The David Lin Report Layoffs About To Skyrocket, Why Is Fed Ignoring Critical Data? | Danielle DiMartino Booth
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May 10, 2025 
Danielle DiMartino Booth, a former Fed insider and CEO of QI Research, uncovers alarming signs of economic weakness, predicting a surge in layoffs. She critiques the Federal Reserve, pointing out Chair Powell's dismissal of critical recession signals while job postings plummet. Booth emphasizes the disconnect between soft and hard data, warning of rising unemployment and shifting consumer confidence. She also discusses the impact on the housing market and the necessity of defensive investment strategies during these uncertain times.
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Jobs, Not Inflation, Drag Spending
- Consumer spending won't rebound much if people expect higher prices despite rate cuts.
- Job concern, not inflation anxiety, now drags consumer expectations and spending down.
Fed Ignores Soft Data Warning
- Fed Chair Powell dismisses soft data signaling rising layoffs as imagination.
- This disconnect between soft and hard data is disingenuous and problematic for policy.
Unemployment Expectations Predict Reality
- When over half the population expects rising unemployment, it's usually self-fulfilling.
- Current 66% expectation shows hard data lags behind clear economic weakening seen in soft data.