Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever

Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever by Nomi Prins The financial system has become increasingly polarised, with two distinct economies operating side by side. The real economy, driven by productivity and results, operates according to traditional rules of money and economics. In contrast, the financial system, dominated by large financial institutions, has been supercharged by policies crafted by the Federal Reserve and other key players. This has led to a world where the mega rich have emerged as winners, while the never rich have been left behind. Nomi Prins examines the roots of this distortion, tracing its origins back to the emergency response to the financial crisis of 2008. The injection of vast amounts of cash into the economy, particularly for major Wall Street banks, has had a lasting impact on the system. Prins argues that this has led to a world where the financial system has become detached from reality, with devastating consequences for regular citizens. As Prins reveals, this distortion has created a world of winners and losers, with the financial elite reaping the benefits while the majority of people are left to struggle. Permanent Distortion is a thought-provoking exposé that sheds light on the inner workings of the financial system and the consequences of its actions.