily setting up multisig wallets or Satscard, the best gift you can give to someone brand new to Bitcoin. And keep an eye on the Bitcoin sphere with the BlockClock, a custom desk clock displaying real-time Bitcoin blockchain stats. Coinkite's mission? Making Bitcoin user-friendly while championing decentralization. Remember, your financial control matters. Check out Coinkite's offerings, and take the step towards accessible Bitcoin management. Get 5% off using my link: https://store.coinkite.com/promo/COINSTORIES  — CrowdHealth offers the Bitcoin alternative to health insurance. Instead of sending money to a fiat health insurance company, save it and help crowdfund the Bitcoin community's medical care. When someone in the community has a health need, you help them out directly. And if you need care, CrowdHealth negotiates down your medical bill (lower than what insurance would be) and the community helps you cover it. https://www.joincrowdhealth.com/natalie to sign up. The Orange Pill App is building the social layer for Bitcoin and creating opportunities for in-person connections and building community. Connect with HODLers and Bitcoin events based on your location. Download The Orange Pill App and get more information at https://www.TheOrangePillApp.com.  -- OTHER RESOURCES  Natalie's website https://talkingbitcoin.com/ -- VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/  Cash App $CoinStories  BTC wallet bc1ql8dqjp46s4eq9k3lxt0lxzh6f2wcu35cl6944d -- FOLLOW NATALIE ON SOCIAL MEDIA Twitter https://twitter.com/natbrunell Instagram https://www.instagram.com/nataliebrunell Linkedin https://www.linkedin.com/in/nataliebrunell -- PRODUCER: Aron Bender https://www.linkedin.com/in/aron-bender/  -- DISCLAIMER This show is for entertainment purposes only and does not give financial advice. Before making any decisions consult a professional. #bitcoin #cryptocurrency #money

Rate direction – bets are for cuts later this year! Ending the quarter on a more positive note - market happy nothing else is breaking. Nailing 1st place in the Chili Cook off - secret ingredient. This week's guest - Danielle DiMartino Booth. As Founder & CEO of Quill Intelligence, Danielle DiMartino Booth set out to launch a #ResearchRevolution, redefining how markets intelligence is conceived and delivered. 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. A global thought leader on monetary policy, economics and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), has a column on Bloomberg View, is 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 Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis. 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. Follow @DiMartinoBooth Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE Stocks mentioned in this episode: (CS), (BAC), (SPY), (GLD)

Danielle DiMartino Booth's Banking Crisis Opus: Too Small to Not Fail Danielle DiMartino Booth is CEO and Chief Strategist for Quill Intelligence LLC, an independent research firm. She spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in March 2015. DiMartino Booth's work at the Fed focused on financial stability and the efficacy of unconventional monetary policy. She 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. In this episode we discuss: -How does U.S. banking system work? -Banking crisis and the Fed stepping in with BTFP -Is the recent turmoil system and similar to '08-'09 GFC? -Is the recent government intervention QE? -Will Fed Chair Jerome Powell pivot and go back to ZIRP? -Credit risk in Commercial Real Estate sector -Economy decelerating toward recession -Will hard landing/severe recession spur more fiscal stimulus/CBDCs and UBI? -How to financially plan in this economy -------------------------------------------------- Follow Danielle on Twitter https://twitter.com/DiMartinoBooth IN THIS EPISODE: Coin Stories is powered by Swan Bitcoin the best way to build your Bitcoin stack with automated Bitcoin savings plans and instant purchases. Swan serves clients of any size, from $10 to $10M+. Visit https://www.swanbitcoin.com/nataliebrunell for $10 in Bitcoin when you sign up. If you are planning to buy more than $100,000 of Bitcoin over the next year, the Swan Private team can help. BITCOIN 2023 by Bitcoin Magazine will be the biggest Bitcoin event in history May 18-20 in Miami Beach. Speakers include Michael Saylor, Lyn Alden and Michelle Phan, plus a Day 3 music festival. Nearly 30,000 people attended Bitcoin 2022. Get an early bird pass at a steep discount at https://b.tc/conference code HODL for 10% off your pass. Fold is the best Bitcoin rewards debit card and shopping app in the world! Earn Bitcoin on everything you purchase with Fold's Bitcoin cash back debit card, and spin the Daily Wheel to earn free Bitcoin. Head to https://www.foldapp.com/natalie for 5,000 in free sats! Health insurance needs an overhaul. The government and insurance companies have jacked the price, increased complexity, and made insurance almost unusable. You send your money to the health insurance black hole and never see it again. Then, when you get hurt you have to send them more money. The great news is now you have an alternative: CrowdHealth. It's totally different from insurance. Instead of sending your hard earned money to an insurance company, you hold your money in an account CrowdHealth helps you set up when you join. You can even convert dollars in that account into Bitcoin. When someone in the community has a health need, you help them out directly and if there is Bitcoin or $ left over in your account when you leave, you take it with you. https://www.joincrowdhealth.com/natalie With iTrustCapital you can invest in crypto without worrying about taxes or fees, through an individual retirement account. IRAs are tax-sheltered accounts, which means all your crypto trading is tax-free and can even grow tax-free over time. The best part is it's totally free to open an account, it's FDIC insured and there are no hidden fees, monthly subscriptions or membership fees. Get a $100 funding bonus if you open and fund an account. Go to https://itrust.capital/nataliebrunell to learn more and open a free account. iTrust IRAs are FDIC insured up to $250,000. OTHER RESOURCES - Natalie's website https://talkingbitcoin.com/ - Quill Intelligence https://quillintelligence.com/ ⏤ ⏤ ⏤ VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories BTC wallet bc1ql8dqjp46s4eq9k3lxt0lxzh6f2wcu35cl6944d ⏤ ⏤ ⏤ FOLLOW NATALIE ON SOCIAL MEDIA Twitter https://twitter.com/natbrunell Instagram https://www.instagram.com/nataliebrunell Linkedin https://www.linkedin.com/in/nataliebrunell ⏤ ⏤ ⏤ DISCLAIMER This show is for entertainment purposes only and does not give financial advice. Before making any decisions consult a profession  

