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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.

Had the chance to swing by the incredible @strandbookstore. An iconic NYC institution!

For those in the area, they now have a couple of signed copies of my book, Permanent Distortion on hand!

The Fed's balance sheet runoff is starting to get more noticeable. The central bank's assets have shrunk by more than half a trillion dollars in less than a year, a record pace, albeit from a hugely bloated level to start.

Check out this brilliant @BetterMarkets report on Fed policies and systemic instability.

It notes how Wall St banks were, "unrivaled recipients of the Fed's largess. The six largest banks are estimated to have made $1 trillion over the last 10 years." https://bettermarkets.org/analysis/federal-reserve-policies-and-systemic-instability-decoupling-asset-pricing-from-underlying-risks/

Consumer spending still looked solid in Q4.

Goods spending came in better than expected at +1.1%.
But...we're starting to see a slowdown in service spending. How much more does that pullback?

Services spending last year:
Q4: +2.6%
Q3: +3.7%
Q2: +4.6%
Q1: +2.1%

The Fed keeps saying they won't cut rates this year. The market disagrees and is doubling down on rate cuts by September. At the end of last year, traders were pricing a year-end fed funds rate of 4.6%. Today they're pricing in 4.4% by December.

"...They are on course to one day hold voting control of every major corporation and wield an immense, systemic level of power over governments and the global economy." https://inthesetimes.com/article/private-equity-finance-economy-wall-street-new-power-elite via @inthesetimesmag

Former Fed economist John Roberts: What if inflation comes down faster than the Fed expects?

He says it isn't his base case, but in this blog post, he works through how the Fed might respond if there's a very rapid disinflation this year https://jrobertsmacroecon.wordpress.com/2022/12/09/what-if-inflation-comes-down-quickly/

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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