Danielle DiMartino Booth: Recession? We Ain't Seen Nothin' Yet!!

[@adam.taggart]

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[@charlesbrown9213]

Adam: A suggestion for a future guest on your channel. Its the guy who hosts "Inside China Business" (a KZbin channel) -- he is an American, with a financial training background. But this guy actually LIVES in China. I'm guessing he is about the same age that you are. He seems to bring a rare perspective on all things "China" compared to the US analysts who live in the USA. He strikes me as a much more independent thinker than the analysts in this country who all seem to echo each others' comments. I encourage you to invite him for a conversation on your channel . I think he would provide a very different perspective on China than your subscribers are used to hearing. Thanks

[@thomasmcdonald2401]

Adam. I work for BLS. QCEW, CES, and CPS data are published by BLS. Census does not publish QCEW. However , Census does perform the Household Survey, (CPS) data on behalf of BLS. Hope this helps.

[@Jalleur14325]

Adam, can you get Daniel Lacalle on at some point?

[@Aarrenrhonda3]

The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[@Rachadrian]

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@derrickholfman2]

Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $450k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.

[@SteveEstrada-js9nu]

Could you kindly elaborate on the advisor's background and qualifications?

[@derrickholfman2]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Christine Conte for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@SteveEstrada-js9nu]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@Papolucho702]

I was listening to her book Fed Up around 4am because I couldn’t fall back asleep. Learned quite a bit more than I expected. Looking forward to this interview.

[@RexRogers_]

Now you reallly can’t sleep 😅

[@MrMikeAA]

@@RexRogers_ the larger question is - did the book put you to sleep. Enquiring minds want to know

[@Jalleur14325]

Lol, I also listen to this stuff if I can't sleep. Somehow it does help me sleep!

[@Ziran_Man]

I can’t believe this content is free. Adam is amazing at what he does, helping to provide great information from his guest and also his opinions. Thank you so much.

[@jonathantaylor6926]

The problem is the USA is a bifurcated economy at this point. It's a recession for many people, but certainly not everyone. If you are a 45 year old bureaucrat that bought his house in 2013 and has an okay paying government job, you are totally fine. You don't make massive money but you do okay, have great benefits and a very low cost of living based on when you bought your home. But if you are a 27 year old renter with student loans - it's a recession. Your apartment rent is more expensive than the 45 year olds mortgage on a singe family home. You have no savings after paying rent and cost of living and little hope of ever buying a house. And the jobs market short of uber eats or working at Home Depot isn't good at all.

[@danielhutchinson6604]

Home Depot seems to hire some low skilled Workers to allow them to keep Payroll to a minimum. But the majority of American Working Individuals seem to be increasing debt pretty fast. Consumer Debt increased by over $5 trillion since 2008. The GAO counts Spending even if it is done with a credit card. The ability to pay expenses from one paycheck to another, seems to be impossible for 65% of Workers.

[@dr.johnnyfever9194]

Live within your means. It’s worked for centuries. Credit keeps you poor

[@danielhutchinson6604]

@@dr.johnnyfever9194 Inflation keeps everyone poor. Real Estate Developers appear to spend more than the should too? We can point at the high cost of paying off Housing and ask why people do not get half as much of a Raise as the Rent increase?

[@linserwayne1587]

Actually, DiMartino Booth said the moneyed upper demographic was getting hollowed out in a variety of ways and that mortgage payments were being eclipsed by living expenses. Many of these houses are too big and not salable. If they are in a place like Florida they may suddenly no longer be insurable. Inflation and escalating taxes are hitting all levels of income. Many of these 45 yr old bureaucrats are offsetting higher costs with higher credit card balances which can only keep you afloat for so long. When the wealth effect wanes, we'll see that only a tiny portion of these folks are actually okay in material terms.

