Danielle DiMartino Booth – 2018 – Inflation and Deflation Simultaneously, Economy Goes Cold – Inflation Hot

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Former Fed insider Danielle Booth says, along with a “bond market debacle,” the world will see inflation right along with it. Booth explains, “Look at lumber prices, look at the cost of packaging, plastics, raw materials, the producer price index . . . is at a six year high right now. It’s called the mother of all margin squeezes. Companies are suffering. We have inflation. We have very real inflation, and it is hitting corporate America between the eyes. We have seen inflation happening, and we continue to see it happening . . . Rental inflation is off the scale. . . . Inflation is up for 2018, and it has been up. We can have deflation and inflation at the same time. If all of this debt that has built up, especially for households, if they are allocating more of their income to servicing debt, then they have fewer dollars to spend on other things. So, you are going to have deflation and inflation at the same time.”
What does the regular guy on the street do? Booth says, “Figure out a way to have exposure to precious metals. Put your bubble vision on mute. You do not have to be invested in the market. That is a fallacy. Take what you have and pay down your debts.”
Join Greg Hunter as he goes One-on-One with former Fed insider Danielle DiMartino Booth.

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2 thoughts on “Danielle DiMartino Booth – 2018 – Inflation and Deflation Simultaneously, Economy Goes Cold – Inflation Hot

  1. Infrastructure and Deficit reduction bill going forward for 2019-20:
    1. Make the middle class tax cuts permanent and the expense deduction for capital investment from its
    current expiree of 2027
    2. Do not increase regressive gas taxes and thereby hike costs on production and transportation across
    the entire economy; the lowest income brackets suffer the most from this type increase
    3. Yes, Increase users fees at airports for air traffic improvement and user fees for rail traffic
    4. Legislators should eliminate the Sec 1411 3.8% Medicare surcharge on ordinary income and then revert marginal top
    tax rate be reinstated at 39.6% from 37% for 2019
    5. Legislators should demand as part of a compromise to eliminate the 1411 Medicare surcharge 3.8% tax to
    simply increase the top marginal capital gains rate to 25%, other rates at 10%, 15%, and 20%. Realign the brackets in accordance with the new rates. Eliminate the category of qualified dividends and tax all dividends as ordinary income. Capital gains should be taxed as ordinary income during the first 3 years of holding period versus the
    current 1 year. Demand the carried interest provision be increased to a 5 year holding period.
    https://upload.wikimedia.org/wikipedia/commons/5/59/Percent_of_Income_from_Capital_Gains_and_Dividends_%282006%29.gif
    https://www.suredividend.com/wp-content/uploads/2016/08/Qualified-and-Ordinary-Dividend-Tax-Rates-By-Income.png
    US Infrastructure deficit
    https://www.infrastructurereportcard.org/
    One should note that an infrastructure bill was already passed under Obama and the previous Republican Congress in 2015. Hence, there is no current urgency to put another in place this year, while further infrastructure investment and improvement is still required. The relevant question is finding a method by which to pay for it:
    https://www.theatlantic.com/politics/archive/2015/12/a-major-infrastructure-bill-clears-congress/418827/

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