"US Credit Market Ticking Time Bomb" - Former Fed Adviser Danielle DiMartino Booth

In this episode, former Fed advisor Danielle DiMartino Booth, who now heads Quill Intelligence, uncovers hidden forces steering the market into uncharted territory. She explains the stagnation in real job growth and why the current inflation and strong US macro narrative might be misleading. Danielle explains how gold can be a safer haven and what's going on with Bitcoin. She worries about new Fed's chair Kevin Warsh's being tested too soon, which could harm his independence. In this episode you will discover long-term trends in employment, credit, and housing. Perfect for investors seeking a clear view of the economic landscape. Follow Danielle here:https://x.com/DiMartinoBoothhttps://quillintelligence.com/Follow Paul on X here:https://x.com/paulbuitinkTimestamps:0:00 Intro1:37 American job numbers3:37 Fed rate hikes6:29 How to trade the US economy8:47 Will Kevin Warsh be an independent central banker?12:12 Commercial real estate losses14:47 Stock market bubble, SpaceX and AI18:21 Which countries to invest in19:20 Gold's safe haven status21:03 Bitcoin's global window into risk appetite22:38 Higher rates, higher debt and (Stealth) QE25:24 Metrics Danielle follows: policy mistakes and tension within the Fed32:46 Outro