[@fionahenderson3352]

Many of these bureaucrats have kids, kids with upcoming issues you describe. Parents could end up hollowed out in trying to assist them out of the debt traps they're in ?? Middle class getting raided

[@nicksince9487]

"It's not me, it's data!" Love her, she tells it how it is

[@mr.q8023]

Or is that a bit of a cop-out?

[@P__114]

And yet her data left her on the sidelines the last two years

[@NCPolinomial]

​@@P__114 Danielle's the most overrated finfluencer, bar none.

[@P__114]

@@NCPolinomial agreed and she’s super hostile if you call her out too

[@NCPolinomial]

@@P__114 She's arrogant despite her terrible track record giving her no right to be. To be fair, we all make mistakes, and no one in the business of economic predictions is infallible. Yet she acts like she alone knows what's going on. The truly informed people don't pretend they have all the answers, and they admit when they're not sure about something. As I posted elsewhere: Danielle has been peddling recession for YEARS based on "data." If you listened to her, you'd have missed an epic rally across all risk assets. Claudia Sahm herself has said she thinks the "Sahm rule" has broken here, and that the totality of the data does NOT indicate we are in recession (yet anyway). Danielle and the recession-istas will eventually be right of course -- she'll have successfully predicted nine of the last two recessions. Why anyone thinks her analysis is useful is beyond me.

[@PE-TX]

Wow! Danielle a live walking encyclopedia on this stuff, including currently and historically. She is always impressive. Great interview Adam!

[@id10t98]

She's so good that she thinks a decade plus of record low interest rates by every central bank on earth isn't a recession!

[@insomniactravels6185]

Unlike other current or ex-Fed officials, Danielle tells truth,--with great clarity and conviction backed by analytics. Go Danielle!

[@trailguy]

It’s the Texan in her :-)

[@JHuddleston-uz7dd]

I wish Danielle was on every week. ❤

[@KI6YNZ]

She’s a genius. Knows her macro and understands the system and articulates her knowledge very clearly.

[@miloatlantis2549]

She doesn't know the future. The Feds job is not to give doom and gloom like Danielle. She can say whatever she wants. She is unknown talking head and her words carry very little weight if any. The Fed has to be very careful of what they say since their words move markets.

[@miloatlantis2549]

she has NEVER been an official of the Fed.

[@MackThebuilder-h4k]

around this time I’m more attentive! Its just inevitable that there's going to be peaks and troughs in the graph of economic growth or prosperity, there's never going to be one underlying cause that connects them all, embrace the opportunity, make interest, cashing up on dips.

[@AsandeMonwabisizondi]

Those calling stocks momentum a flunk aren't considering the long run. The companies themselves have not changed, it's the market that changed. Steady as it goes, and it'll regroup in weeks.

[@johnsonlevitt9719]

If you are not too savvy with the market, it’s the best time! just buy and hold on strong companies or best you seek out areas within sectors that can help you sustain a balance in both growth and value overtime. In certain cases, it's even wiser to speak with a smartvestor to determine options best meant for you, I personally did this, and it works pretty well..

[@MackThebuilder-h4k]

Well spoken John, my question is which stocks sectors should I consider adding to my individual fidelity, I intend to hold on for a decade or more.

[@johnsonlevitt9719]

right now I’m being counsel on renewable energy, semiconductors, Ai chips which will be hugely integral on every sectors in the coming years. an absolute power move right now.

[@MackThebuilder-h4k]

I genuinely think we are going all chips soon, seems like a lot of your interest is riding on this, I could really use your viewpoint.

[@BoBear79]

Adam, thank you for moving more towards open-ended questions and away from leading questions that tend to influence an interviewee's answer. Your last two interviews with Sahm and Danielle D-B have been much better, IMO. You do great work in lining up impressive speakers and you are so diligent and prompt in addressing the most pressing questions. And now, I really appreciate you modifying your questions and personal remarks to allow interviewees more time to respond and present their views without any bias towards one thesis or world view. I'm as bearish as you are; and I've followed you closely since the beginning. No one on KZbin has a more impressive resume or better quality line-up of speakers. As you continue your move toward more open-ended questioning, I believe your channel's quality will only increase. Thanks for listening and responding to viewer input!

