Nomi Prins
Survival of the Richest
Nomi Prins tracks the acute worsening of inequality since the 2008 financial crisis. By Nomi Prins TomDispatch.com Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism covers a grotesque underbelly of growing inequality…Read more →
Wall Street, Banks and Angry Citizens
The post-Great Recession economic “recovery” was largely reserved for participants in financial markets, not the majority working longer hours and multiple jobs, writes Nomi Prins. Inequality Worsens Around the Planet By Nomi Prins TomDispatch.com As we head into 2019, a major question…Read more →
The Donald in Wonderland
One question as we head to the November midterm elections, a referendum on the president, is: Could Donald Trump be a one-man version of either Enron or Lehman Brothers, someone who cooked “the books” until he implodes? asks Nomi Prins. By Nomi…Read more →
My Financial Road Map for 2018
Happy New Year to all of you!
In last year’s roadmap, I forecast that 2017 would end with gold prices up and the dollar index down, both of which happened. I underestimated the number of Fed hikes by one hike, but globally, average short term rates have remained around zero. That will be a core pattern throughout 2018.
The Central Bank Power Shift from West to East, Game of Thrones Style
The Fed clings to status quo. Other central banks are vying to knock it down, or at least loosen its grip on them. But the Fed behaves as if it has no idea there are other powerful central banks that want to grab and harness its power. It carries on refusing to acknowledge that there may come a time, sooner rather than later, where its power is attacked.
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How America Became an Oligarchy
The politicians are put there to give you the idea that you have freedom of choice. You don’t…. You have owners.
— George Carlin, The American Dream
Mike Lofgren Willing To Say Aloud What Few Dare: The Roberts Court Itself Is Corrupt
Stuck on awful for the next decade?Our favorite ex-Republican staffer and operative, Mike Lofgren, was busy at Truthout yesterday, making clear what we all know intuitively, namely that "Even in the absence of what Justice Roberts narrowly defines as 'quid pro quo corruption,' a court that consistently decides all relevant cases on behalf of corporate int
