It’s Clear The U.S. Economy Is Already In Recession @TheJuliaLaRocheShow

The Julia La Roche Show | It’s Clear The U.S. Economy Is Already In Recession @TheJuliaLaRocheShow | Uploaded October 2023 | Updated October 2024, 21 hours ago.
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.

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: quillintelligence.com/subscriptions
Twitter/X: twitter.com/dimartinobooth
Fed Up: amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/0735211655

The Julia La Roche Show is produced by Marlinski Media: 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

#economy #recession #danielledimartinobooth

$The US Economy Has Been In A Long Period Of Decline | Dr. Art Laffer Dr. Art Laffer, the father of supply-side economics and one of the most influential economists of the past half-century, joins Julia La Roche for episode 194. ✨ This episode is sponsored by Public.com. Lock in your 6.9% yield: 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 and registered securities, options and Bonds in a self-directed brokerage account are offered by Public Investing. ETFs, options and Bonds are available to US members only. *A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 fractional investment-grade and high-yield bonds. The 6.9% yield is the average annualized yield to maturity (YTM) across all ten bonds in the Bond Account, before fees, as of 8/23/2024. A bond’s yield is a function of its market price, which can fluctuate, and a bond’s YTM is “locked in” when the bond is purchased. Your yield at time of purchase may be different from the yield shown here. The “locked in” YTM is not guaranteed; you may receive less than the YTM of the bonds in the Bond Account if you sell any of the bonds before maturity, or if the issuer calls or defaults on the bond. While corporate bond yields should fall in reaction to a Federal Reserve rate cut, we cannot know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or how much they will decline. Public Investing charges a markup on each bond trade. 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. Fractional Bonds also carry risks including liquidity risk, interest rate risk, credit risk, inflation risk, and potential tax liabilities. Read more about the risks associated with fixed income and fractional bonds and learn more about the Bond Account at https://public.com/disclosures/bond-account. Timestamps: 0:00 Intro and welcome back Dr. Art Laffer 1:06 Big picture macro view, a long period of economic senescence 5:13 Transfer theorem and the decline in growth rates 7:58 Upcoming election from an economics lens 11:30 Operation Warp Speed and Right To Try 15:25 A second-term Trump could unleash a Renaissance in Americas economy 19:00 Five pillars of prosperity 24:17 Tariffs 28:30 Trade and geopolitics 33:30 Trade is not a political weapon 42:50 Government spending 50:00 RFK Jr. endorsing Trump is one of the most important events 53:55 A Harris presidency 57:20 Parting thoughts$

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