"The most valuable asset they have is their job."  -Neel Kashkari, President of the Federal Reserve Bank of Minneapolis. Then he goes on to say that the odds of people losing their jobs is not remote. "What the Federal Reserve does is provide the blood supply for the body of our capitalist economy. And what happened in 2008 is all the veins and the capillaries and the arteries collapsed. So every financial function had failed. It had collapsed and we had to restore them." "It's almost like alchemy! You can create money out of thin air if you're at the central bank." -Richard W. Fisher, former President & CEO of the Federal Reserve Bank of Dallas"Buddy, it's not a question of enough. It's a zero sum game, sport. Somebody wins and somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another. Like magic. That painting cost $60,000 10 years ago. I could sell it today for $600,000. The illusion has become real. And the more real it becomes, the more desperately they want it. Capitalism at its finest." -Gordon Gekko, Wall Street Key topics:Did the system die in 2008? Have we been limping along with duct tape and baling wire all this time? On borrowed time? "Mixed signals about the economy." As I've said before: if you assume someone is lying, the economy is not so difficult to figure out. "The Federal Reserve seems to have our economic fate in its hands." Why would a so-labeled capitalist system need a central bank to pump the blood through it? Makes no sense. Unless you assume it's crony capitalism or socialism in disguise. And pepper in some fascism as well.The Scorpion and the Frog. "Are these executives greedy or stupid?" "Banks got bailed out, we got sold out!""But in reality: it played out differently." Rather than hiring and building new facilities, these CEOs enriched themselves and the shareholders. Say it ain't so!"We're like a giant bloodsucker."  Unregulated shadow banking.  March 2020 and the D word: depression. "There's no barometer of moral hazard." The Fed points fingers at the state; the state points fingers at The Fed; and we are supposed to forget the incestuous relationship between them. "I'm a good person. I've always paid my bills before.""A once-in-a-lifetime financial transition..."Links: You can watch the full documentary here:"Age of Easy Money"  https://www.youtube.com/watch?v=EpMLAQbSYAwhttps://www.investopedia.com/terms/b/benbernanke.asphttps://www.investopedia.com/terms/s/shadow-banking-system.asphttps://www.investopedia.com/terms/m/moralhazard.asphttps://www.cbsnews.com/news/fed-interest-rate-hikes-unemployment-increase-layoffs-inflation/Links where I can be found: https://causeyconsultingllc.com/2023/01/30/updates-housekeeping/Need more? Email me: https://causeyconsultingllc.com/contact-causey/

Tom welcomes back Danielle DiMartino Booth, she is CEO and Chief Strategist for Quill Intelligence, a research and analytics firm. Danielle has a new offering on the Substack she recently started. Tom and Danielle discuss the recently released Fed Minutes and the potential implications for the US economy. DiMartino Booth stated that the minutes were massaged in order to correct any market misperceptions that the Fed was going to pause its tight monetary policy. She also points out that jobs were not mentioned in the minutes, even though bankruptcies and job losses are on the rise, and that consumer credit card debt had jumped to an all-time high. DiMartino Booth argues that the Fed was trying to hide behind specious inflation and jobs data in order to keep up its tight policy stance, and she notes that income tax refunds were down 14% year-over-year. They also discussed the debt limit issue, which DiMartino Booth describes as kabuki theater, but argued that it should still be a topic of discussion in order to address entitlement spending. Lastly, DiMartino Booth discusses the recent nomination of Austin Goolsbee to the Chicago Fed and the White House's subsequent appointment of two more candidates after the leaked voting result against Goolsbee. This, she argued, was a victory for the hawks on the Fed and a loss for the White House. She also highlighted the recalculation of CPI, which she believes will help the Fed when it eventually eases its policy. Danielle discusse the Fed's minutes from the last meeting which just came out. What is interesting is what is missing from the notes, namely labor and disinflation. Time Stamp References:0:00 - Introduction0:42 - Minutes Review2:16 - Labor, Debt & Bankruptcies7:23 - Monetary Policy Lag10:30 - Financial Conditions?12:04 - Debt Limit Theatrics?15:26 - Feds Path Forward18:50 - CPI Adjustments20:16 - Wrap Up Talking Points From This Episode Review of the Fed's minutes from their last meeting and what was missing.Fed acknowledging the lag time of policy decisions to effect and seasonal CPI adjustments.U.S. debt ceiling limits and why it's entirely theater. Guest Links:Substack: https://dimartinobooth.substack.com/Twitter: https://twitter.com/DiMartinoBoothWebsite: https://quillintelligence.com/YouTube: https://www.youtube.com/c/DanielleDiMartinoBoothQI Danielle DiMartino Booth is CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm. DiMartino Booth set out to launch a #ResearchRevolution, redefining how market intelligence is conceived and delivered, with the goal of not only guiding portfolio managers but promoting financial literacy. To build QI, she brought together a core team of investing veterans in analyzing the trends and providing critical analysis of what drives the markets. Since its inception, commentary and data from DiMartino Booth's The Daily Feather 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 on monetary policy, economics, and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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. Before Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas, serving as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in 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,

Tom welcomes back Danielle DiMartino Booth, she is CEO and Chief Strategist for Quill Intelligence, a research and analytics firm. Danielle DiMartino Booth provides a comprehensive overview of the Fed's balance sheet reduction policy, implications of this policy, and changes to the voting committee. She believes that the current mortgage rates are too high, making it difficult for the Fed to hit their target of rolling off $35 billion of mortgage-backed securities each month. This has resulted in losses of $1.25 trillion over the first three quarters of the year. Tom suggests that the Fed should do a study of how inflation got so high. Danielle counters that the Fed has some pretty good ideas. She also mentions that the job openings data has been disproved by academics and that a large portion of job postings are for poaching successful employees. Danielle expects Powell to be patient until the effects show up in the fiancial market. Lastly, she notes the upcoming rotation of the voting committee which is shifting in a dovish direction but Powell has veto power to push back against dissenters. Time Stamp References:0:00 - Introduction0:43 - Fed News & Damage6:28 - Job Opening Data8:40 - BOE Intervention & Fed10:35 - Mortgage Rates & MBS12:05 - Fed Security Losses13:08 - Inflationary Causes?15:04 - Fed Doves Are Flocking16:45 - Powell's Powers & FOMC18:17 - Wrap Up Talking Points From This Episode The job openings data is being used by Chair Powell to justify his decisions, even though it is not reliable.The Fed's balance sheet reduction policy and its potential implications are discussed, as well as the upcoming changes to the voting committee.Why the Fed should investigate how inflation got so high. Guest Links:Twitter: https://twitter.com/DiMartinoBoothWebsite: https://quillintelligence.com/YouTube: https://www.youtube.com/c/DanielleDiMartinoBoothQI Danielle DiMartino Booth is CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm. DiMartino Booth set out to launch a #ResearchRevolution, redefining how market intelligence is conceived and delivered, with the goal of not only guiding portfolio managers but promoting financial literacy. To build QI, she brought together a core team of investing veterans in analyzing the trends and providing critical analysis of what drives the markets. Since its inception, commentary and data from DiMartino Booth's The Daily Feather 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 on monetary policy, economics, and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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. Before Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas, serving as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in 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 is CEO and Chief Strategist for Quill Intelligence LLC, an independent research firm. She spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in March 2015. DiMartino Booth's work at the Fed focused on financial stability and the efficacy of unconventional monetary policy. She 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. In this episode we discuss: - Danielle's origin story and work for the Federal Reserve - The Fed raising rates and how long they can stay hawkish before something systemic breaks - #Bitcoin - The American Dream and the future of capitalism Follow Danielle on Twitter https://twitter.com/DiMartinoBooth IN THIS EPISODE: Coin Stories is powered by @Swan Bitcoin  the best way to build your Bitcoin stack with automated Bitcoin savings plans and instant purchases. Swan serves clients of any size, from $10 to $10M+. Visit https://www.swanbitcoin.com/nataliebrunell for $10 in Bitcoin when you sign up. If you are planning to buy more than $100,000 of Bitcoin over the next year, the Swan Private team can help. BITCOIN 2023 by  @Bitcoin Magazine  will be the biggest Bitcoin event in history May 18-20 in Miami Beach. Speakers include Michael Saylor, Lyn Alden and Michelle Phan, plus a Day 3 music festival. Nearly 30,000 people attended Bitcoin 2022. Get an early bird pass at a steep discount at https://b.tc/conference code HODL for 10% off your pass. With iTrustCapital you can invest in crypto without worrying about taxes or fees, through an individual retirement account. IRAs are tax-sheltered accounts, which means all your crypto trading is tax-free and can even grow tax-free over time. The best part is it's totally free to open an account, and there are no hidden fees, monthly subscriptions or membership fees. Get a $100 funding bonus if you open and fund an account. Go to https://itrust.capital/nataliebrunell to learn more and open a free account. iTrust IRAs are FDIC insured up to $250,000. Fold is the best Bitcoin rewards debit card and shopping app in the world! Earn Bitcoin on everything you purchase with Fold's Bitcoin cash back debit card, and spin the Daily Wheel to earn free Bitcoin. Head to https://www.foldapp.com/natalie for 5,000 in free sats! Health insurance sucks. The government and insurance companies have jacked the price, increased complexity, and made insurance almost unusable. You send your money to the health insurance black hole and never see it again. Then, when you get hurt you have to send them more money. The great news is now you have an alternative: CrowdHealth. It's totally different from insurance. Instead of sending your hard earned money to an insurance company, you hold your money in an account CrowdHealth helps you set up when you join. You can even convert dollars in that account into Bitcoin. When someone in the community has a health need, you help them out directly and if there is Bitcoin or $ left over in your account when you leave, you take it with you. https://www.joincrowdhealth.com/natalie  OTHER RESOURCES - Natalie's website https://talkingbitcoin.com/ - Quill Intelligence https://quillintelligence.com/ ⏤ ⏤ ⏤ VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories BTC wallet bc1ql8dqjp46s4eq9k3lxt0lxzh6f2wcu35cl6944d ⏤ ⏤ ⏤ FOLLOW NATALIE ON SOCIAL MEDIA Twitter https://twitter.com/natbrunell Instagram https://www.instagram.com/nataliebrunell Linkedin https://www.linkedin.com/in/nataliebrunell ⏤ ⏤ ⏤ DISCLAIMER This show is for entertainment purposes only and does not give financial advice. Before making any decisions consult a professional.

