Federal Reserve's Rate Cuts Coming Too Late? Consumer Debt Crisis Looms - Danielle DiMartino Booth
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- Опубліковано 27 лип 2024
- Jeremy Szafron, Anchor at Kitco News, interviews Danielle DiMartino Booth, CEO & Chief Strategist of QI Research, at the Rick Rule Symposium in Boca Raton. DiMartino Booth provides deep insights into Jerome Powell's delayed rate cuts, the looming consumer debt crisis, and the potential economic impacts. She discusses the aggressive rate cuts anticipated in response to economic data and the implications for the broader economy. DiMartino Booth also explores the effects of the artificial intelligence revolution on employment, the rise in bankruptcy filings, and the unprecedented levels of non-mortgage debt among U.S. households.
Coverage of the Rick Rule Symposium 2024 is sponsored by G Mining Ventures (gmin.gold/en-US)
Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron )
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00:00 - Introduction and Powell’s Congress Session
02:22 - Powell’s Delayed Rate Cuts
03:44 - Potential Aggressive Rate Cuts
05:06 - Impact of Rate Cuts on the Economy
07:28 - Revisiting Data Before Market Reactions
09:50 - Current Economic Indicators and Recession Signs
12:12 - Consumer Debt Crisis and Spending Patterns
14:34 - Job Market and Employment Trends
16:56 - Commercial Real Estate and Banking Sector
18:18 - Election and Future Economic Outlook
#Finance, #Economy, #JeromePowell, #FederalReserve, #InterestRates, #ConsumerDebt, #JobMarket, #Recession, #CommercialRealEstate, #Investing, #EconomicOutlook, #MonetaryPolicy, #DanielleDiMartinoBooth, #KitcoNews, #JeremySzafron, #RickRuleSymposium, #MarketAnalysis, #StockMarket, #BankingSector, #ArtificialIntelligence, #Inflation, #financialnews
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Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I didn't hear anybody saying anything about raising rates too late after being at 0% for 15 years, but interest rates at 5% for 1 1/2 year people are saying it's too late to lower rates
Agreed. Rates are too low. Thats why inflation and high prices are not going anywhere. An argument can be made on the delay of rate increases that protect particular industries, but the market correction cannot be ignored, only delayed.
inflation, corruption, politicals, they dont like to help people. Thats why usa go ultra deb country
Yup
Because the economy was amazing that entire time? In fact only money printing made it bad. Low iq takes on complex issue are so funny.
Rates NEED TO GO UP NOT DOWN!!!
I agree they should go up like they did in early eighties to control inflation.
I bet the bond vigilantes are gonna be furious about his words today.
Agree 100%. They never even raised enough to get back to “normal” cost of money, never mind high enough to control real rate of inflation.
Are you people rich 😂
@@MS-yk6kn the markets have been anything but normal since 2008.
She can’t make a prediction to save her life
I really can’t stand a system where the goal would ever be to cut Jobs to curb the financial woes. Our system is so broken. Pray for all the families affected by this.
Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.
If you lack knowledge about market investing tactics, get advice from a financial counselor.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
Please tell who this coach is that helps you. I really need one because my stock portfolio is quickly losing value.
Her name is ‘Melissa Jean Talingdan’ Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I'm happy with the advisor's professional and timely help. Their expertise gives one confidence. eager for further conversations.
It won’t be the cuts that will shock the markets but what the reason for the cuts
we are in a recession now.
@@inflationmillionaire-df3mn yes and no, normal people that pay bills and work 9-5 yes the majority are especially in the lower income or if you were part of the recent layoffs but if you own assets, stocks, real estate, even the ROI on cash invested in money markets your doing quite well. It’s very bifurcated and we won’t really see a “recession” until those people struggling really start to pull down those asset prices
She's missing the point. Stop propping up the bubble, take the pain/misery, go forward. We already have between 12% and 24% (depending on how you calculate it) where the USDA SNAP cards are invisible bread lines.
