AVAILABLE NOW!
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 financial historian 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
Sign Up Now to Get the Latest from Nomi
By signing up, you’ve agreed to opt into our list and acknowledge that you’ve read our privacy policy.
Sign Up Now to Get the Latest from Nomi
By signing up, you’ve agreed to opt into our list and acknowledge that you’ve read our privacy policy.
FEATURED VIDEO:
Squawk Box Europe: Markets have been inflated by central bank policy. Check out Nomi on CNBC Europe.
"Powell moved to exempt banks’ venture capital investments from the Volcker Rule, which is aimed at preventing federally-insured banks from using deposits to invest in risky assets. SVB... had been pushing for that exemption..." https://www.levernews.com/powell-approved-svb-merger-insisting-bank-posed-no-systemic-risk/
"Where does the public subsidy end and the private responsibility for private risk-taking begin?" asks professor @STOmarova on Odd Lots.
A fascinating conversation that digs into the political side of banking finance and a lot more. https://www.bloomberg.com/news/articles/2023-03-23/former-biden-nominee-saule-omarova-on-the-case-for-public-bank-accounts?utm_source=website&utm_medium=share&utm_campaign=twitter via @markets
Bank stocks are breaking down again today.
Current levels would be a new closing low for the entire crisis.
Sure glad the situation has stabilized! https://twitter.com/i/web/status/1638967127813275649
Great to join Shae right in the heart of Melbourne to discuss the impact of central banking policies on the financial system and what the recent bank failures mean. Shae is amazing and worth following!
Check out our conversation if you get a chance!
Is this a #BankingCrisis in the US or simply poorly managed banks?
Hear @nomiprins & I discuss what the recent US bank failures are signaling about the US banking system & the 'permanent distortion' facing markets.
https://www.youtube.com/watch?v=LSqHVNGihBU&t=379s
“It’s astounding that Yellen and Powell would have given contradictory messages on bank deposits at the same time. Powell essentially said that all deposits are safe, Yellen said, ‘Hold my beer.’” @schiavarone https://www.bloomberg.com/news/articles/2023-03-22/dueling-powell-and-yellen-feeds-was-lot-for-stock-market-to-digest?utm_source=website&utm_medium=share&utm_campaign=twitter
It will be increasingly challenging for smaller banks to compete, as their cost of funds surges.
Source: @axios
I could not agree more...blindingly obvious this will happen... https://twitter.com/biancoresearch/status/1638272433525506048
4/4
So, if the Fed hikes tomorrow, they WIDEN this spread even further. And the yield-seekers will have even more incentive to leave. The banks will bleed, and bleed, and bleed deposits.
Why should the yield-seekers stop moving their money?
The already downloaded the app,… https://twitter.com/i/web/status/1638272433525506048
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