Tom welcomes back Danielle DiMartino Booth, she is CEO and Chief Strategist for Quill Intelligence, a research and analytics firm. Danielle discusses the amount of work that goes into every press release the Fed puts out. They have a hypersensitivity to how and what they place in these releases. Powell has a largely thankless job, and the question is are they relying on lagging information. Danielle recently nicknamed Jerome Powell "make my day Jay" when he was told the markets were up during a press conference. We're seeing larger moves in housing than was expected. Home prices are falling in half of the U.S. while some regions see prices still increasing as some people see it as an opportunity. Amazon needs to match consumer demand, and we see them laying off people as demand declines. We're now seeing surplus inventory in the supply chains that no one is buying. Powell's pain point will come when something critical breaks in the credit markets. A yield curve inversion signalled that credit would be tightening. However, now the way to interpret it is in terms of banks extending credit. If banks can't see profit in lending, they won't lend, and then the economy will slow. Lastly, Danielle discusses the recent FTX crypto exchange collapse and the concept of Central Bank Digital Currencies. Tom notes that the Ontario Teachers Pension had 90+ million invested in FTX. This is not the place you expect to find your pension plan investing diligently. Time Stamp References:0:00 - Introduction0:38 - Fed & Press Releases2:28 - Powell Nickname5:13 - Carvana & Auto Sales7:59 - Housing & CPI Metrics13:22 - Wage Price Spiral19:07 - CPI & PPI Numbers23:05 - Fed Politics & Recessions27:40 - Powell & Credit Markets33:20 - Fed Data & Actions35:33 - U.S. & U.K. Pension Systems38:12 - Crypto & Regulators40:05 - CBDCs & Governments44:55 - Wrap Up Talking Points From This Episode The Fed's micromanaging approach to press releases.The Recent Fed press statement and Jerome's responding aggressively to being told markets we're up.The housing markets and excess supply in goods that no one is buying.The problems with pensions and the crypto markets. Guest Links:Twitter: https://twitter.com/DiMartinoBoothWebsite: https://quillintelligence.com/YouTube: https://www.youtube.com/c/DanielleDiMartinoBoothQI Danielle DiMartino Booth is CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm. DiMartino Booth set out to launch a #ResearchRevolution, redefining how market intelligence is conceived and delivered, with the goal of not only guiding portfolio managers but promoting financial literacy. To build QI, she brought together a core team of investing veterans in analyzing the trends and providing critical analysis of what drives the markets. Since its inception, commentary and data from DiMartino Booth's The Daily Feather 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 on monetary policy, economics, and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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. Before Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas, serving as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in 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,

Danielle DiMartino Booth, the CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm, joins Julia La Roche on episode 31. DiMartino Booth set out to launch a #ResearchRevolution, redefining how markets intelligence is conceived and delivered with the goal of not only guiding portfolio managers, but promoting 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 inception, commentary and data from DiMartino Booth's The Daily Feather 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 on monetary policy, economics and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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 Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where 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. (Also, here are the links to Danielle's 2007 papers at the Dallas Fed, The Rise And Fall Of Subprime Mortgages: https://www.dallasfed.org/~/media/documents/research/eclett/2007/el0711.pdf, and From Complacency To Crisis: Financial Risk Taking in the early 21st Century https://www.dallasfed.org/~/media/documents/research/eclett/2007/el0712.pdf) 0:00 Intro 0:42 At a critical juncture 1:38 We're in a global recession right now 2:50 A much different construct in this layoff cycle 4:17 A white-collar recession 5:45 How a white-collar wave of layoffs impacts the economy 6:37 Quiet quitting is un-American 8:32 Can the Fed engineer a soft landing? 10:40 Few are accustomed to the type of Fed we have now 12:05 Maybe Jay Powell wants to kill the Fed put 15:20 Jay Powell wants to establish a better legacy 16:47 Not enough at the Fed has changed 18:12 If the Fed succeeds, Main Street will be the real winner 22:22 There will be air come out of this housing bubble 25:08 Investors exacerbating this housing cycle 27:13 Fed policies fed speculation in housing 28:18 The risk lives in the credit market 30:50 Watching continuous jobless claims 32:00 Are we set up for an even worse recession? 33:00 Biggest risk 35:19 Millennials, Gen Z will have to deal with a different reality 37:17 Time for Millennials to rise

