Uploaded July 2026 | Updated September 2026, 2 weeks ago
Danielle DiMartino Booth joins Darrell to examine the growing cracks beneath the U.S. economy. She discusses Kevin Warsh’s early approach at the Federal Reserve, unreliable employment data, declining labor-force participation, rising bankruptcies and the pressure facing heavily indebted consumers. Danielle also explains why corporate layoffs could accelerate, how high borrowing costs are freezing the housing market, why gold may be approaching an attractive entry point and whether the AI investment boom can continue.
Follow Danielle:
https://x.com/DiMartinoBooth
dimartinobooth.substack.com
quillintelligence.com
Follow Darrell on X: https://x.com/MoneyLevelsShow
Follow the VRIC on X: https://x.com/vricmedia
Learn to invest alongside the top minds in commodities. Join The Commodity University today. CLICK: linkly.link/26yH9
Sign up for Jay’s newsletter at 2ly.link/211gx
00:00 Introduction
00:35 Kevin Warsh’s approach to the Federal Reserve
03:18 The outlook for interest rates
05:22 Problems with U.S. employment data
07:00 Young Americans delaying household formation
08:16 Bankruptcies surge across the economy
09:13 Record car payments and consumer stress
10:22 Credit cards, auto loans and falling savings
11:57 Is the U.S. already in a recession?
12:50 Corporate hiring freezes and tech layoffs
14:29 Inflation data and real-time price measures
15:37 Why officials have not declared a recession
17:29 Gold’s consolidation and potential entry point
18:55 Rising bond yields and government borrowing
19:55 Mortgage rejections and falling home prices
20:48 Inventory restocking and the credit cycle
22:58 Imports, inventories and weak GDP growth
24:10 Is the AI capital-spending boom sustainable?
Copyright © 2026 Cambridge House International Inc. All rights reserved.
Danielle DiMartino Booth joins Darrell to examine the growing cracks beneath the U.S. economy. She discusses Kevin Warsh’s early approach at the Federal Reserve, unreliable employment data, declining labor-force participation, rising bankruptcies and the pressure facing heavily indebted consumers. Danielle also explains why corporate layoffs could accelerate, how high borrowing costs are freezing the housing market, why gold may be approaching an attractive entry point and whether the AI investment boom can continue.
Follow Danielle:
https://x.com/DiMartinoBooth
dimartinobooth.substack.com
quillintelligence.com
Follow Darrell on X: https://x.com/MoneyLevelsShow
Follow the VRIC on X: https://x.com/vricmedia
Learn to invest alongside the top minds in commodities. Join The Commodity University today. CLICK: linkly.link/26yH9
Sign up for Jay’s newsletter at 2ly.link/211gx
00:00 Introduction
00:35 Kevin Warsh’s approach to the Federal Reserve
03:18 The outlook for interest rates
05:22 Problems with U.S. employment data
07:00 Young Americans delaying household formation
08:16 Bankruptcies surge across the economy
09:13 Record car payments and consumer stress
10:22 Credit cards, auto loans and falling savings
11:57 Is the U.S. already in a recession?
12:50 Corporate hiring freezes and tech layoffs
14:29 Inflation data and real-time price measures
15:37 Why officials have not declared a recession
17:29 Gold’s consolidation and potential entry point
18:55 Rising bond yields and government borrowing
19:55 Mortgage rejections and falling home prices
20:48 Inventory restocking and the credit cycle
22:58 Imports, inventories and weak GDP growth
24:10 Is the AI capital-spending boom sustainable?
Copyright © 2026 Cambridge House International Inc. All rights reserved.