[@Jalleur14325]

Yes, I would say there is a place for closed ended questions though - sometimes you want a concise answer, and it depends on the guest - some ramble!

[@KK-qc5ct]

My favorite guest with my favorite financial journalist/interviewer. I raise my glass to you both.

[@brothachromatid]

Adam, thank you for always remembering to slow down and take the time to ask for clarification/explanation of key terms and topics that some of us might not be familiar with! Speaks to you genuinely trying to help us learn to fend for ourselves rather than just trying to dazzle us with jargon. Thank you for all you do!

[@loydacoulombe1397]

First time watching him and I was pleasantly surprised to hear him stop and ask for an explanation.

[@florianewu7256]

When Adam interviews Danielle; I definitely learn the most. So much clarity from both of you. Thank you very much! 🤓📚🤓

[@akumacode]

The description of "non banking" being anything you wouldn't expect to see FDIC on was very helpful

[@jeffreymassey5541]

Adam your channel is truly "Thoughtful Money" thanks for bringing great guest like Danielle Dimartino to the channel a true financial warrior. 💯💯👍🏾👍🏾✅✅

[@bradkaral1188]

Danielle is so incisive, so clear and makes everything so easy to understand.

[@Mauitaoist]

I'm 67 years old and living in a van working two full-time jobs had to let go of my home in 2008 do in part to Obamacare and losing my job both my jobs were taken away during covid at which time I fell on Hard Times again Fotunetly I'm still strong and healthy and can stay in the job market saving as much as I can now that I don't have to pay rent or mortgage anymore

[@markavelisocal]

Obama was voted in 2008. How do you figure ?

[@jonmariegarlan9170]

Not fond of Obama but he was handed a PROVERBIAL grenade by Little GB. Spent 1st four years cleaning up the mess. Situation was akin to the "great depression" circa 1929. He was damned if he did or damned if he didn't, just like the majority of the population. Face it. We are the slaves/ serfs. The 1% still holds the hammer. We are overdue for an equalizer. No matter what arguments you give, our capitalist SYSTEM STINKS. Karl Marx, Trotskyist, Lennonists knew, CAPITALISM eats the young. Best path is to be rewarded financially, etc but NO MULTI BILLIONAIRES, while the EVERY DAY HEROES HAVE NO CLUE WHAT'S REALLY GOING ON, DUE TO WORK, SLEEP, WORK, SLEEP, SOME NEVER EXPERIENCING A VACATION, OR RARELY SEEING CHILDREN, ETC. DON'T VOTE FOR THE WEALTHY. THEY WILL TAKE CARE OF THE WEALTHY. VOTE FOR WORKING AMERICAN CLASS HEROES AND THEY WILL TAKE BE CAPABLE OF DISTRIBUTING A LARGER PIECE OF THE PIE. NO ROOM FOR MULTIBILLIONAIRES WITH 5 DIFFERENT HOUSES WITH GOLD FIXTURES WHILE HOMELESS AND HOPELESS EXISTS. A FAIR SHARE.. DON'T YOU THINK ONE BILLION IS ENOUGH? WE WERE TAUGHT SOCIALISM WAS A DIRTY NAME, PEDDLED BY THE SUPER WEALTHY. IN FACT, THAT WAS THE BIGGEST MOTHERLODE LIE EVER TOLD, BY THE WONKY WEALTHY WHO NEED THEIR SLAVES. ADMIRERING THE SUPER RICH IS SLAPPING YOURSELF IN THE FACE. WAKE UP SLAVES!😢😮

[@banana-lakefishing6077]

There is a great quote at the very beginning of The Big Short (the movie not the book)…. “They saw it by doing something the rest of the suckers never thought to do….. They looked.”

[@petersheenan4482]

Let's face it, people are crap. Greedy bastards that love to blame others for their screw ups and stupidity.

