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Permanent Distortion
Permanent Distortion

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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 Fed is now working to squash wages by crushing the labor market. The likely outcome is the most vulnerable will be put out of jobs while inflation soars. All from the same unelected Fed leaders that have unleashed trillions in bailouts for Wall Street. https://politi.co/3ORoRE4

An interesting column by ex-Fed official Kocherlakota, saying the Fed is actually aiming for stagflation. What's uncertain is, "How much stagflation is the central bank willing to tolerate? This is a crucial policy question that the Fed needs to answer publicly." https://twitter.com/dlacalle_IA/status/1597935282313052160

Daniel Lacalle @dlacalle_IA

Is the Fed aiming at stagflation?

Interesting: Stagflation Is What the US Economy Needs: By Narayana Kocherlakota at Bloomberg

"There are more millionaires and billionaires because profit margins are high—for many reasons, including increased monopoly power—and companies choose to pay their top people much more than in the past."

True. Also epic stock buybacks, trillions of dollars to the markets by Fed

WSJ Markets @WSJmarkets

Raise inequality and demand for stocks goes up, and so do prices. The question is whether we are at a turning point in how wealth is shared. https://on.wsj.com/3OOHgS3

"Historically, financial innovation without proper regulation and supervision has led to asset inflation, which fuels bubbles that eventually burst." https://prosyn.org/ZbTrBx5

If the US hits 5% unemployment with the Fed pushing the economy toward recession, who on the FOMC or within Fed leadership loses their job? Failed policies should have real consequences for policymakers. It should not just be Main Street that pays a price. https://www.ft.com/content/de68e9e7-0887-420b-a1ac-12c27009bbd6

Thanksgiving '22 felt very different for the rich vs. the poor.

In Boston last week, I visited a fancy hotel whose $135 Thanksgiving brunch was on waitlist. Then a food pantry where people had lined the frigid block from 4:30 am for free turkeys. (1/)

https://www.nytimes.com/2022/11/25/business/economy/economy-holiday-season.html

"Now that QE has become the norm, the next time there is a recession markets will expect more QE, and if doesn’t happen that could cause more trouble in the debt market." https://www.bloomberg.com/opinion/articles/2022-11-22/fed-s-qe-was-a-colossal-monetary-policy-mistake via @opinion + @AllisonSchrager

Grateful for Aaron W. Hughey's thoughtful review of my new book, Permanent Distortion featured up at @bgdailynews! https://www.bgdailynews.com/distortion-reveals-economic-forces-at-work/article_e92cd569-e7f2-59d5-a05e-dab58a14893c.html

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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