In the episode, breaking the Fed Put is something we consider. Unchecked, unlimited power has us thinking that something needs to change. But, policy paralysis continues. The FrankeFed experiment and a look inside what actually goes in within the walls of the Federal Reserve with our guest, Danielle DiMartino Booth. As Founder & CEO of Quill Intelligence, Danielle DiMartino Booth set out to launch a #ResearchRevolution, redefining how markets intelligence is conceived and delivered. 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. A global thought leader on monetary policy, economics and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), has a column on Bloomberg View, is 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 Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis. 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. Follow @DiMartinoBooth Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Stocks mentioned in this episode: (BAC), (GS), (WFC), (JPM)

Finally, an up week for markets – but still squirrelly. Oil Down, commodities down, VIX hanging under 30. Gas tax holiday announced and other bad ideas coming your way Guest, Fed Insider Danielle Dimartimo Booth. As Founder & CEO of Quill Intelligence, Danielle DiMartino Booth set out to launch a #ResearchRevolution, redefining how markets intelligence is conceived and delivered. 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. A global thought leader on monetary policy, economics and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), has a column on Bloomberg View, is 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 Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis. 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. Follow @DiMartinoBooth Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE Stocks mentioned in this episode: (FDX), (LEN), (KBH, (CROX), (CCL), (NCL), (RCL)

Richard W. Fisher, the former CEO of the Federal Reserve Bank of Dallas and current CNBC Commentator joins KRLD's David Johnson to discuss the current financial outlook.

Investors panic to cover shorts, then panic sell. Turkey drops rates again, market plunges The Fed, The Fed and The Fed - - and our guest, Danielle DiMartino Booth takes us through the implications of the Fed's recent decision. Danielle DiMartino Booth is CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm. DiMartino Booth set out to launch a #ResearchRevolution, redefining how markets intelligence is conceived and delivered with the goal of not only guiding portfolio managers, but promoting 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 inception, commentary and data from DiMartino Booth's The Daily Feather 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 on monetary policy, economics and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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 Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where 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. Follow @DiMartinoBooth Join clients from over 200 countries and territories to invest globally in Stocks, Options, Futures, Forex, Bonds and Funds from a single integrated account at the lowest cost at IBKR.com Learn More at http://www.ibkr.com/ OurCrowd's investment professionals leverage their extensive network to review some of the most promising private companies and startups in the world. Check it out at http://www.ourcrowd.com/tdi DECEMBER 2021 - WEBINAR REPLAY Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - https://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (PTON), (DOCU), (ZM), (QQQ), (TLT)

Jay is joined by Danielle DiMartino Booth, CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. A global thought leader on monetary policy, economics, and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, a business speaker, and a commentator frequently featured on CNBC, Bloomberg, Fox News, Fox Business News, BNN Bloomberg, Yahoo Finance, and more. Prior to Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis, until his retirement in 2015. She joins Jay to discuss a variety of topics, including navigating market chaos, investing in 2021, keeping your silver & gold, and currencies. She believes FED created zombie companies that survive off of life support and prevent new companies from being born. She posits that consumer spending will not go up, and discusses the impacts that business-travel related industries will suffer as people continue to prove what was once done in airports and hotels can be done from the comfort (and personal expense) of your own home.   Slides referenced in this episode can be found here: https://www.jaymartin.club/ddb-slides You can keep up with Danielle on Twitter, @DiMartinoBooth, and don't forget to pick up a copy of her book, Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America.  Join our investment community and sign up for our free weekly newsletter at cambridgehouse.com. Keep up with Jay all over social media @jaymartinbc. Be sure to leave a review, rate us 5 stars, and follow the podcast to be notified of new episodes each week. 

In this episode, Dr. Bob welcomes Danielle DiMartino Booth back to the show for part two of their conversation. Danielle talks extensively about how consumer debt can negatively impact your life and so much more. Danielle brings her expertise and many years in the finance world to this discussion - this is a must listen episode, friends!   Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm.  Prior to Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis.  She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017).   How to contact Danielle DiMartino Booth: Website  Instagram  Twitter  Facebook  YouTube ​ How to contact Dr. Bob: YouTube Instagram  Facebook Seven Secrets Of The Newborn Website Pacific Ocean Pediatrics

In this episode, Dr. Bob welcomes Danielle DiMartino Booth to the show for the first of two episodes. In part one, Danielle talks about her journey to a career in finance and then shares important information about the Federal Reserve and the trillion dollar debt crisis that is affecting our country and ultimately the future generation.   Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm.  Prior to Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis.  She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017).   How to contact Danielle DiMartino Booth: Website  Instagram  Twitter  Facebook  YouTube ​   How to contact Dr. Bob: YouTube Instagram  Facebook Seven Secrets Of The Newborn Website Pacific Ocean Pediatrics

#120 Danielle Di Martino Booth Recorded 29th March 2021 https://twitter.com/DiMartinoBooth Danielle DiMartino Booth is CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm celebrating its one-year anniversary of launching The Daily Feather and the four-year anniversary of the Weekly Quill. DiMartino Booth set out to launch a #ResearchRevolution, redefining how markets intelligence is conceived and delivered with the goal of not only guiding portfolio managers, but promoting 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 inception, commentary and data from DiMartino Booth's The Daily Feather 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 on monetary policy, economics and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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 Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where 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. To sign up for her daily newsletter, The Daily Feather, please go to quillintelligence.com. Discount code: QuillMarch2021 Media picks/links discussed: NFTs – SNL: https://youtu.be/mrNOYudaMAc State of the Markets Podcast Paul Rodriguez of https://ThinkTrading.com https://twitter.com/prodr1guez Tim Price of https://Pricevaluepartners.com https://twitter.com/timfprice Podcast links: https://sotmpodcast.com https://anchor.fm/stateofthemarkets https://apple.co/2OUGW6R All podcasts available on youtube: https://www.youtube.com/channel/UC-tcfr0by81zN6DMn2Oii0A --- Send in a voice message: https://anchor.fm/stateofthemarkets/message

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Danielle DiMartino Booth Bio CEO & Chief Strategist, Quill Intelligence https://quillintelligence.com/ The author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America Worked at the Fed, advisor to Dallas President Richard W. Fisher during the GFC Other topics covered this week: FOMC statement from last week https://www.federalreserve.gov/newsevents/pressreleases/monetary20200729a.htm FOMC holds policies steady. Places all blame on the virus. The virus has its own dual mandate here 1) distract from systemic weakness and failures 2) help manipulate sentiment, hopefully sentiment will recover as virus pressures abate ECB and Bundesbank view Germany’s Constitutional Court’s demands met http://archive.vn/S6vAN Euro spike discussed in context of a longer recession

Danielle DiMartino Booth is a global thought leader on monetary policy, economics and finance. Among her varied career milestones, she’s been a full-time columnist for Bloomberg View, 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. Before starting Quill Intelligence in 2018, she spent nine years at the Federal Reserve Bank of Dallas. Danielle 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.

Danielle DiMartino Booth is a global thought leader on monetary policy, economics and finance. Among her varied career milestones, she’s been a full-time columnist for Bloomberg View, 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. Before starting Quill Intelligence in 2018, she spent nine years at the Federal Reserve Bank of Dallas. Danielle 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.

