Danielle DiMartino Booth - Negative Interest Rates Are 'Un-American' And Kills Credit Markets

in gold •  5 years ago 

SBTV's latest guest Danielle DiMartino Booth, CEO and Chief Strategist for Quill Intelligence LLC, does not see the Federal Reserve wading into negative interest rate territory because it would be totally 'un-American', it would upend the financial system and kill credit markets.

Discussed in this interview:
03:13 Shadow banking system is oversized once again
05:26 Fed's repos are similar to quantitative easing
10:13 Liquidity seizure are extremely rare events
12:06 Preventing contagion from overnight lending market
16:08 Will the US follow the rest of the world into negative interest rates?
18:14 Negative interest rates 'un-American'
21:03 Signs of a coming recession
23:05 Expectations for the October FOMC meeting

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Since the debt level is so high, interest rate will only trend lower in the near future.