Hit 200k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2022
Interesting perspective. I am thankful I don't have to stand in a breadline.
If you would have listened to DiMartino for the past 18 months and been 100% cash like her, you would have missed all the upside that assets have had. Why is she still a credible commentator? Because she has a pretty face and strong voice?
She recommends guaranteed fixed income. 4-5% beats a loss, and she believes the market is headed down big apparently.
You’re not very smart are you?
The upside is nothing but unrealized paper wealth until it is cashed out.
I don't think it's her face.
I think you must really listen to her. I have never heard her say to go to 100% cash. In fact I have never heard give investment advice.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favourable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@@TimothyBoyd-i3x
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Her name is. ‘JENNIFER LEA JENSON’. She is my lnvestment advsor
How can I reach this advisers of yours?
Argentina had 200% inflation but now it’s down to zero % and this is why the 53 year old Libertarian Party is excluded from all US Presidential Debates
Yup
Good luck Powell. The US Congrss does not balance budgets. The US is already over $100 Trillion dollars in debt when you include unfunded social welfare programs which also includes generous benefits for non citizen foreign nationals.
I want 100 quadrillion debt
@@Whiteevil345agree I want so a new font needs to be created to fit into screen
@@Whiteevil345 u aint getting a new system boi
Thought-provoking content. I appreciate Danielle's insights.
They're worried about commercial real estate and the regional banks I imagine.
No doubt Danielle is most popular guest. I learn so much every time I listen to her. Thank you for sharing your knowledge & insights Danielle
As soon as she said Jerome Powell wasn’t making a decision for political purposes, I decided to leave.
We need 25 percent intrest rate and hold how are we gonna have you will own nothing and be happy thing
1:22 Well it's always fun to watch our elected officials on their iPhones during a hearing with Jerome Powell!
Puppets getting their orders...
Those were the "interns" that some families send to DC to keep the inside track open for them and their friends, Pimp out your children!
@@TexasRiverRat31254 Senator Sherrod Brown was also on his phone. Senator Tim Scott was reading along with Powell's prepared remarks -- you can see his lips moving.
Given the history of the origin of the fed and what it has done to this country, it’s amazing to see how candidate they talk about it
Real inflation probably 5 from 15 peak vs 9 this rate is not restricted maybe even not neutral
The debt and servicing will suck USD out of the financial system causing USD shortage throughout. That pushes rates up, forcing the Fed to print.
Bottom line, purchasing power of the USD falls.
I like Larry McDonald's idea - as viewed on one of Michelle Makori's podcast some time ago - that if the Fed rate is below the inflation rate, the deficits are whittled away. A slow default as he called it. So I am looking for two rate cuts this year and more next year, as well as a normalized inflation rate of first 3% for a year or so and then 4%. This will provide stability to the US economic system even with the continued de-dollarization. I am sitting on gold of course, and I may buy more silver.
Since the lockdowns and the resultant supply shock, much of the regular economy has been destroyed. We are living in the aftermath of a slow-wreck '2008', but before something *worse.*
DDM is fantastic!! Please bring her back in a month.
A very good interview:)
Lowering will be a big mistake... inflation will double again
They know this - but the fed doesn’t care about the middle class-
Buy gold and silver -
Or raw land in a retirement community.
Paper $ will just lose value sitting in a savings account-
DDB = 👍👍🎉
They might hint of rate cuts but the barriers they’ve erected outside the fed building in Washington say different
The economy only works with ultra low rates. That’s what happens when you have a debt based economy. We desperately need a reset to end this madness..
Concerns about a potential recession and the Fed's talk of interest rate hikes have left me uneasy. I'm unsure about my $700K portfolio strategy, considering the uncertainty of a recession and the possibility that interest rates may not rise significantly
I completely understand your concerns. But In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
I agree. This is why having the right plan is invaluable, my $210k portfolio is well-matched for every season of the market and recently hit 40% rise from early last year. I and my CFP are working on a more figures ballpark goal this 2024
Pls can you recommend this particular coach you using their service?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Rates defo need to go up not down the only reason the dollar has any value it’s worth saving
You can't cut anymore. Or maybe you can?
