Nomi Prins: Fed Cherry-Picking Inflation Data; They Can't Save you From Egg Prices
Stansberry Research, Released on 2/15/23
"There is still going to be an overhang in the economy even as the markets are going to get comfortable with the dialed down size of the Fed's rate hikes," says Nomi Prins, bestselling author and investigative journalist. "The Fed is going to go to neutrality," she tells Daniela Cambone. "Then they will start to buy bonds again or back up from their plan to do quantitative tightening," Prins continues. "There are certain assets like gold, silver, and copper that are already peaking up because the Fed has entered the first stage of a three-stage pivot," she says. "Gold purchasing by China has allowed them to begin backing the renminbi with the metal and create new alliances at the same time," Prins says.
Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her books All the Presidents' Bankers: The Hidden Alliances that Drive American Power
Nomi Prins: Fed Cherry-Picking Inflation Data; They Can't Save you From Egg Prices added by Herman James on 02/14/2023View all posts by Herman James ?+'