[@howardfukuda7565]

Wow, she nailed the jobs number. BLS just adjusted the employment numbers to 818,000 fewer jobs. That's right in line with the 830,000 number she mentions.

[@banditboy1965]

Danielle is a brilliant interviewee, her brilliance is brought out by a brilliant interviewer - that’s you Adam!

[@granitestateman942]

Middle and Lower class Americans say "YES WE ARE!"

[@ColinMcCarter]

"lower class"...............................lol

[@MaryBrown-db7je]

Love Danielle! So smart and common sense too. Thank you Adam!

[@AhLaDad90]

Adam, thank you she’s giving us the raw data and not talking in code.👏🏾👏🏾

[@elchingon3546]

I love Danielle! She should run for office ❤

[@10317]

I think she will in the coming years More of us should serve. Then get out.

[@SomeUserNameBlahBlah]

Why do simps keep saying this?

[@elchingon3546]

@@SomeUserNameBlahBlah because she’s a female and entitled to run. It’s all about the woke movement.

[@usamoronocracy526]

Danielle is GREAT !! I hope she becomes fully financially independent so she can just tell what she thinks based on data without having to think about getting enough exposure and therefor saying 'the correct things'. 👍🙏👍

[@wallace3953]

Danielle is the BEST...logical and very sensitive to Changing Potentials. Very Important Show, and the Last few Minutes should be watched several times!

[@RobPeel-sy4zx]

Adam, I’m a big, longtime fan of Consuelo Mack’s Wealthtrack and I want you to say that YOU amaze me at the constant flow of top-quality information coming across your channel. I don’t want you to be hyperbolic but you are setting a new standard of excellence in this area of journalism. Hooray! 😄

[@Julie-ys2tk]

Awesome, awesome, awesome interview! Thanks so much, Danielle and Adam!

[@loski1955]

Thanks Adam and Danielle. Excellent interview !

[@Bltnetwork]

Always enjoy hearing Danielle’s analyses, thanks for having her on Adam!

[@ColinMcCarter]

Recession your neighbor lost his job Depression you lost your job

[@kirbymarshall3986]

Danielle was excellent! Her take on demographics was right on! Washington wants to keep a lid on the recession until after the election but the market forces and reality are strong forces they can’t control.

[@rasserfrasser]

"Economic backdrop", (re: '87) I like that term. This lady reads a lot of statistical data, colleges to the Fed, wow. She's right about October. My studio shut down, Oct. 3 Q4 2023. Got back to the job market and it was nothing like late '22, in four hours on sites like LinkedIn "over 100 applied". The job boards and recruiter email blasts for the first Q of 24 were awful, felt like throwing darts at the wall...now, tumbleweeds. She's right, according to my sight and the people I've talked to. Ms. Booth's on the mark.

[@hollygardner5076]

thank you so much for this interview. You both are so appreciated.

[@Daddio-et3lp]

Danielle is so smart, thanks for having her on as often as you do!

[@JH-qi9pz]

Fed shouldn't cut. They should add another 25-50 basis points in September and again in Oct and again in December. Free money isn't going to un F$%< this system. We are giving our children a screwed up future. Get the dollar more value, not less!

[@khyron4eva]

Nothing you said here would help the U.S. economy in the long run. Neither will cutting rates, BTW. At least, not by itself will manipulating rates solve anything. That's due to the problems that have been heaped on the U.S. that we as an uneducated electorate have allowed. This includes the total corporate and government debt levels. This economy needs higher rates, immigration reform & deportation of the illegal migrants, de-regulation or regulation updating in key areas, reduced spending including military spending, cutting of the U.S. Government bureaucracy, ignore Basel III and defund NGOs. That's for starters. Job creation belongs in the private sector. We also need to eliminate that debt while avoiding a silent default through currency debasement (aka "inflation" which is the outcome not the actual issue).

