Greg Hunter interviews Danielle DiMartino Booth, former FED insider and author of "FED UP", about the economy and what she sees ahead for 2018.

Topics:

• (00:38) U.S. tax reform bill - tax cuts -- taxes are now more complicated -- repatriation of overseas funds held by companies;

• (03:08) What about the stock market? -- it is overvalued and something is going to have to give -- don't be greedy in 2018 -- stock market will be lower one year from now (2019);

• (07:06) Will the FED do another quantitative easing (QE) if they get into trouble? -- interest rates have not been raised enough to lower them again -- new FED chief, Jay Powell;

• (10:11) Interest rates, will there be three FED interest rate hikes in 2018? -- We will not see all three rate hikes -- signs of economic slow down towards middle of 2018;

• (11:19) How is the economy going to do in 2018? -- slow down in 2018 -- credit card spending outpacing income growth -- automobile loan deliquencies;

• (13:36) Pulling the trigger on the economy during an election year? -- politicians (Republicans) hoping for the most optimistic economic forecasts to be true;

• (15:26) What about the bond market? -- bond (debt) market is an accident waiting to happen -- FED owned 33% of all mortgages in the U.S. -- the flat yield curve is troubling -- recession coming;

• (21:25) When will the FED normalize its balance sheet? -- not in our lifetime;

• (22:26) Gold and silver prices? -- gold and silver prices will be the ultimate indicator -- the ultimate safe haven;

• (23:26) Prediction for the real estate market? -- when one asset class implodes it takes the others with it -- gold and silver are the ultimate safe haven;

• (24:53) Prediction for the U.S. dollar? -- as goes the yield curve, so goes the dollar -- far less downside risk in gold and silver;

• (26:46) What is the thinking at the FED? -- they believe they can engineer an economic soft landing;

• (28:21) Debt defaults, states, pensions in trouble -- this is why central banks are afraid of the stock market correcting -- elderly poverty issue coming;

• (31:21) Inflation and deflation -- real inflation exists now -- coming deflation of debt destruction;

• (33:39) Vigorous pursuit of automation -- job losses in restaurant industry;

• (34:50) What can the average person do to prepare? -- shore up your balance sheet -- exposure to precious metals -- you do not have to be invested in the market -- pay down your debts;

• (36:39) Keeping cash on hand -- Bitcoin and initial coin offerings (ICO's) -- economy is fragile;

• (38:16) Predicting big losses -- bubbles tend to last longer than people think;

• And more...

42 minute video by Greg Hunter published 1 January 2018

Link Associated with this Interview

2018 Economy Goes Cold – Inflation Hot – Danielle DiMartino Booth

Source:

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