Tom welcomes Danielle DiMartino Booth back to the program. Danielle is the CEO and Chief Strategists for Quill Intelligence, a research, and analytics firm. Danielle discusses the rapidly growing debt paradigm and why the Fed believes they can increase debt faster and faster without consequence. Now they need Congress to pass additional stimulus programs to maintain the system. These stimulus programs keep the stock markets levitated while the idea of "Don't fight the Fed" is suppressing and stifling competition and innovation. Today, the country that grows it's balance sheet the fastest can also devalue their currency the quickest. The worst-case scenario is stagflation, and in that environment, gold heads higher but buying power declines rapidly. She outlines the risks of throwing money at people who aren't working. There is a spiral of demand destruction that will lead to losses in higher-end jobs, further reducing consumption. Tensions are building in the United States, and mortgage delinquencies are going to go through the roof. Many of Washington's decisions are due to the elections, and those actions will be tough to reverse. This will likely lead to some form of permanent universal basic income. Americans will naturally be okay with UBI unless presented with an alternate plan such as massive infrastructure spending. Time Stamp References:1:15 - Trajectory of debt growth.2:30 - Fed needing congress to issue stimulus.5:20 - Countries, debts, currencies, a race to the bottom.7:20 - Stagflation risks.9:10 - Demand destruction and high-end jobs.11:40 - Forebearance and foreclosures.13:08 - Mortgage lending standards.14:40 - Home equity and stocks.15:40 - Overpaying with stimulus.16:40 - Disposable income is up.18:00 - Japan after WW2.20:40 - Deflation will continue.22:00 - Uncharted territory. Talking Points From This Episode Rapidly growing debt and more stimulus.Currency race to the bottom.Demand destruction and fewer jobs.Risk of stagflation and widespread foreclosures. Danielle DiMartino Booth is CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm. DiMartino Booth set out to launch a #ResearchRevolution, redefining how market intelligence is conceived and delivered with the goal of not only guiding portfolio managers but promoting financial literacy. To build QI, she brought together a core team of investing veterans in analyzing the trends and providing critical analysis of what drives the markets ? both in the United States and globally. Since inception, commentary and data from DiMartino Booth's The Daily Feather 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 on monetary policy, economics, and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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. Before Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas, serving as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in 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 Journalis...

Tom welcomes Danielle DiMartino Booth back to the program. Danielle is the CEO and Chief Strategists for Quill Intelligence, a research, and analytics firm. Danielle discusses the rapidly growing debt paradigm and why the Fed believes they can increase debt faster and faster without consequence. Now they need Congress to pass additional stimulus programs to maintain the system. These stimulus programs keep the stock markets levitated while the idea of "Don't fight the Fed" is suppressing and stifling competition and innovation. Today, the country that grows it's balance sheet the fastest can also devalue their currency the quickest. The worst-case scenario is stagflation, and in that environment, gold heads higher but buying power declines rapidly. She outlines the risks of throwing money at people who aren't working. There is a spiral of demand destruction that will lead to losses in higher-end jobs, further reducing consumption. Tensions are building in the United States, and mortgage delinquencies are going to go through the roof. Many of Washington's decisions are due to the elections, and those actions will be tough to reverse. This will likely lead to some form of permanent universal basic income. Americans will naturally be okay with UBI unless presented with an alternate plan such as massive infrastructure spending. Time Stamp References:1:15 - Trajectory of debt growth.2:30 - Fed needing congress to issue stimulus.5:20 - Countries, debts, currencies, a race to the bottom.7:20 - Stagflation risks.9:10 - Demand destruction and high-end jobs.11:40 - Forebearance and foreclosures.13:08 - Mortgage lending standards.14:40 - Home equity and stocks.15:40 - Overpaying with stimulus.16:40 - Disposable income is up.18:00 - Japan after WW2.20:40 - Deflation will continue.22:00 - Uncharted territory. Talking Points From This Episode Rapidly growing debt and more stimulus.Currency race to the bottom.Demand destruction and fewer jobs.Risk of stagflation and widespread foreclosures. Danielle DiMartino Booth is CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm. DiMartino Booth set out to launch a #ResearchRevolution, redefining how market intelligence is conceived and delivered with the goal of not only guiding portfolio managers but promoting financial literacy. To build QI, she brought together a core team of investing veterans in analyzing the trends and providing critical analysis of what drives the markets ? both in the United States and globally. Since inception, commentary and data from DiMartino Booth's The Daily Feather 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 on monetary policy, economics, and finance, DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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. Before Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas, serving as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in 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 Journalis...

Danielle and I talk the the origins of Covid, why China shouldn't be taken lightly and how badly the Fed is prying open the inequality gap. Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC. DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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 Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where 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. The QTR Podcast is a completely, 100% listener supported podcast that is always going to be free. YouTube does not let me monetize my videos on the site and the podcast is full time work which will never have ads in the middle of it. If you enjoy the content, please support the QTR Podcast in any or all of the following ways: A small recurring donation via: Patreon: https://www.patreon.com/QTRResearch One time donations can also be sent via:Bitcoin: 3G25NvNbGZsaDfoxTBzRFticKa4LDUeBpkVenmo: @chrisinphiladelphiaPaypal: https://www.paypal.me/qtrresearch You can join my e-mail list here and visit my website at www.quoththeravenresearch.com for all of my content. QTR MERCH is also now available here. You can also follow me on YouTube, Twitter, and Instagram. THANK YOU TO ALL OF MY KIND PATRONS. Please show love to those who support the QTR Podcast:  Biggest Patron Donors    JM Bullion - where QTR buys gold & silver - Twitter: @JMBullion The Trader's Path - no BS trading service - Twitter: @PLHStock Sang Lucci Trading - the 3LT playbook - also, the SL Master Course  Corvus Gold - http://www.corvusgold.com Investors Underground - day trading community - Twitter: @investorslive  Ken R  Chris Bede - Twitter: @cbede  Nicholas Parks Matthew Zimmer J Mintzmyer - Twitter: @mintzmyer Russ Valenti - Twitter: @russellvalenti  Creighton Titus Longest Running Supporters   Max Mulvihill - Since 2/2018  Kyle Thomas - Since 4/2018  Chris Bede - Since 5/2018  Dariusz Kordonski - Since 5/2018  Chris Gerrard - Since 5/2018    All podcast content is subject to this disclaimer.    Chris is not an investment adviser. QTR is long gold and silver. Listeners should always speak to their personal financial advisers. Please leave me alone.