[@JH-qi9pz]

@khyron4eva totally agree. But at the rate we are at right now, it's still free money. The interest rate needs to be high enough that the individual borrower will police them selves. Lower interest rates did not follow the inflated prices. On the contrary, it was the other way around. It's very 4%> that has driven folks to borrow the dollar to oblivion. The $ is shit because it is loaned for shit ( and given out for nothing) deportation of Illegals will be a step in the right direction. Immigrants are sending money home, not building our economy beyond buying food fuel and housing they, although do make some contribution tend to take way more in the way of health care and jobs. Creating jobs has to be in the private sector. Any other solution would be leaning us towards socialism and that never works. The money WE are throwing at Ukraine Isreal and all the countries who hate us has to stop. Importing from China and other US enemies has to stop.

[@f42un84u]

We the people need the us government to stop deficit spending and currency devaluation now. Same for corporations, banks and consumers loans. We need a asset backed no debt based system of currency.

[@chuckding5590]

Completely agree. Tax us boomers, stop pumping at the Fed, give our kids a chance

[@KK-pm7ud]

The key isn't dollar weakness or strength, it's GDP growth and how that growth is "allocated" across society.

[@MonGoose-z8i]

Danielle is the best, she is so transparent about the economy. I like how she starts with where are we getting our liquidity from. Go back to the late 70s and outsourcing manufacturing jobs, it became vogue to transfer coal pollution and water destruction and workforce to hide it in China. We got a boost from electronics and with Engineering and manufacturing jobs where once again we were back to Designing, Manufacturing and selling goods again, or another true economy. But as always every single technology amazing technology, innovation the list goes on I lived it was once again sent to China and other countries to once again hide the air pollution from coal burning, natural gas, water pollution not to mention the chemicals we used that could be just tossed into the ground hidden and all site unseen overseas and we lost the next economy and right there was the true end. A young person today wouldn’t know anything about what happened but both manufacturing goods and technology was a true economy. To design, manufacturing and sell goods is an economy and everything else lives off of it such as food, consumer products but even that has been outsourced. Those companies, HP, Sylvania, RCA, Texas Instruments, Intel, Emerson, National Instruments, Fairchild, AT&T, Western Electric, Bell Labs, Compaq, Digital, Harris, Raytheon Commercial and Medical, Wang, Centronics, Polaroid, Canon, GE commercial, Industrial, medical, Teradyne, Lucent, well I could keep going but maybe some are still in name yet most are outsourced. All because they want to not pollute the skies here, destroy the water, cut the pay that supplied workers in Engineering, Manufacturing that payed salaries to live off of, medical and put money as liquidity in the economy not to mention competition and when there is competition there is a healthy market a healthy working environment and newer technology thrives with the return in profit dollars based on sales. People in Sales, Puchasing materials, Chemists, Operations workers, Soldering reflow to make circuit boards, hand assembly, essentially every single facet made these people very strong. The CEOs didn’t make 50 million a year and we could talk with them. They combed the ladder if you will. So I am in my 60s and saw the dismantling of America from the definition of a true economy. An engineer but it is so easy to see from a hands on perspective and having lived it. What Danielle said was excellent, where the heck are we going to generate a real economy. I think our largest product outsourced is oil. Not good oil is not an economy. If we had pushed con with cleaning our air and using better sources of energy such as nuclear power, used ocean water distilled and piped through the country for the right items using nuclear energy we could have saved the drinking water. Just one thing but to give up and outsource brought us here. I mean data is everything but I think by now if no one changes this nothing changes. The only answer will be money printing as the future. It could be fixed but it would require acceptance and honest desire.

[@daniellee8720]

Keeping the economy on life support when the patient is already brain dead

[@dalemccall562]

I believe that Danielle is the most relevant interview you can have at this time….great interview and information from yourself and Danielle!!

[@jeffsurfanderson]

GDP is actually negative when you take out the government spending and use the deflator metric

[@TomHawk640]

She's one VERY SHARP lady. (As always.)

