Nomi PrinsNomi Prins

Nomi Prins is a renowned journalist, author and speaker. Her latest book, Collusion: How Central Banks Rigged the World is an expose into the 2007-2008 financial crisis and how the influence of central bankers triggered a massive shift in the world order. Her last book, All the Presidents' Bankers, is a groundbreaking narrative about the relationships of presidents to key bankers over the past century and how they impacted domestic and foreign policy. Her other books include a historical novel about the 1929 crash, Black Tuesday, and the hard-hitting expose It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street (Wiley,2009/2010). She is also the author of Other People’s Money: The Corporate Mugging of America (The New Press, 2004) which was chosen as a Best Book of 2004 by The Economist, Barron's and The Library Journal, and Jacked (Polipoint Press, 2006).

She has appeared on numerous TV programs: internationally for BBC, RtTV, and nationally for CNN, CNBC, MSNBC, CSPAN, Democracy Now, Fox and PBS. She has been featured on hundreds of radio shows globally including for CNNRadio, Marketplace, NPR, BBC, and Canadian Programming. She has featured in numerous documentaries shot by international production companies, alongside prominent thought-leaders, and Nobel Prize winners.

She is a Forbes contributor. Her writing has been featured in The New York Times, Forbes, Fortune, Newsday, Mother Jones, Truthdig, The Guardian, The Nation, Alternet, NY Daily News, LaVanguardia, and other publications.

Her engaging key-note speeches are thoughtfully tailored, and she has spoken at numerous venues including at the Federal Reserve / IMF / World Bank Annual global central bank conference, the Purdue University/Sinai Forum, University of Wisconsin Eau Claire Forum, Ohio State University Law School, Columbia University, Pepperdine Graduate School of Business, Manhattan College, National Consumer Law Center, Environmental Grantmakers Association, Sprott’s Gold Symposium, NASS Spinal Surgeons Conference, and the Mexican Senate.

She was a member of Senator (and presidential contender) Bernie Sanders (I-VT) Federal Reserve Reform Advisory Council, and is listed as one of America's TopWonks. She is on the advisory board of the whistle-blowing organization ExposeFacts, and a board member of animal welfare and wildlife conservation group, Born Free USA.

Nomi received her BS in Math from SUNY Purchase, and MS in Statistics from New York University, where she completed all required coursework for a PhD in Statistics. Before becoming a journalist, Nomi worked on Wall Street as a managing director at Goldman Sachs, ran the international analytics group as a senior managing director at Bear Stearns in London, and worked as a strategist at Lehman Brothers and an analyst at the Chase Manhattan Bank.

She is currently a Distinguished Senior Fellow at the non-partisan public policy think-tank, Demos.

Dark Money Buy: Hype is Fading at Beyond Meat (Time-Sensitive Trade)

One classic force that can pop bubbles in individual stocks is a wave of new competition. Yet ironically, when this force is critical to understand (right before a bubble pops), it has the potential to be overlooked. Using our Dark Money Monitor, Nomi and Dan recommend a play against this manufacturer of plant-based meat substitutes as increased competition and weak revenue results will put pressure on its stock price.

Portfolio Update for August 4

Although we expect the federal infrastructure stimulus bill to significantly boost the earnings for our infrastructure-related positions over the course of the 2020s, we are moving our recommendations on NVEE, RYI, BBCP and GVA from buy to hold due to the slow pace of congressional negotiations. Dan gives guidance on all the open positions in the portfolio.

Video Alert: No Change In Dark Money Flows Keeps Markets Happy

It was a pretty decent week for the markets. They started out in slightly uncertain territory but that was mostly because what was going on with Chinese markets and the Chinese government to open the week. Later on in the week, the FOMC concluded its regular two-day meeting, and the results of that meeting had a direct impact on the markets. Watch Nomi’s latest interview here for more details.

The Unremarkable Fed

As we’ve been saying, we don’t anticipate any change in monetary policy of the Fed any time soon. It’s likely the upcoming annual Jackson Hole gathering of elite global central bankers will lean towards retaining cheap money policies while monitoring economic growth prospects amidst any signs of rising cases (albeit fewer deaths) of virus variants impacting it. Read Nomi’s commentary for her thoughts on the latest Fed news (or non-news).

Portfolio Update For July 29

The Senate voted to begin debating the various elements of infrastructure reform, which is a step closer toward adopting the proposal. We are not there yet, but we’re getting there and will be monitoring things closely in Washington for true resolution on this bill. Passage of the package will affect some of our positions in the portfolio as well as give us more data for upcoming trade recommendations in the world of dark money flows. For now, Dan gives guidance on all the open positions as he reviews your portfolio.