As we wrap our first season, we decided to turn the mic on Richard W. Fisher, Mile's father. Richard has an incredibly inspiring story and led a distinguished career in the public and private sectors. This eye-opening episode is followed by Richard and Miles answering a few listener questions about life, and the constant exploration to better ourselves through the stories of others. ** Coffee with the Greats is produced by Blamo Media

This week I am joined on the #htotdpodcast by Danielle DiMartino Booth.  Former investment banker, Dallas Federal Reserve Advisor, Author of “Fed Up” and financial expert and commentator on economic trends, Danielle provides context to federal action, what’s going on in the economy and educates on the perils of the path we are taking. I was a fan before. I’m a bigger fan now. I hope you enjoy the conversation as much as I did.   #hottakeoftheday Episode 62 w/Danielle DiMartino Booth https://youtu.be/A0YrzIRFCzg   Audio podcast   About Danielle Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. Financial expert Danielle DiMartino Booth poses for a portrait, Thursday, July 19, 2018 in uptown Dallas. DiMartino Booth set out to launch a #ResearchRevolution, redefining how markets intelligence is conceived and delivered with the goal of not only guiding portfolio managers, but promoting 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 inception, commentary and data from DiMartino Booth’s The Daily Feather 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 on monetary policy, economics and finance, DiMartino Booth founded Quill Intelligence in 2018.  She is the author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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 Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where 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.   Dialogue 00:00 - 05:00:  Intro & background, Twitter, Housing Crisis prediction, Wall Street greed, "Equities in Dallas", Journalism, Federal Reserve 05:00 - 10:30:  Journalism & Reporting, Donald Trump, Credit Markets, Issuance shutdown 10:30 - 17:30:  Halloween 2018 and Corporate Bond Market, QE & dollar funding, inflation, COVID and credit cycle 17:30 - 27:00:  Initial Jobless claims, small & medium enterprise sectors leverage vs. big corporations, small bank loans, asset price inflation, deflationary pressures, Fed leadership & job creation (or lack thereof) 27:00 - 41:00:  Political landscape and upcoming election, unemployment and accuracy of reporting, life at the Dallas Fed, education and financial literacy   Related Mentions Liar's Poker Columbia Journalism School Dallas Morning News Warren Buffett Richard Fisher Global Housing Crisis Collateralized Debt Obligations Fed Up Jerome Powell GE Debt downgrade QE - Quantitative Easing Michael Lewis, "The Big Short" Bear Stearns Treasury Inflation Protected Securities market Federal Reserve Credit Program announcement March 23, 2020 Credit Cycle Voldemort Colin Powell John Kasich US Department of Labor Mitch McConnell CARES Act #DRWforColorado2022        

Danielle DiMartino Booth Bio CEO & Chief Strategist, Quill Intelligence https://quillintelligence.com/ The author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America Worked at the Fed, advisor to Dallas President Richard W. Fisher during the GFC Other topics covered this week: FOMC statement from last week https://www.federalreserve.gov/newsevents/pressreleases/monetary20200729a.htm FOMC holds policies steady. Places all blame on the virus. The virus has its own dual mandate here 1) distract from systemic weakness and failures 2) help manipulate sentiment, hopefully sentiment will recover as virus pressures abate ECB and Bundesbank view Germany’s Constitutional Court’s demands met http://archive.vn/S6vAN Euro spike discussed in context of a longer recession

Danielle and I talk the Fed, the coronavirus/Covid-19 crisis, the effect on the economy, common sense, the political landscape heading into 2020 and learning to enjoy hugging each other once again.  Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC. DiMartino Booth founded Quill Intelligence in 2018. She is the author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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 Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where 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. The QTR Podcast is a completely, 100% listener supported podcast that is always going to be free. YouTube does not let me monetize my videos on the site and the podcast is full time work which will never have ads in the middle of it. If you enjoy the content, please support the QTR Podcast in any or all of the following ways:   A small recurring donation via: Patreon: https://www.patreon.com/QTRResearch One time donations can also be sent via:Bitcoin: 3G25NvNbGZsaDfoxTBzRFticKa4LDUeBpkVenmo: @chrisinphiladelphiaPaypal: https://www.paypal.me/qtrresearch You can join my e-mail list here and visit my website at www.quoththeravenresearch.com for all of my content. QTR MERCH is also now available here. You can also follow me on YouTube, Twitter, and Instagram. THANK YOU TO ALL OF MY KIND PATRONS. Please show love to those who support the QTR Podcast:    Biggest Patron Donors    JM Bullion - where QTR buys gold & silver - Twitter: @JMBullion The Trader's Path - no BS trading service - Twitter: @PLHStock Sang Lucci Trading - the 3LT playbook - also, the SL Master Course  Corvus Gold - http://www.corvusgold.com Investors Underground - day trading community - Twitter: @investorslive  Ken R  Chris Bede - Twitter: @cbede  Nicholas Parks Matthew Zimmer J Mintzmyer - Twitter: @mintzmyer Russ Valenti - Twitter: @russellvalenti  Creighton Titus Longest Running Supporters   Max Mulvihill - Since 2/2018  Kyle Thomas - Since 4/2018  Chris Bede - Since 5/2018  Dariusz Kordonski - Since 5/2018  Chris Gerrard - Since 5/2018    All podcast content is subject to this disclaimer.    Chris is not an investment adviser. Listeners should always speak to their personal financial advisers

My guest in this episode is Danielle DiMartino Booth. Danielle is the CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm. DiMartino Booth set out to launch a #ResearchRevolution, redefining how market intelligence is conceived and delivered with the goal of not only guiding portfolio managers but promoting 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 inception, commentary and data from DiMartino Booth’s The Daily Feather 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 on monetary policy, economics, and finance, DiMartino Booth founded Quill Intelligence in 2018.  She is the author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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 Quill, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where 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. Interview Links: Danielle DiMartino Booth Resources: Create A Strategy Become The Bank Join Our Community

Danielle is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in March 2015. DiMartino Booth founded Quill Intelligence and in 2018 authored ofFED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a full-time columnist for Bloomberg View, 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 Quill, Her work at the Fed focused on financial stability and the efficacy of unconventional monetary policy. State of the Markets Podcast Paul Rodriguez of https://ThinkTrading.com https://twitter.com/prodr1guez Tim Price of https://Pricevaluepartners.com https://twitter.com/timfprice Danielle DiMartino Booth https://quillintelligence.com https://twitter.com/DiMartinoBooth Fed Up https://g.co/kgs/YJB8JP Media pick Lords of Finance https://g.co/kgs/e91kCJ The Goldfinch https://g.co/kgs/ZGVDhx Tim's Media Pick: Ozark - Netflix https://g.co/kgs/ik1cqC Paul's Media pick Fahrenheit 11/9 https://g.co/kgs/KxPzRU Podcast links: https://sotmpodcast.com https://anchor.fm/stateofthemarkets https://apple.co/2OUGW6R All podcasts available on youtube: https://www.youtube.com/channel/UC-tcfr0by81zN6DMn2Oii0A --- Send in a voice message: https://anchor.fm/stateofthemarkets/message

Danielle DiMartino Booth is a global thought leader on monetary policy, economics and finance. She is the author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017). FED UP rose to #22 on Amazon’s Best Seller List.DiMartino Booth founded Money Strong LLC in 2015. Through her economic consultancy, she has published a weekly newsletter for 140 consecutive weeks. Her writings are regularly featured on Linked In, Seeking Alpha, Nasdaq, Talk Markets and dozens of other websites. In affiliation with Gartman Media, DiMartino Booth also publishes a weekly newsletter subscribed to by institutional investors.DiMartino Booth is a full-time columnist for Bloomberg View, a business speaker, and a commentator frequently featured on CNBC, Bloomberg, Bloomberg Radio, Fox News, Fox Business News and other major media outlets.Prior to Money Strong, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher until his retirement in March 2015. She continues to research, write and speak on the financial markets, focusing recently on the ramifications of credit issuance and how it has driven global fixed income, equity and real estate market valuations. Sounding an early warning about the housing bubble in the 2000s, DiMartino Booth has earned a reputation for making bold predictions based on meticulous research and her unique perspective honed from years of experience in central banking and on Wall Street. 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.For more information visit: https://quillintelligence.com/http://dimartinobooth.com/

