Danielle DiMartino Booth on a potential subprime crisis and stock market crash

Video Description

Paul Buitink talks to Danielle DiMartino Booth, former Fed insider, author of 'Fed Up: an Insider's Take on Why the Federal Reserve is Bad for America' and CEO of QI Research, about the cracks in the American economy and bad revised labor numbers. She explains how many ordinary Americans are struggling and have been feeling a recession for a long time. We discuss student loan delinquencies and mortgage refinance problems and how this could build up to another subprime crisis. She also gives her view on the Fed and how she expects them to act. Will they lower rates a few more times this year? Will QE and zero interest rates come back? Will we see inflation or deflation? Danielle argues the stock market is overvalued and when the momentum trade stops, it could take a nasty turn. We end the conversation with the dollar reserve status and the potential for a bailout of France. She believes this is the right time as an investor to be hedged. Follow Danielle here: https://x.com/dimartinobooth Follow Paul on X here: https://x.com/paulbuitink Timestamps: 0:00 Intro 0:30 US recession feeling and weak labor numbers 4:55 Tariffs and uncertainty 6:25 Student loan delinquencies 7:49 Tax refund season 8:41 New subprime crisis in the making? 11:01 National Housing Emergency 11:59 What’s the Fed going to do? 14:27 Stock market correction coming? 16:28 Will we see a replay of 1929 or 2001? 17:55 What if Danielle would be Fed’s chairman 20:34 Are QE and NIRP unavoidable? 22:12 Inflation vs deflation 24:42 Fiscal dominance and US reserve currency status 25:52 Does France need a bailout and will it break the euro? 28:05 Danielle’s advice 29:05 Outro