| QI Research founder and former Dallas Fed adviser Danielle DiMartino Booth discusses recession signals, how America lost its ability to budget, and whether we’re barreling toward stagflation. Danielle unpacks a litany of troubling economic data in our interview. Layoffs are spreading from tech to retail, manufacturing, and transportation. And for the first time ever, Americans are paying more to service their non-mortgage debt than their mortgage debt. Danielle and I also cover AI’s impact on jobs, short-sighted Covid-era policies, and the coming “condo-mageddon.” Investors, watch to the end for Danielle’s thoughtful guidance on what this all means for the markets and where to look for safe havens. Learn about Danielle DiMartino Booth’s letter, The Daily Feather, here: https://dimartinobooth.substack.com/GMU Follow Danielle DiMartino Booth on LinkedIn here: https://www.linkedin.com/in/dimartinobooth/ Learn more about Danielle DiMartino Booth here: https://quillintelligence.com Subscribe to Ed D’Agostino’s free weekly e-letter here: https://www.mauldineconomics.com/go/JM546H/YTB Follow Ed D’Agostino on LinkedIn: https://www.linkedin.com/in/ed-d-agostino-415475296/ Time stamps: 00:00 – Introduction 01:30 – The Fed’s dual mandate is back 05:23 – Are we already in a recession? 08:17 – Layoffs spread across the economy 13:08 – Essentials inflation and “condo-mageddon” 14:45 – Is stagflation coming? 16:31 – How COVID stimulus money changed Americans 22:27 – The danger of letting teachers’ unions set policy 25:26 – How investors should prepare 29:12 – Research on leading indicators |
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The 1940s vs 2020s: Debt Levels, Monetary Policy, and Cryptos as Global Currencies | Lyn Alden
2024-04-05
Inflation is proving stickier than anyone would have hoped. Lyn Alden, the author of Broken Money: Why Our Financial System Is Failing Us and How We Can Make It Better and my guest today, offers a cogent explanation of why, likening it to the fiscal-driven inflation of the 1940s.
Lyn explains how the pandemic-era fiscal stimulus continues to affect our economy, along with increasing geopolitical instability and the runaway federal deficit. We also discuss bitcoin’s special role in emerging markets, vulnerabilities in our banking system, and the problem with India’s central bank digital currency.
Go here to learn about the Strategic Investment Conference:
https://www.mauldineconomics.com/go/JM543Z31/MEC
Go here to learn more about Lyn Alden: https://www.lynalden.com
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