Articles by: Nomi Prins

War of the (Financial) Worlds Or Let the Markets Go Wild While the People Go Down

War of the (Financial) Worlds Or Let the Markets Go Wild While the People Go Down

  Sometimes things only make sense when seen through a magnifying lens. As it happens, I’m thinking about reality, the very American and global reality clearly repeating itself as 2021 begins. We all know, of course, that we’re living through a once-in-a-century-style pandemic; that millions of people have lost their jobs, a portion of which will never return; that the poorest among us,[Read More…]

by January 11, 2021 World
The Great Depression, Coronavirus Style

The Great Depression, Coronavirus Style

Many economists believe that a recession is already underway. So do millions of Americans struggling with bills and job losses. While the ghosts of the 2008 financial crisis that sent inequality soaring to new heights in this country are still with us, it’s become abundantly clear that the economic disaster brought on by the Covid-19 pandemic has already left the initial shock[Read More…]

by May 29, 2020 World
Wall Street Wins – Again: Bailouts in the Time of Coronavirus

Wall Street Wins – Again: Bailouts in the Time of Coronavirus

To say that these are unprecedented times would be the understatement of the century. Even as the United States became the latest target of Hurricane COVID-19, in “hot spots” around the globe a continuing frenzy of health concerns represented yet another drop down the economic rabbit hole. Stay-at-home orders have engulfed the planet, encompassing a majority of Americans, all of India, the United Kingdom,[Read More…]

by April 6, 2020 World
 The Fed, the Virus, and Inequality – A Global Dr. Frankenstein at Work

 The Fed, the Virus, and Inequality – A Global Dr. Frankenstein at Work

Whether you’re invested in the stock market or not, you’ve likely noticed that it’s been on a roller coaster lately. The White House and most of the D.C. Beltway crowd tend to equate the performance of the stock market with that of the broader economy. To President Trump’s extreme chagrin, $3.18 trillion in stock market value vaporized during the last week of[Read More…]

by March 12, 2020 World
'This is not a gap between the tolerant and the intolerant,' writes Hedges. 'It is a gap between most of the American population and our oligarchic and corporate elites, which Trump epitomizes.' (Cartoon: Mr. Fish)

Trump And The March Of The Billionaires

Given his cabinet picks so far, it’s reasonable to assume that The Donald finds hanging out with anyone who isn’t a billionaire (or at least a multimillionaire) a drag. What would there be to talk about if you left the Machiavellian class and its exploits for the company of the sort of normal folk you can rouse at a rally? [Read More…]

by December 9, 2016 World