Nomi Prins Just Issued A Major Warning
KingWorldNews.com
February 25, 2016
With a wild start to 2016, today King World News was given exclusive rights to republish a powerful piece by Nomi Prins, the keynote speaker at the recent IMF, World Bank, Federal Reserve Conference.
By Nomi Prins, Keynote Speaker at the recent IMF, World Bank, Fed Conference
February 25 (King World News) – Throughout last year, I predicted the Federal Reserve wouldn’t raise rates by September and that it was unlikely to do anything to seriously rock the rate boat at all.
That turned out to be accurate…
On December 16, the Fed did raise rates — sort of. I say that because the Fed utilized the smallest increment possible, 25 basis points, in shifting the target Fed Funds’ rate interval to .25 percent–.50 percent from 0–.25 percent.
The action was couched with carefully constructed language to indicate the measure was akin to dipping a toe in icy water. It will not be followed by a full-body dive-in, but by, at most, another dipped toe and a dash back to the warmth of inertia. There are five main reasons why relative inertia will remain the Fed’s preferred modus operandi.
The Rest…HERE
