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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.

“I’m expecting growth to slow this year, quite a bit, relative to what we had last year, and actually slow to probably one to one and a half percent growth for the year. But that’s not a recession, it’s a slowdown that we need to see in the economy...” https://www.wsj.com/articles/feds-williams-sees-another-large-rate-rise-at-july-meeting-as-possible-11656421930?st=n6eshvbjfvlduw7&reflink=desktopwebshare_twitter

"A stronger dollar tends to depress global trade growth... Since the purchasing power of non-US currencies declines when the dollar strengthens, an appreciation of the US currency tends to make the world poorer and less engaged in trade."
https://www.ft.com/content/3e8737a0-b4c1-4e7c-b93f-f646e3c699dd

"A much higher proportion of households among the poor will experience a material decrease in income when the unemployment rate increases... this increase in income inequality persists long after recessions end." https://www.bis.org/publ/othp50.pdf via @BIS_org

"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

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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.”
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