{"id":37144,"date":"2018-08-30T05:59:53","date_gmt":"2018-08-30T10:59:53","guid":{"rendered":"http:\/\/olduvai.ca\/?p=37144"},"modified":"2018-08-30T05:59:53","modified_gmt":"2018-08-30T10:59:53","slug":"inflation-has-run-amok-danielle-dimartino-booth","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=37144","title":{"rendered":"Inflation Has Run Amok \u2013 Danielle DiMartino Booth"},"content":{"rendered":"

Inflation Has Run Amok \u2013 Danielle DiMartino Booth<\/span><\/a><\/h3>\n
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Former Fed insider Danielle DiMartino Booth is sure the Fed is going to raise interest rates again at the September meeting. Why? DiMartino Booth explains, \u201cI think he\u2019s (Jerome Powell) the most independent Fed Chair in the past 30 years, and I think he\u2019s going to raise rates regardless of what is happening in politics. . . . You don\u2019t kowtow to political pressure when you need to do right by the economy. . . . Powell thinks the inflation numbers are under-reported. He\u2019s listening to companies saying their profit margins are being squeezed . . . non-labor costs are outpacing labor costs by the greatest extent in three years, and what that tells you is inflation has run amok. . . . I think the Fed is going to continue to raise rates. . . . I think the markets have priced in the (September) rate hike by 90%. We may be looking forward to Jay Powell backing off come December. So, I am not really worried right now about a skyrocketing dollar.\u201d<\/p>\n

<\/span>DiMartino Booth points out the biggest problem the world faces now is record global debt near $250 trillion \u201cthat few can conceive a workable solution.\u201d Di Martino Booth says, \u201cIt really does keep me up at night because of the nature of debt. As we approach the 10 year anniversary of Lehman Brothers, the one takeaway that many have forgotten in the decade that has passed is that you don\u2019t know where the true ticking time bomb is when there is an over-indebted problem. . . . When systemic risk is released, it cannot be contained by any higher authority and potentially be unleashed. The greatest peril of debt is we don\u2019t know where the danger truly lies until something triggers it.\u201d<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Inflation Has Run Amok \u2013 Danielle DiMartino Booth Former Fed insider Danielle DiMartino Booth is sure the Fed is going to raise interest rates again at the September meeting. Why? DiMartino Booth explains, \u201cI think he\u2019s (Jerome Powell) the most independent Fed Chair in the past 30 years, and I think he\u2019s going to raise […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[13492,303,8757,426,431,16888,517,805,827,3650,9699],"class_list":["post-37144","post","type-post","status-publish","format-standard","hentry","category-economics","tag-danielle-dimartino-booth","tag-fed","tag-greg-hunter","tag-inflation","tag-interest-rates","tag-jerome-powell","tag-mexico","tag-trade","tag-united-states","tag-us-federal-reserve","tag-usa-watchdog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37144"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37144\/revisions"}],"predecessor-version":[{"id":37145,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37144\/revisions\/37145"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}