| By Nomi Prins, Editor, Inside Wall Street with Nomi Prins I stopped in New York City on my recent travels, and I got a little nostalgic. I headed down to the place where I began my career on Wall Street in Downtown Manhattan. See, when I was 19 years old, I got a job as an analyst inside 28 Liberty Street. Back then, it was called One Chase Manhattan Plaza. It’s a stone’s throw away from the New York Stock Exchange, and from the New York Federal Reserve Bank. That’s the most powerful bank in the Federal Reserve System. Why? Because it enacts all the policies that the Federal Reserve Bank in Washington, D.C. sets. Nomi visits One Chase Manhattan Plaza, where she started her 15-year career on Wall Street At the New York Fed, just a stone throw’s away from Nomi’s old office at Chase Manhattan Bank | Recommended Link | | Reclusive trader scores 20 straight years of winning trades. Here’s how He had 20 straight years of winning trades without a single losing year that put his hedge fund in the top 1% of Barron’s rankings. This year, he was one of the few experts who accurately predicted the 2022 stock market collapse. While most folks lost money, he showed those following his work how to avoid the carnage and profit from it. His secret? Keeping it simple. |
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But here’s a story… Right after I started working at Chase, we had the 1987 market crash. To me, it was trial by fire. [Featured: Do Recession-Proof Stocks Exist???] There was tension at Chase, and all around Wall Street in general. And there was a lot of drinking… But my boss told me something very important back then: Markets don’t care about how you feel. They’re going to be choppy. But they’re also going to be resilient. The key is to maintain your strategy and remain calm. | Recommended Link | | [DEMO] Penny or Dollar? (Not what you expect) Something odd is going on with our money. If you understand what’s going on, you could come out far ahead if you make the right moves. But if you don’t, you could be blindsided in the days ahead. According to Nomi Prins, PhD, this could be the most important story in the financial world in 2022… It has little to do with stocks, bonds, or cryptocurrencies… In fact, it all traces back to the humble copper penny. Knowing this secret could unlock the key to lining your pockets with cash in the months ahead. |
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The Fed’s Hidden Mandate The markets have been choppy for many reasons, as I’ve been discussing with you, and as I’m sure you know. One of the main reasons, outside of the war in Ukraine, is uncertainty about what the Fed will decide to do with interest rates… And what it’s going to do with its massive $9 trillion book of assets. But veteran traders know that markets bounce back. They trust that the Fed has their backs. You know why? Because it always has. [Featured: Dr. Nomi Prins: “Musk spent $10 billion on these. This is bigger…”] As I’ve been telling you, the Fed must navigate inflation. But it also doesn’t want to upset the markets too much. Remember, in 1977, Congress gave the Fed a dual mandate: to ensure full employment and price stability. But the Fed also has a third, hidden mandate: to protect the markets. That is the very crux of The Great Distortion – the permanent disconnect between the markets and the real economy. It’s why, since the 2008 crisis, the markets have outperformed the real economy by miles. It’s also why, as I’ve showed you in these pages, the Fed will have to start walking back its hawkish stance pretty soon. What This Means for Your Money Today, I want to discuss how the lessons from my time on Wall Street helped me navigate the Fed and the markets. And how they can help you. First, again, I get that things are choppy. Among other things, markets have been on edge about this year’s rate hikes. The Fed and other central banks have been walking this line between raising rates by enough to be perceived to be fighting inflation… But not so much that they jeopardize the markets or especially Wall Street past the point of no return. See, the relationship between Wall Street, the Fed, and the markets is super cozy. It’s steeped in history from the inception of the Federal Reserve in 1913. And don’t forget, Fed Chair Jerome Powell cares about his stock portfolio, too. So no matter how bad things have gotten this year – and how much more choppiness might be ahead – remember that the markets do ultimately prevail. They’ve got support. So keep calm and carry on. We will continue to guide you through our five sectors – New Energy, Infrastructure, Transformative Technology, Meta-Reality, and New Money. And we will continue monitoring for the optimal investment times in these choppy market conditions. But know this: I see this period of Fed policy uncertainty as a strategic buying opportunity in the midst of all of this other global turbulence. Happy investing, and I’ll be in touch again soon. Regards, Nomi Prins
Editor, Inside Wall Street with Nomi Prins
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MAILBAG Last week Nomi wrote about the FTX collapse and what it could mean for Bitcoin investors… And yesterday we heard from crypto-expert Teeka Tiwari that this is not a crypto problem; it’s a corporate greed problem. One reader responded in heavy support of Bitcoin, claiming it is “the untouched digital gold”… I’d like to thank you for your efforts in getting this type of info out so quickly. I appreciate your outlook. And I am very much with you on sentiment. I have not lost faith at all in Bitcoin. Bitcoin is something different than what people see as the “cryptocurrency” exchanges. Bitcoin is crypto. It’s the sound, hard money you can’t mess with. It’s true decentralized finance (DeFi). If people used Bitcoin the way it was intended, along with these other crypto tokens, in the true DeFi space, there wouldn’t be any possible way for these FTX, Celsius, Voyager, Ponzi schemes to take place. Bitcoin in and Bitcoin out transparently on a public ledger for all to see. Regulators and governments are saying DeFi is dangerous?! Look at what centralized regulated exchanges have done! The same thing traditional banks have always done and still do! It’s nonsensical! What a joke! Bitcoin will prove its worth. Eventually once the dust settles, Bitcoin will emerge as the untouched digital gold that can back a global economy. – Noah A. Will Bitcoin emerge as the “untouched digital gold that can back a global economy,” as Noah suggests? If you’re a veteran trader, do you have faith that the markets will “bounce back”? Write us at feedback@rogueeconomics.com. | 