[@anomadhunter]

Danielle is great. She always puts out a couple of substantial well rounded impressive points in every discussion. Can we see more of her please ❤

[@cantstandtheestablishment4004]

What a GREAT interview. I love Danielle's insight.

[@aaroncase7537]

Forget subscribers, the views per video is crushing it for a new channel. Congrats to Adam. Always great to hear from Danielle.

[@sonespazz518]

And the people who still have a job, with companies running leaner all the time, the remaining workforce gets more stretched and stressed to keep up that productivity...

[@KK-pm7ud]

The large tech companies are fine

[@prolific1518]

​@@KK-pm7ud Cool story

[@michaeldonnellan8630]

The data is manipulated period. The enemy at the gate

[@Jalleur14325]

Yes. In fact this nonsense of increasing money supply to make sure we have 2 percent inflation and pretending that that is beneficial for consumers, has been con. All the while we have in reality had soaring house prices and soaring rents, and wages stuck at the same level they have been for years. The wage increments now don't make up for 15 years of QE and inflation prior which led to things like Trump/Brexit etc.

[@manager4409]

its shocking anyone would take the government at face value anymore. I can't believe the mental state of boomers and women believing shit like this. Everything from the jab to ukraine to unemployment "data" are lies.

[@aleaiactaest8354]

That was one jam packed episode! 🥵 Will listen again!

[@petersheenan4482]

So will I.

[@nosac1230]

The discussion beginning about 55:20 on the demographic situation we now find ourselves in is so important. Yes, it sounds bearish but its very real and perfect storms do happen! She really nailed it in discussing the difference between 2007 and now when it comes to options for this huge age demographic.

[@Jalleur14325]

I was puzzled by that. None of the 60 year olds I know went back to work in the financial crisis (UK). Maybe in the US? A lot had financial salary pensions, which now don't exist. Then those in the public sector (gov workers) also get a nice juicy pension and early retirement. So I guess it's those born 70s onwards who are really in a sticky situation.

[@somethingclever1234]

Danielle is awesome, thanks for giving us the actual data

[@Shane-yx2hi]

600 laid off recently at boat manufacturer in north Florida. Employee told me they were selling 50-55 boats a week now selling 5 boats a week

[@KK-pm7ud]

It was all of that pandemic stimulus money and remote work. Now it's over and the demand has dried up. Plus double ordering is over.

[@johnfkeating]

So blessed for you two!!!! Your mutual information you both put us in a great safe place. We have heeded the warnings. I’m sitting very good. This has to all burn to the ground for any future hope

[@ChildOfAsura]

I work in car manufacturing, we JUST got the announcement of 32hr work weeks. Supposedly till October 😅

[@bpb5541]

Sorry to hear that... and what happens to the car market will not stay contained. It means somehting... and what it means is prices got too high and now we are getting price rejection and companies and employees are in real trouble right here, right now.

[@rufben1695]

Germany: total capacity of all car makers only used aprox 66%, too

[@thomasbeslanovits9163]

DANIELLE IS A TRUTH SEEKER THANKS ADAM FOR HAVING HER ON.

[@mattanderson6672]

Massive fan of DDMB!! Thank you so much for having her back brilliant!! Thanks both

[@rdw1744]

Thank you for looking under the hood and telling the rest of us what you see.

[@ShamileII]

Wow! Danielle is such a wealth of information. I love the way she can rattle off pertinent stats off just like that. Retired at 54.....but it took me since getting caught out in 2008 to make that happen.

[@mackakiwinz4353]

You both have a amazing spark between the both of you which leads to a phenomenal conversation. You both are so far onto it and Danielle is incredible with her factual,date and experience based knowledge and how you bring out the best in Danielle Adam is next level. Thank you to the both of you.🙏

[@4000angels]

Excellent interview as always. Thank you, Adam

[@csebastian3]

This is my first time listening to Danielle. I am impressed!

