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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.

"We are moving toward an economy with higher interest rates, flat consumer spending, depleted personal savings, higher unemployment, and potentially a recession. And none of it may have any effect on inflation... mainly caused by random supply crunches." https://prospect.org/economy/the-fed-is-crushing-investment-right-when-we-need-it/

Richest 1% of Americans held almost half of all corporate equities and mutual fund shares in 1Q22 per Federal Reserve data … among bottom 1/5th of households, about half of their wealth is held in real estate
⁦@Bloomberg⁩

"The Fed is trying to bring inflation back under control by raising interest rates, which sets off an economy-cooling chain reaction... The challenge for many working families is that their wages might slow down before price increases do." https://www.nytimes.com/2022/06/21/briefing/inflation-government-wages-jobs.html

"The troubles of the three central banks mean investors should prepare for the sort of low-probability, high-threat risks that lead to extreme shifts in prices. When central banks unexpectedly go into full reverse, watch out." https://www.wsj.com/articles/the-lords-of-money-pose-massive-threats-to-markets-11655567098?st=1tolxb6skj3c4rf

"Trying to rein in inflation through reverse currency wars is ultimately zero-sum. Just as competitive devaluation can shift around demand but not ultimately generate more of it, currency fluctuations shift around the pinch of inflation." https://www.axios.com/2022/06/21/reverse-currency-wars-central-banks

"The prospect of higher monthly housing costs on the heels of bigger Fed rate increases is an awkward and problematic idea. It highlights the bluntness of the tool the Fed is using to address the nuanced and multifaceted dynamics of inflation." https://www.bloomberg.com/opinion/articles/2022-06-18/why-is-the-cost-of-rent-going-up-ask-the-federal-reserve

"If wages aren’t what’s driving inflation, why are we addressing inflation with tools that act mainly on wages?" https://www.barrons.com/articles/fed-inflation-recession-labor-rates-51655495956

I want to wish all you fathers out there a very happy and memorable Father’s Day. I’m grateful to my dad for having taught me the value of hard work, curiosity, perseverance and learning.

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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