"Even if [the stock market] were to be recalibrated, doesn't have the time to help the real economy in the current structure, in the current system. So therefore it continues to bubble up because all the actors (the banks, the hedge funds, the private equity funds, the wealthy, the people that dabble in the stock market even) are collectively pushing up that value.. And that's why the Dow is up to almost where it was before the pandemic. That is a bubble. It does not represent the real economy. And on top of that we have a bubble in debt." - Nomi Prins
Watch the full episode: https://www.youtube.com/watch?v=DvTlmJUOEuw
Nomi Prins is a former Wall Street executive, who worked as a
managing director at Goldman Sachs in New York, and as a senior managing
director at Bear Stearns in London, as well as holding posts at Lehman Brothers
and the Chase Manhattan Bank. She left Wall Street to become an investigative
journalist, author, international speaker and advisor on financial-economic
matters. She has written six books, including her latest book "Collusion: How
Central Bankers Rigged the World."
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