[@RichardSKLim]

Adam Taggart and Danielle DiMartino Booth, the result is a highly gripping, insightful interview and conversation.

[@mikestulken524]

Thanks Adam. Danielle is definitely worth spending an hour listening to.

[@Bballing23]

Yep here in CA. My favorites restaurant in our downtown are closing.

[@KK-pm7ud]

Newsom and friends increasing minimum wages to put the last nail in the coffin for entrepreneurship

[@Bballing23]

@@KK-pm7ud You in CA? So I assume they doing this because they want all the big corporate restaurants and big biz in general to take over because they are getting lobbied to right? I also hear it is an easier streamlined tax revenue to just have large corporate biz vs. small.

[@manager4409]

only boomers eat at restaurants. young people dont have money for $50 meals including tip.

[@catherinecampbell4440]

So many insights and thought provoking observations backed up by data, Danielle knocked it out of the park again with your expert next level questioning, Adam. There were many subjects touched upon in this session that could be expanded into stand alone interviews.

[@heidihelo5773]

OUCH!! I love how Danielle tells it like it is. 🎉

[@krackerToo]

Thank you Danielle DiMartino Booth👍 I wish I had married someone smart as she is.❤ Great work Mr. Taggart👍💯 Shalom

[@mattb782]

There are plenty of intelligent women out there. Not hard to find.

[@popsmcgee9775]

Thank you Adam and Danielle for the insight, analysis, information, and general guidance. I'm very grateful to both of you, and this channel.

[@literally8492]

Great interview, Adam! Thanks again.

[@rimor3579]

I always like hearing from DDB, Adam. When she digs down and pulls out data and facts, I am focused. Add to that, she is a long term realist thinker. Thank you.

[@gigem7748]

I follow Danielle and listen to anybody who interviews her. Thanks Adam!

[@sasa2eli]

Thank you Adam for bringing her back. Can you have a show, about retired people with little 401k funds?

[@KK-pm7ud]

You can Google the answer. It's not a controversial subject. What do you want to know?

[@johnfkeating]

Two of my favorite people!!❤️❤️❤️😍😍

[@4000angels]

Danielle is the best

[@annKLR]

I always enjoy your analogies Adam. You'd have been a great high school history and economics teacher

[@Jalleur14325]

The air balloon was good! Improvement on the gory ones.

[@Star-u3t1l]

She is sooooooooooooooooooooooooo smart! fungible: commodity replaced by another identical item, they are interchangeable.

[@ronster-380]

And wrong for years.

[@toddgammons9400]

Always a great interview. Great show

[@ongaga9]

I just love your intro tone. So good

[@jonEmontana]

Was a tad busy with work this wk since the last 6 wks of summer vaca for kids is our hair on fire season at work .....so I missed this. Thanks so much for having Danielle on to compare with Claudia. Stark difference.

[@Delvy787]

Fantastic interview and content.

[@Strve-k3k]

I’m a seventy four old some what retired contractor. I can pretty much ask what I won’t for projects. Or handyman repairs. Young people don’t want to work and many in the trades don’t have the experience. So get a job in the trades. Every thing will always have to be repaired, remolded, rebuilt

[@garykinard7553]

Same here. My neighbor is an electrical contractor and is filthy rich. I retired a HVAC contractor and put away a few pennies. Best advice you could give someone now is get a good trade and forget college. I went back to college and wrote software for a few years after working in the trades. I quit and opened a small contracting company and my salary tripled . My neighbors around me gripe about the prices of getting things fixed and pay through the nose. I enjoy doing it myself. People don't know how to screw in a lightbulb it is a contractors dream come true.

[@idris8153]

Thank you Danielle ❤️

[@CA06917]

You two are two of my favourite.

[@Abdul-nt9uk]

This was great. We love Danielle!

[@Travis_24]

Today I learned that broccoli grows on walls.

