Former White House Official On Spying, Inflation & Belgium
KingWorldNews.com
May 22, 2014
Today King World News interviewed the former White House official who was Special Assistant to the President of the United States for Economic Policy and a former member of the U.S. President’s Working Group on Financial Markets, also known as the Plunge Protection Team, or PPT. While in the White House, Dr. Philippa Malmgren served as financial market advisor in the White House and functioned as the direct liaison between the White House and the Federal Reserve.
Dr. Malmgren formerly headed the Global Asset Management business for Bankers Trust in Asia, out of Hong Kong, and was also Chief Currency Strategist for Bankers Trust Company, and former Head of Global Investment Strategy at UBS. Dr. Malmgren was also a senior consultant to Deutsche Bank, and currently advises the largest sovereign wealth funds, hedge funds, and pension funds in the world.
Eric King: “Dr. Malmgren, earlier you brought up the fact that many countries are worried about inflation. What about the inflation we are seeing around the world?”
Dr. Malmgren: “The price of shrimp is already up 61 percent in a single year. We are seeing record high prices for beef and also for pork. So core proteins are looking very, very expensive. But, interestingly, there are many stories about rents rising in places like Milwaukee, Minneapolis, Indianapolis — places you don’t necessarily think of as being the epicenter of demand….
The Rest…HERE
