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Danielle DiMartino Booth, CEO and chief strategist of Quill Intelligence, joins Jack Farley to ring the alarm bell about the housing and auto markets, which by her reading of the data are quickly deteriorating. Booth notes that while the credit quality of mortgages remain high, the mortgage origination market itself falling sharply and, because of a \u201cbiblical\u201d quantity of single-family houses about to hit the market, Booth expects housing prices to continue to fall. Booth argues that the car loan market is in even worse condition, as car note defaults mount, the car values plummet and the jubilee-like monetary conditions of 2020 and 2021 wither away. Booth\u2019s description of the car loan market reminds Farley of his reading of the subprime housing meltdown in 2007. Booth and Farley also discuss Bernanke\u2019s Nobel Prize and the means and timing of a Powell pivot.\n\n__\nFollow Danielle DiMartino Booth on Twitter https://twitter.com/DiMartinoBooth\nFollow Jack Farley on Twitter https://rb.gy/uesguv\nFollow Forward Guidance on Twitter https://rb.gy/cy0dki\nFollow Blockworks on Twitter https://rb.gy/igyzsj\n__\nFounded in 2014 by three cybersecurity engineers, Bittrex is a world-class cryptocurrency exchange with a focus on security and trust. Trade over 150 cryptocurrencies in the United States along with lightning-fast trade execution and dependable digital wallets, all protected by industry-leading security practices. Discover why Bittrex is the best kept secret in crypto trading. Open your account today at: http://fgpodcast.link/bittrex\n__\nGet top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:\nhttps://rb.gy/5weeyw\n\nMarket commentary, charts, degen trade ideas, governance updates, token performance, can\u2019t-miss-tweets and more. Subscribe to the Blockworks Research \u201cDaily Debrief\u201d Newsletter: https://rb.gy/feusos\n\nFind out more about the Blockworks video editor role here: https://blockworks.co/careers/\n__\nTimestamps:\n(00:00) Intro\n(00:21) The Housing Recession\n(09:39) The Brewing Auto Loan Wreck\n(19:06) Is The Auto Loan Crisis Systemic?\n(23:14) Sponsor ad Bitrex\n(24:42) The "Winter" In Investment Banking\n(26:38) The Fed Is Not Coming To The Rescue\n(31:31) The Recession Started In January 2022"\n(43:26) Will The Fed Bail Out The Treasury Market?\n(48:37) The Bernanke Doctrine Is Failing\n(51:10) Ben Bernanke's Nobel Prize: "The Prize Was Premature"\n(53:57)\xa0Is Jay Powell Making The Right Move?\n(58:38) Closing Thoughts On The Midterms In The U.S.\n--\n\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.