Danielle DiMartino Booth is CEO and director of Intelligence for Quill Intelligence LLC, a new research and analytics firm. She is known for her meticulous research in the financial markets and her unique perspective honed from years of experience in central banking and on Wall Street. Danielle is a global thought leader sought after for her insights on monetary policy in the United States and elsewhere. In a sign of her ideas’ value, European Parliamentarians invited her to Brussels in May 2018 to share her insights on global economic trends and fiscal policy.     Track record at Federal Reserve Bank of Dallas  Earlier last decade, Danielle spent nine years from 2006 at the Dallas Fed, where she served as the advisor to that district’s president, Richard W. Fisher, until his retirement in March 2015. She provided market intelligence and policy briefings and advised Fisher on policy, a unique role, which had not existed outside of the New York Fed before her appointment. Get to know Danielle in today’s feature story, her remarkable career journey from working in equity markets and then being an advisor to Fisher, to her current role as a financial consultant, author, and commentator. More importantly, discover what she regards as her most significant investment loss and the valuable lessons she learned from it.      “My biggest lesson that I’ve ever learned is that I will never again deny the simplicity and the utility of liquidity and it’s as simple as that.”  - Danielle DiMartino Booth       Financial analyst has dodged some serious bullets in her time  While these podcasts are about missteps all our guests have made, Danielle has also had a considerable share of good fortune or made decisions that saved her from calamity; none perhaps more than her rejection of employment offers from four of the most infamous or ill-fated companies in US history: Arthur Andersen, Enron, Lehman Brothers, and Bear Stearns.     So, as she told Andrew: “You never know in life that your choice might just end up being serendipitous but indeed providential at the same time.” This all happened was right before Danielle started working on Wall Street, which was before she returned to Dallas to serve at the Federal Reserve, which was also a move she had never planned to make. Danielle revisits New York every two or three weeks to contribute analysis to media outlets as one of the “Fed Whisperers,” offering explanations as she “understands how central bankers think,” which is a rare talent.     ‘Chief architect’ of liquidity rebirth failed to take her own advice  As a Fed insider, Danielle witnessed the meltdown following the financial crisis of 2007-2008. Her Dallas Fed boss at the time, Richard Fisher, was being criticized for comments against the Fed lowering interest rates to the “zero-bound.” He had pointed out that the ongoing problem was not a case of the price of credit being the impediment to the market working but rather liquidity being frozen, despite it being richly liquid in the years beforehand.     Danielle witnessed and understood her boss’ comments. She had helped to create many of the liquidity systems applied via the New York Fed. She had helped to turn on the financial “jaws of life” to force open the capital markets with liquidity facilities. What she realizes now is she had listened but not truly heard, looked but not truly seen. She had learned nothing from experience.    Despite being “one of the chief architects of these facilities”, she said was perhaps blinded by the emotion brought on by taking interest rates to zero unnecessarily. Then she saw first-hand the collapse of the global investment bank, Lehman Brothers, and the bailout of AIG at the cost of US$85 billion bailouts. In the following months, she saw quantitative easing (QE, more or less printing money) rolled out and the effect that had on financial markets. Again and again, she failed to recall the lesson she had taught others about the importance of liquidity.    Now 10 years on, Danielle notes that the European Central Bank (ECB) finally stopped its QE program (one of the measures used to stimulate liquidity and therefore the markets) early this year but flags up that it is going to be the first for being “net negative in a global liquidity position in over a decade”.      Danielle’s takeaways  1. When liquidity opened up, Danielle says she should have jumped in feet first and invested enthusiastically to follow the flow until ECB chairman Mario Draghi put a halt on the ECB’s QE, but not until then because …   2. “Liquidity is global. It is fungible, it is agnostic, it knows no borders, and it knows no asset classes. It flows to wherever the cracks are open.” Liquidity moves where it can “find a home.” Every single asset class in the world has moved up, even gold, because of the rise in liquidity, which, over the past decade, “has found many homes”:   Australian, New Zealand and Canadian real estate  Many commodities markets  Hong Kong residential real estate   Commercial real estate in London   Corporate bonds in the United States   Stocks almost anywhere   3. Investors need to understand that as long as the wave of liquidity exists, they should not fight the waves. She explains: “As long as the liquidity is abundant, then you should be invested in risky assets.”    4. BUT: Now that liquidity is being withdrawn, the markets (and investors) do not like it at all.    5. Investors worldwide should be really aware of what central bankers are doing, and that is, all central bank bosses are applying the same policies  Even the Bank of Japan appears like it will not continue down the QE path.   The fact that QE is being pulled back into 2019 “should be completely front and center for investors worldwide”.    Andrew’s takeaways  1. Looking back at Danielle’s time at the Fed, interest rates were coming down.     2. As Danielle said, the price of credit, in other words, the interest rate, did not cause tightening in that market. Instead, the banks were flush with cash, but they were not lending.     3. Though lending rates were low, banks were risk averse and held back on lending.     4. The Fed stepped in and tried to get liquidity moving in the system.    5. When interest rates are brought down, and floods of money come into a system, you usually get two things:   Inflation, and   Malinvestment    Q&A on debt and how investors should prepare for the coming storm    Andrew Q1:   Companies and individuals were really hurt after the crisis, so they did not borrow that much in the first five years after the financial crisis. But a lot of that bad debt went onto the balance sheet of the US government.   Now the government’s sitting on a huge pile of debt and that is partly put on the Chinese government also.   Is this just a currency/government problem or is it really a consumer and a company problem now?     Danielle A1: Both sadly.     Aggregate GDP in China is above 300%; their non-financial debt is the likes of which we’ve never seen.   Non-financial debt to GDP in the United States is higher than it’s been in the history of mankind.  So is government debt – looking at US$1.3 trillion in deficit by next year.     Andrew Q2:   What should the average Joe investor think now that we see that the market is very high, driven by lots of the factors that we’re talking about? Is it going to go higher? Or should they think this is headed for a crash? Or can the markets be maintained at this level?    Danielle A2:     A lot of people think that governments and/or central banks are going to turn on the money-printing-press again   BUT: Before they turn the printing press on, they will have to lower interest rates back to the zero-bound.   That means going through a recession to get there.   “I lost in the weeds … because I was a bitter person inside the factory, inside the money-printing institution.”  “As long as the liquidity is abundant, then you should be invested in risky assets. If the liquidity spigot turns off, then you should not be ashamed to take advantage of 3% returns on cold hard cash and maybe have some gold as a hedge, in the coming one or two years.”     Final words from Danielle:  “You always take your profits off the table. If you want to let the dice roll, leave your cost base is there, take your profits. Put them in something safe, call it a day and you’ve still got a foothold in your original position.”    In other words, when she was working on Wall Street, Danielle used to have a yellow post-it on her computer that said:    “Pigs get fat; hogs get slaughtered.”    Resources from Andrew Stotz:  Andrew Stotz book 9 Valuation Mistakes and How to Avoid Them  My Worst Investment Ever  How to Start Building Your Wealth Investing in the Stock Market    Further reading:  Hidden in Plain Sight: What Really Caused the World’s Worst Financial Crisis and Why It Could Happen Again – Peter Wallison      Resources from Danielle DiMartino Booth: Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America  Latest Weekly Newsletter     Connect with Danielle DiMartino Booth: dimartinobooth.com LinkedIn Twitter YouTube Connect with Andrew Stotz: astotz.com LinkedIn Facebook Instagram Twitter YouTube My Worst Investment Ever Podcast

