Danielle DiMartino Booth

Recorded it myself. Thank you.

Words of wisdom amidst masses parroting investors positioned to profit “If the Fed hikes into an economy already absorbing an energy shock & weakening beneath the surface, that’s a willingness to accept domestic damage while maintaining maximum pressure through the dollar system”

The “unfiltered” market signal Warsh wanted to hear clear. The Fed’s guidance has boxed it into a rate increase that may do little for inflation, while posing greater risks to financial conditions & economy. We expect a Sept rate hike to be the only move this year @AnnaEconomist

And this reflects domestic U.S. demand HOW exactly?

Relentless trajectory of job losses has landed us w/a cycle ending in net job less territory w/Permanent Job Losers (those out of work and seeing new employment for 27 weeks or longer) surpassing that of job leavers, those unemployed for 5 weeks or less Is THIS the time to hike? https://t.co/LcHX9vwObE

100% arbitrary given what other CBs did equally arbitrarily. Even after Bernanke's error fighting for target, in the decade that followed, inflation only hit 2% 11 times! Post-Covid difference: Stimmys bypassed banking system & directly deposited funds into US household accounts

Based on this chart of the @uscensusbureau Quarterly Census of Employment & Wages, the hardest data gathered from >12M US employers to correct NFP, when did net job losses ensue? Furthermore, as of latest quarter reported, when did job losses for the current CYCLE turn negative? https://t.co/ZU6u388DnO

It’s at most public libraries. Thank you for checking it out.

HIKE! Consumer is Strong, Part 4 @AdamJJosephson @Lowes "Caveat is that consumers are a bit cautious...about elevated interest rates & some of the geopolitical uncertainty that they’re seeing that’s causing them to be cautious relative to discretionary, larger ticket spend."

HIKE! Consumer is Strong, Part 3 @Adam_Josephson @HomeDepot "When you look at broader macro, it’s hard to see any inflection points in the stats we look at. Consumer has become more pressured over the last 6 quarters if you look at consumer sentiment, consumer confidence..."

Absent prices which are out of the Fed's control, headline inflation will not come down. That is a correct statement.

HIKE! Consumer is Strong, Part 2 @AdamJJosephson @DollarGeneral "Nothing points to the consumer coming out of position she’s...stays closer to home, shops more often, but buys less on each occasion." "We’re probably going to see a sustained, pressured consumer...into 2027."

HIKE! Consumer is Strong, Part 1 @AdamJJosephson @3M Retailers in Q2 brought their inventories down...gas prices are up, interest rates are up. Consumer remains cautious..because of that some retailers are expressing caution, waiting to place orders or replenish their shelves.

You refer to top 10% gaining market share in a post-QE world. Listen to any US retailer lament their lack of pricing power because most deal with the other 90% and they draw a diametrically opposite picture, and that’s been a long established trend aside from Covid stimmy checks.

Got waste?

NO DOUBT 91.9% odds are priced. More salient question: Aside from investors positioned for this hike (See CBOE) WHY should the Fed be hiking? We've lost our compass. Monetary policy is mandated to be made in the "public interest," not Street dictators who profit if rates hiked. https://t.co/wRnE6GpyVC

Date?

A taken-down-to-the-studs, wholly reengineered and legally accountable hypothetical legitimacy? Sure. In its current form, hell no.

Auto insurance rates have steadily declined as carrier switchers have forced the hands of the firms that thought they’d never have to reverse post-pandemic gouging. No tears shed on this count by yours truly.

Deserves…DEMANDS…to be revered as it’s read. #NeverForget

Why do you think fact-checking takes so long? ANYTHING beats buying into a narrative someone’s selling to pump a narrative to talk their book. If you think the biggest hedge funds are being MAGNANIMOUS in peddling their fairytale why not check them against @Cboe positioning data?

Inflation is too high. Residual post-pandemic inflation is crippling countless hard-working working Americans working multiple jobs to get by, But don’t kid yourself. UNIT sales are falling in the US amidst inflation OVER WHICH THE FED HAS NO CONTROL Hiking will hurt them MORE

We all need a guardian angel who offers us a second chance. This is a truly inspiring short interview excerpt.

Let's see how many more followers I can lose. Inconvenient truths sure are unpopular!

Add @FINRA just-released August margin debt to the list of bullish signals @AdamJJosephson notes it's "reached $1.454T, up 2.6% sequentially & 37% YoY. Its recent growth has been wildly disproportionate to GDP, highlighting growing divide between the real & financial economies." https://t.co/ryMthq0cKy

Heads UP!

I’ve totally lost my voice.

THINK the clock is part of the inherent game.

Yes. There have been many other great comebacks…not one that hits this close to home. And yes, I do watch sports MUCH. https://t.co/5R4MJF8wDA

And then he did it again to donate $1 million on top of half the $1.2 million earlier that day. What a stand-up young man.