Short term gains for long term pains. American thinking.
Cut rates = Higher Inflation
Raise Rates = Collapse the banking sector and credit markets.
Payments on the federal debt will soon surpass Medicare expenses. Nuff said .
We will end up defaulting, hyperinflating, and or ending up like Brazil, Argentina soon.
You cannot steal from tomorrow to prosper today anymore.
I am your fan Danielle❤❤❤😊😊😊
Great
Cost of living to high food cost to high what progress has the FED MADE
She is correct. Fed is behind the curve but they will cut in September and do not rule out a cut in july 31 if the unemployment rate ticks up and inflation cools down.
After the first cut the stock market will go FOMO.
6T in MMF waiting for the bell.
Everyone that says from oct 22 has probably missed every gains that could be made
@@fengjikangqiang yes
You call this Responsible 😮
Kitco should make a summary video of all these blabla guests who have been predicting doom for 5 years now and it did not happen
Fed should be 4% and leave it. Housing will adjust and stop printing money.
if the employment numbers are artificially inflated (and then revised months later), Powell won't know when to cut
Danielle For F.E.D. Chair ...😊
Would you guess that there will be a 7% pullback in equity prices within a week or two?? 😮😮😮😮
Fed has to kick inflation back into gear! Cut those rates burns!!!
Danielle why don't you be honest and talk about the notional value of the derivatives chain. 7 quad is 12x the 2008 peak. Every time the fed has tried to help the banks they just go deeper into thier shorts against retail. Regulators have been captured. SROs are breaking trading laws daily. Congress can't see how this will destroy the world's economies. S. Korea India Philippines and China are moving to eliminate naked shorting (theft) in their markets. America, we got crickets. 😢😢😢
Nope!
🔥 🔥 🔥 🔥 🔥 🔥 🔥
She Should take the place of JP
DDM used to be in the higher for longer camp. Like way longer. Now she’s changed her whole tune. BS. We need rates to go to 10%.
Consumers are still buying, running up debt....I don't get it.................thanks
Buy now Pay later, Government Managed them Well
It depends who will fed decide to be next american pharaon,...but a genious must fill the post, not exisant amoung humans
His word?
Just bring back cheap home loans , kick start the home buying frenzy….
I'm favoured $130k every 4 weeks! I now have a good house and can afford anything and also support my family
Fed funds rate going to
#DDMB2028 ❤❤❤
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?...
What a Tool for a guest!
I'm glad he's late. Hope he stays late.
Jay Powell is a fiscal conservative? Lol the hell? Powell must be tapping on the side. Lol
That old black magic ain't workin no more!
Danielle on the ozempic diet.
She is Losing Weight .
@@tonkatruck1968 That appears to be the case. That prominent rack looks a bit smaller (but still nice), which is probably better for her back.
She’s as bad as Rosenberg. I can’t imagine anyone taking her serious at this point
Anyone who has followed Teats has lost a lot of money.
This woman is a FED apologist & should be ignored.
Have you read her book? Fed up! you should really rethink your opinion and get informed
@@darachilds6817She’s been completely off the past couple of years. Has been all in cash while markets have gone up
@@darachilds6817 she is a BS artist & judging by the thumbs up, I am not the only one who thinks so!
Trump had to pay for Covid.
Is she ever right why people listen to her and why she still invited to speak I can’t fathom
Danielle DiMartino Booth just lost me. Yes. She’s a smart lady, but she’s completely disconnected from human evolution.
She’s still working for the Fed.
It’s inevitable that the day will come when Wall St no longer rules the world and the Fed is abolished.
For those who will live long enough, Mark that date under our current youngest generation reaching their age of influence.
I’m worth 200 million and inflation is killing me!
Detective of Money Politics is following this informative content cheers VK3GFS Frank
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..