  My guest in this episode is Danielle DiMartino Booth. Danielle is a global thought leader on monetary policy and economics. She is the author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America. FED UP, which rose to #22 on Amazon’s Best Seller List, is currently in its fifth production run. DiMartino Booth founded Money Strong LLC in 2015. Through her economic consultancy, she has published a weekly newsletter for 132 consecutive weeks. Aside from her vast direct distribution network, more than 100,000 readers enjoy her newsletter on a weekly basis via Linked In, Seeking Alpha, Nasdaq, Talk Markets and dozens of other websites. DiMartino Booth is also a full-time columnist for Bloomberg View, a business speaker, and a commentator frequently featured on CNBC, Bloomberg, Bloomberg Radio, Fox News, Fox Business News and other major media outlets. DiMartino Booth recently accepted a position as Senior Economic Advisor for Commerce Street Capital. Prior to Money Strong, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas where she served as Advisor to President Richard W. Fisher until his retirement in March 2015. She continues to research, write and speak on the financial markets, focusing recently on the ramifications of credit issuance and how it has driven global fixed income, equity and real estate market valuations. Sounding an early warning about the housing bubble in the 2000s, DiMartino Booth has earned a reputation for making bold predictions based on meticulous research and her unique perspective honed from years of experience in central banking and on Wall Street. 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. Interview Links: Dimartinobooth.com If you have enjoyed our podcast, please share with friends and family Please Subscribe, Rate, and Review on Itunes so more people can find us! so more people can find us! Please Support Us by Becoming A Patron on Patreon Open Your Goldmoney Account & Get A 5% Bonus Support Our Sponsors Gelt Inc.,  is committed to providing investors with quality, cash-flowing investment opportunities and is seeking to acquire multifamily, retail, and mobile home park properties in the Western United States with an emphasis in California, Utah, Nevada, Arizona, Colorado, and Oregon. www.geltinc.com The Real Asset Investor, create value for investors looking for higher yield returns from real estate ventures domestically and also internationally and other real asset classes such as ATM's. www.therealassetinvestor.com Joint Ops Properties, have designed a system to take any beginner to an experienced deal making investor in the least amount of time, offering opportunities from basic education, coaching, bridge investing to turn-key investments in the cash flowing market of St. Louis, MO. www.jointopsproperties.com Norada Real Estate helps take the guesswork out of real estate investing.  By researching top real estate growth markets and structuring complete turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability. www.noradarealestate.com Valhalla Wealth Financial, reclaim the banking function within your own life with the premier strategies of the Wealthy. www.valhallawealth.com Audible, download any audio book for FREE when you try Audible for 30 days www.cashflowninjabook.com Thanks so much for joining me again. Have some feedback you’d like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post! Also, please leave an honest review for the Cashflow Ninja Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don’t forget to subscribe to the show on iTunes to get automatic updates, please follow me on twitter @mclaubscher and Instagram, @cashflowninjapodcast. Until next time! Live a life of passion and purpose on YOUR terms, M.C. Laubscher

LearnChair Radio host Bob Dragone interviews Danielle DiMartino Booth, the founder of Money Strong LLC and the former advisor to Richard W. Fisher of the Federal Reserve Bank in Dallas.  Danielle is the author of, FED UP, An Insider’s Take on Why the Federal Reserve is Bad for America.    Danielle explains what prompted her to write the book and why she is critical of the Fed’s broken policies.  The interview focuses on Danielle’s views of leadership at the Fed beginning with the Fed’s mishandling of the subprime mortgage crisis a decade ago.  She looks at the role politics plays in the Fed’s policies and the critical role played by the current Fed chairman.  The Fed has been criticized for a lack of diversity, which Danielle explains both in terms of race and gender as well as a lack of diverse backgrounds among Fed leaders.  Danielle looks at the technical challenges the Fed now faces to modernize the organization’s cybersecurity procedures and information management systems.  Her list of important characteristics of a good leader highlight integrity as a primary one for all worthy leaders.  Danielle’s interview sheds light on a host of current issues affecting the Federal Reserve and why we should care.

Richard Fisher's lecture was given on March 30, 2010. Richard W. Fisher assumed the office of president and CEO of the Federal Reserve Bank of Dallas on April 4, 2005. In this role, Fisher serves as a member of the Federal Open Market Committee, the Federal Reserve’s principal monetary policymaking group. Fisher is former vice chairman of Kissinger McLarty Associates, a strategic advisory firm chaired by former Secretary of State Henry Kissinger. Fisher began his career in 1975 at the private bank of Brown Brothers Harriman & Co., where he specialized in fixed income and foreign exchange markets. He became assistant to the secretary of the Treasury during the Carter administration, working on issues related to the dollar crisis of 1978–79. He then returned to Brown Brothers to found its Texas operations in Dallas. In 1987, Fisher created Fisher Capital Management and a separate funds-management firm, Fisher Ewing Partners. Fisher Ewing’s sole fund, Value Partners, earned a compound rate of return of 24 percent per annum during his period as managing partner. He sold his controlling interests in both firms when he rejoined the government in 1997. From 1997 to 2001, Fisher was deputy U.S. trade representative with the rank of ambassador. He oversaw the implementation of NAFTA and various agreements with Vietnam, Korea, Japan, Chile, and Singapore. He was a senior member of the team that negotiated the bilateral accords for China's and Taiwan's accession to the World Trade Organization. Throughout his career, Fisher has served on numerous for-profit and not-for-profit boards. He has also maintained his academic interests, teaching graduate courses and serving on several university boards. He was a Weatherhead Fellow at Harvard in 2001, is an honorary fellow of Hertford College at Oxford University, and is a fellow of the American Academy of Arts and Sciences. A first-generation American, Fisher is equally fluent in Spanish and English, having spent his formative years in Mexico. He attended the U.S. Naval Academy (1967–69), graduated with honors from Harvard University in economics (1971), read Latin American politics at Oxford (1972–73), and received an MBA from Stanford University (1975). In October of 2006, Fisher received the Service to Democracy Award and Dwight D. Eisenhower Medal for Public Service from the American Assembly. In April 2009, he was inducted into the Dallas Business Hall of Fame.