DiMartino Booth on Stagflation, AI, and “Condo-mageddon”

We are speaking with QI Research founder Danielle DiMartino Booth about recession signals, how America lost its ability to budget, and whether we’re barreling toward stagflation. [Read Online]( [Global Macro Update] [Global Macro Update] DiMartino Booth on Stagflation, AI, and "Condo-mageddon" By Ed D'Agostino | May 10, 2024 [Ed D'Agostino] After weeks in the Strategic Investment Conference trenches, I am happy to return with a new Global Macro Update interview today. We are speaking with QI Research founder Danielle DiMartino Booth about recession signals, how America lost its ability to budget, and whether we’re barreling toward stagflation. Layoffs are mounting. What started in tech is spreading to retail, manufacturing, and transportation. Danielle and I discuss what these job losses mean for inflation, along with additional signs that we might have been in a recession for months, possibly since last July. [ShareÂ]( Danielle, a former adviser to the Dallas Fed, unpacks a litany of troubling economic data in our interview. One stark example—for the first time ever, Americans are paying more to service their non-mortgage debt than their mortgage debt. We also cover AI’s impact on jobs, short-sighted Covid-era policies, and the coming “condo-mageddon.” I encourage investors to watch through to the end for Danielle’s thoughtful guidance on what this all means for the markets and where to look for safe havens. Watch my interview with Danielle DiMartino Booth by clicking the image above. A full transcript of our conversation is available [here](. Go [here]( to learn about Danielle’s excellent letter, [The Daily Feather](. She is extending a 20% discount to Global Macro Update readers through Memorial Day. [ShareÂ]( Thanks for reading and watching. [Ed D'Agostino] [Ed D'Agostino] Ed D'Agostino Publisher & COO Mauldin Economics Suggested Reading... [When Absolute Returns Are Not Absolute](  [Upgrade to our macro trading service]( Don't let friends miss this timely insight— share it with your network now. Share Your Thoughts on This Article [Post a Comment]( Keep up with Mauldin Economics on the go. Download the App [Get it on Google Play]( [Download on the App Store]( [ Did someone forward this letter to you? [Click here to get]( Global Macro Update in your inbox every Friday. [Read important disclosures here.]( YOUR USE OF THESE MATERIALS IS SUBJECT TO THE TERMS OF THESE DISCLOSURES. --------------------------------------------------------------- This email was sent as part of your subscription to Global Macro Update. [To update your email preferences click here.]( Mauldin Economics | 1417 Sadler Road, PMB 415 | Fernandina Beach, FL 32034 Copyright © 2024 Mauldin Economics. All Rights Reserved.