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Fed's high rates to trigger 'controlled demolition' of banks - DiMartino Booth
In this exclusive interview, Danielle DiMartino Booth, CEO and Chief Strategist at QI Research, sits down with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to discuss the far-reaching effects of Fed policy on the U.S. economy. Tune in as they delve into the current banking and commercial real estate crisis, while exploring the potential outcomes for gold and equities in a 'higher for longer' scenario. Don't miss this crucial analysis of the financial landscape.
🔥𝗣𝗿𝗶𝗺𝗲 𝗫𝗕𝗧
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Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
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Follow Danielle DiMartino Booth on Twitter: @DiMartinoBooth (https://twitter.com/DiMartinoBooth)
0:00 - Reaction to July FOMC
3:11 - How ‘higher for longer’ will manifest
7:37 - Recession masked by stimulus
13:07 - Expect a real recession
14:58 - More bank collapses to come
19:26 - Commercial real estate collapsing
23:00 - Equities are trading on hope
23:51 - More in gold and munis, zero in equities
#gold #federalreserve #stockmarket #recession
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