342
129 shares, 342 points

Famous CEO Danielle DiMartino Booth advised to keep gold and real estate “aggressive” due to the Fed’s failed policies. According to Booth, the Federal Reserve held monetary policy too easily “inappropriately” for too long, triggering inflation. Quill Intelligence CEO Danielle DiMartino Booth said now the central bank may be forced to tighten aggressively. Details Cryptocoin. com

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Continue to buy gold

Speaking to Michelle Makori, Booth said, “Quantitative expansion is a failed experiment. There is much more to this than supply chain disruptions. And there are much more problematic forms of inflation that I think [Fed Chairman] Jerome Powell is not prepared to accept. But that’s the kind of sticky inflation the Fed has to deal with the most. And that’s starting to flow into housing and rent inflation,” he said. With so much liquidity added to the monetary system, DiMartino Booth pointed out that the Fed is stuck between a rock and a hard place. Analyst: “I don’t think the Fed has many options. I don’t think most people within the Fed believe the tentative narrative anymore. And the idea that the Fed will let inflation heat up. I don’t think they ever expected the weather to get hot for this long. ”

FED caused inflation

DiMartino Booth added that with higher-than-expected inflation and slower growth, the Fed’s options are quite limited. Raising rates can slow down growth, while keeping rates too low can trigger sticky inflation. Famous CEO: “They’re already trapped because it’s slowing down. We had a sudden recession. It took two months. So they kept the policy inappropriately too easy. for a very long time,” he said.

Giving trillions of dollars directly to households has really caused hyperinflation in the last 19 months. Booth: “What set the great financial crisis apart was that the Fed was able to handle it alone in 2009, 2010, 2011. This time they also needed financial money. We are heading towards the midterm elections. So if it slows down, the Fed may not be able to go it alone. “Based on the current environment, the Fed may be forced to tighten, including raising interest rates. In light of all this, DiMartino Booth recommends holding gold, real estate and municipal bonds. The CEO said, “I hold my gold aggressively. I like having a lot of real estate. And my municipal bonds have been very good to me,” he said.


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