Nomi Prins on Central Bank Madness and Disconnect in the Financial Economy
Daily Reckoning Australia editor, Shae Russell interviews author and economic expert Nomi Prins about the impact of central bank monetary policy on the financial economy and global markets. Most of the money the US Federal Reserve creates does not go to real people but to increased debt of corporations and financial markets. As a result, the Fed is creating distortion and disconnect between the financial economy and the real economy. The no-limit central banking policies are just creating more bubbles...
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