[@miab5409]

I love Danielle's insights. And gives a great interview

[@sampacheco7757]

Layed off in November 2023 along with 5%of my fellow employees. Thank God I got an awesome severance package it got me thru to my current employment. It's gonna get really sticky with the jobs market by January 2025.

[@driz77]

No worries. Each time the economy starts slipping, the FED will simply print more QE. If you haven't noticed, that's how it's been done for the last 20+ years. This assures that the bank CEO's and hedge fund owners are bailed out with taxpayer money, and the taxpayer gets no bank equity in the deal. It's absolutely brilliant and most people will never have a clue where their taxes went! I'm starting a bank or maybe a hedge fund, because it's guaranteed by the government to not fail. More recently, think Silicon Valley Bank. Nobody lost a cent. What a country!!

[@sarawilliam696]

This global recession/collapse might end up being a part of us for a very long time. With inflation currently at about 5%, my primary concern is how to maximize my savings/retirement fund of about $680k which has been sitting duck since forever with zero to no gains.

[@KaurKhangura]

I'd advice you read up some good books on finances and investing, or just you get yourself a financiaI-advsor that can provide you with entry and exit points on the shares/ETF you focus on.

[@brucemichelle5689.]

I agree, having a portfoIio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $620k with the help of my advisor from an initial $120k investment thus far.

[@foden700]

It's a good time to buy and basically I've just got cash sitting duck in the bank too and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up?

[@brucemichelle5689.]

‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

[@foden700]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@donkirouac25]

Greatly appreciated her candor. Being so articulate, IMO gives her perspective ever so much more credence. Be well.

[@nwchrista]

Her insights on CEO replacement is very telling. I'm recently out of work and seeing rates have fallen off markedly, across the board. Companies don't seem willing to cough up the cash right now and this will only accelerate as this recession gets going in earnest. End the Fed and save the American family and culture.

[@REWatchman]

DDMB with the knockout punch… if everyone moved to FL and TX then why is there so much inventory? The speculative building and investment here in TX is wild

[@kelvintran726]

A few more guests you could add to your Rolodex, Adam: Chris Vermuelen, Brian from ClearValue Tax, James Lavish, Jack Gamble from Nobody Special Finance, Todd from Sachs Realty, Ed Dowd, David Hay, David Rosenberg

[@kelvintran726]

David Woo, Robert Kiyosako, George Gammon (again)

[@mikebillsproductions]

Yes to Danielle! And thank you Adam!

[@chrisgoeswest9882]

Adam, always love your metaphors and similes. Trying to hit all of your questions is like someone hopping from stone to stone to cross a creek.

[@brooksboles]

Who farted at 52:12?😂😂😂

[@jonathanmcguire1115]

😂😂😂

[@coolazguy15]

😂😂😂 damn

[@coolazguy15]

I still think she’s kinda hot even more if she breaks wind 💨

[@davidfraser1966]

Very clever lady. I love that Danielle (and you of course) make complex economic concepts seem very understandable. Thanks Adam

[@donmillerjr]

Adam is the analogy KING!

[@jasonirby3382]

No, he is kinda like the analogy King. ;)

[@wmc9722]

The question at the end was different than your typical set up as you did NOT SAY 'non-financial' advice. Overall: Adam, your contribution is unmatched as it is so real and timely. I feel for people who are not prepared, not aware, not of the mindset to be able to cope with what is coming: 'Earn and spend is wonderful until everything changes and then the happy guy under the bridge is mocked less. He is happy. You are about to enter a hell.

[@jameswoenker2659]

Difficult to predict any economic movement when they can buy their own debt and fund any activity they want to pump up.

[@to2455]

I’m very appreciative of the advice I’ve received on the KZbin network. Including your podcasts Adam, over the last 2 years. Making 5%+ on the cash balance.. Safe and liquid. Waiting for market valuations to turn around..

[@fionahenderson3352]

Thankyou both, Danielle and you Adam are my top subscriptions you make such clear and logical points and the analogies are so helpful for non professionals to have it all explained. 🙏🙏