In this week's Off The Cuff podcast, Chris and Nomi Prins discuss:
- Rumor-Driven Markets
- All that matters now is what folks think the central banks will do
- The Fed Is Scared
- Out of ideas and increasingly out of options
- The Trump Card
- The weakening economy will eventually trump delusional markets
- Anxiety Builds
- Lots of signs that those in the game want to get out
Fresh from a conference where she got to interact with Federal Reserve staffers, Nomi Prins gives a first-hand account of how the world's central bankers are living in fear these days. They realize that the data is mounting that shows their 7-year experiment with quantitative easing (QE) has been a failure. They have no clue what to try next, and a lot of apprehension that the false wealth they've pumped the markets full of is set to quickly evaporate.
by kugscheese