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Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Danielle DiMartino Booth, CEO and Chief Strategist at QI Research, who says that the U.S. is already in a recession and markets are ignoring the risk of a government shutdown next week. DiMartino Booth also discusses the pitfalls of a dysfunctional Congress and reveals a political development that would give her hope in this election cycle.
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00:00 – Intro
00:30 – The Fed is finished
02:55 – The damage has been done
04:55 – When does the pain really hit the economy?
06:19 – Looming gov’t shutdown & market reaction
07:51 – Bankruptcies
08:12 – Stock market exposure: ‘I owe exactly one stock’ in my personal portfolio
10:00 – Portfolio positioning
11:26 – Banking sector update
13:33 – Political development + 2024 election
18:40 – Gold and silver
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