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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


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

My new book, Permanent Distortion is out in a week. It covers how we've arrived in our current economic situation.

A BIG thank you to those that have pre-ordered, it means the world. If you've not pre-ordered, I hope you'll consider getting a copy today!

"A spree of bank mergers is happening right now. It would create the most too-big-to-fail banks since the 2008 crash. Regulators must get serious about applying the law and ending too big to fail or history is going to repeat itself."

"Sadly, it is too late to avoid all the detrimental economic and social consequences of the damage the Fed has caused to its own credibility. The central bank was notably late with its response to inflation. But it is not too late to contain the harm."

Excited to share that I'll be in Washington DC to discuss my new book, Permanent Distortion at @PoliticsProse on October 27!

It would be wonderful to see you there. I am truly looking forward to it!

Please consider pre-ordering your copy now!

I have been told that one of Kafka’s nieces, who survived the war, once said: “Uncle Franz was too optimistic.”

- Carlo Ginzburg in an interview by Maria Lúcia Pallares-Burke on Quotomania ▶️

* The EM credit crunch. (2013)
* The Asian financial crisis (1997)
* Orange County (1995)
* The savings and loan crisis (1980s)

All can be “linked to tighter US monetary conditions,” says JPMorgan. And “recent weeks have shown a substantial rise in .. credit market stress.”

Worst monthly drop for S&P 500 since March 2020, making for another weak quarter as stocks couldn’t hold onto gains; REITs turned higher today while Utilities fell most … NASDAQ had worst month (close to R2000 Value) relative to peer indexes and is down 32% YTD

The other worry is that the whipsawing markets will expose the weak hands among asset managers, hedge funds and other players who may have been overleveraged or took on unwise risks. Margin calls and forced liquidations could further roil markets…



“[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.”