The David Lin Report, Released on 8/7/24
Dr. Nomi Prins, best-selling author and geo-economist, discusses the biggest “red flags” that the economy is flashing right now.
0:00 – Intro
1:14 – Central bank policy divergences
5:47 – Unemployment rate
7:00 – Asset allocation
12:15 – Permanent distortions
15:55 – Outlook on stocks
17:00 – Red flags of the economy
20:15 – Personal savings
21:18 – Inflation
25:16 – Wages
30:28 – Geopolitics
Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her books All the Presidents’ Bankers: The Hidden Alliances that Drive American Power, Collusion: How Central Bankers Rigged the World and Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever.