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Permanent Distortion
Permanent Distortion

OUT OCTOBER 11, 2022

Permanent Distortion

How Financial Markets Abandoned the Real Economy Forever

This is the untold story of the ever-growing divide between the financial markets and the real economy, and the unprecedented crises it has caused. Discover how “free markets” are vanishing, what power shift is bringing in a new world order, why trade wars have only just begun, and the real driver of social unrest.

About Nomi

Nomi Prins is a geopolitical financial expert and investigative journalist who sheds light on the dark corners of the global economy, while empowering people with the knowledge they need to make informed decisions.

Speaking Engagements

FEATURED VIDEO:

Squawk Box Europe: Markets have been inflated by central bank policy. Check out Nomi on CNBC Europe.

"The April activity data shows that the temporary disruption from the zero-COVID policy is more severe than expected, raising significant downside risk," JPMorgan analysts wrote in a research note. https://www.axios.com/2022/05/17/china-economic-data-covid-lockdowns

“Greater levels of income inequality are associated with deeper recessions and a reduced effectiveness of monetary policy… these results point to the risk of an adverse feedback loop, where recessions persistently raise inequality while greater inequality deepens recessions…”

Bank for International Settlements@BIS_org

Taking #inequality into account when designing and implementing fiscal and monetary policy means policies could work in tandem to stem rising inequality #MonetaryPolicy https://bit.ly/3sLNrwp

The high-speed speculators are always there to provide ample liquidity... when you need it the least. As markets get more turbulent, they have no obligations to "make markets". https://twitter.com/leadlagreport/status/1526993867161096192

Michael A. Gayed, CFA@leadlagreport

In a world of so much liquidity, it turns out there really is none when you need it the most.

Why hello, Vancouver!

A fantastic gathering with Cambridge House at the Vancouver Resource Investment Conference!

As financial markets and macroeconomic conditions evolve the discussions at #VRIC2022 are as important as ever.

4

Looking forward to joining @JayMartinBC and so many others today at the Vancouver Resource Investment Conference! With so much changing in the world right now, the #VRIC2022 could not be more timely and important.

“In terms of the effect, I mean, I would just stress how uncertain the effect is of shrinking the balance sheet,” Mr. Powell said when asked how the looming balance sheet shrinkage would affect the economy. https://www.wsj.com/articles/derbys-take-powell-says-impact-of-balance-sheet-drawdown-very-uncertain-11651743000

“The impact of Shanghai’s lockdown is far-reaching,” wrote analysts at Australian bank ANZ.

“Economic and technological linkage with the rest of the world is at risk.” https://www.ft.com/content/41f80bad-0eca-445a-a7fb-922262611311

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PRESS

“[An] unflinching, troubling exposé … well worth a close read by anyone looking to understand the roots of the last crash and prepare for the next.”
Publishers Weekly

“A somber, important warning that’s likely to cause readers to wonder about the safety of their assets, if not fear for the near-term future.”
Kirkus Reviews

“Prins offers practical and tactical solutions for preventing the downfall of the current over-inflated economy. This thoroughly researched, high-level view of central-bank operations would be interesting to those in the finance, banking, and economic fields.”
Booklist