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. All they can hope to do at this point is keep things limping along until their tenure is up and the problem becomes someone else's to