Video Update: The Banking Sector Is Under Immense Pressure as the Fed Continues to Raise Interest Rates

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! It’s the only daily newsletter featuring the insights of renowned author and former Wall Street insider, Nomi Prins. Every day, Nomi shines a light on a massive wealth transfer she calls The Great Distortion. That’s the true cause of the permanent disconnect she sees between the markets and the real economy. And she shares ways you can come out ahead, if you know where the money is flowing. You’ll find all Nomi’s Inside Wall Street issues [here](. If you have questions or comments, send Nomi a note anytime [here]( or at feedback@rogueeconomics.com. Video Update: The Banking Sector Is Under Immense Pressure as the Fed Continues to Raise Interest Rates By Nomi Prins, Editor, Inside Wall Street with Nomi Prins Dear Reader, Greetings from Sydney, Australia. A lot has happened since I arrived here three weeks ago. Namely, the banking sector went up in flames when three U.S. banks collapsed in one week. Shortly afterward, Credit Suisse – one of the biggest financial institutions in the world – followed. Recommended Link [A Massive Distortion]( [image]( Are you better off financiallly than you were a year ago? Few Americans would say ‘yes’. Why? What’s causing Americans to fall further and further behind? You don’t have to be a historian to “get” what’s going on… According to Dr. Nomi Prins, a massive ‘distortion’ is warping our economy. She says: “Today, I’m exposing a bombshell story about our financial system… A $150 trillion transfer of wealth that could soon trigger a historic windfall for some Americans.” [Click here now to prepare for this $150 trillion shift.]( -- At the same time, the Federal Reserve continued its fight against inflation. Last Wednesday, during the March Federal Open Market Committee (FOMC) meeting, the Fed hiked interest rates by another 0.25%. That means that, given recent developments, the Fed is choosing to tread carefully. [Featured: Must See! Florida Dad “hacks” gas pump. What happens next will STUN you…]( The effects of the banking turmoil are still playing out in the economy. And after meeting with business leaders and policymakers around Australia, I’ve learned that the worst of inflation may be behind us. This means Stage 2 of the Fed’s [three-stage pivot]( could come sooner than I expected. In the video below, I break it all down for you. [Click here]( or on the image below to watch it, or scroll down to read the transcript. [image]( Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins --------------------------------------------------------------- TRANSCRIPT Hi everyone. Nomi here and greetings from Sydney, Australia. I started my boots-on-the-ground visit to Australia in Sydney, and I’m ending it here, too. After thousands of miles traveled, gatherings with business leaders ranging from the finance sector to the natural resource industry, I have learned a lot. But more on that in just a moment. Recommended Link [Stocks are for suckers – try this instead]( [image]( This has nothing to do with dividends, day trading… taking out a loan… or anything like that. What you need is about 3 seconds to execute this simple financial maneuver… And you could be generating $230… $630… even $1,420 or more… In the next hour. [Click here to learn how!]( -- You see, the FOMC or the committee leadership that guides the Federal Reserve, decided to hike interest rates by 25 basis points on March 22 to 4.75%. The move is worth paying attention to with financial institutions like Silicon Valley Bank and Credit Suisse collapsing. While both face different issues, the problem at their core was a crisis of confidence. That brings me to the FOMC and what its leadership had to share. The Fed noted in its public release that job gains have picked up and that the U.S. banking system is sound and resilient. As if. Then, within the same release, it said recent developments are likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring, and inflation. [Featured: Strange Force Coming for American’s Savings? (Prepare Now)]( What it failed to explain, and what I want you all to know, is how clueless the Fed is about the connection between rate hikes and the bank failures that the U.S. and world has experienced. It is clear that the rapid Fed hikes have impacted banks. It’s also clear now that as the Fed continues to hike rates, it has signaled it believes that the financial system and economy can tolerate bank failures. As we’ve talked about the phases the Fed will take, this puts them in Stage 1 of the [three-stage pivot](. Still, if the Fed is truly a data driven organization, the failures of multiple banks should be indicators enough that the system is not only fragile, but that the next shoe to drop won’t just be banks but workers across the labor force. That’s why I think they might have to pivot as soon as the next FOMC meeting. Recommended Link [Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse – reveals his strategy:]( [image]( The One-Ticker Retirement Plan How to make all the money you need – in any market – using a single stock. [Click here for the name of the ticker…]( -- Here in Australia, and across other developed economies, inflation is starting to ease. By summer, we should have indicators that the trend has cooled a bit more. Already, wage growth is slowing here and in the United States. For the Fed, according to its own data sets, that should soon lead to an ease in service-based inflation. The expectations are that corporations will also be unable to continue price hikes as the banking turmoil reverberates throughout the economy. As I’ve met with business leaders and monetary policy leaders here in Australia, the belief is that the worst of inflation may be behind us. It’s not gone, but the worst of it is behind us. What you should be watching now is the way the central banks, starting with the Fed, respond. In our global economy, what happens in the U.S. matters around the world. Sectors like the banking sector, my old stomping ground, will likely come under immense pressure in the weeks and months ahead, and savvy investors would be wise to shy away from them unless they can stomach such volatile times. Conversely, sectors in the natural resource space – like producers and extractors of gold, aluminum, lithium, and other precious metals or real assets – are the place to look for profit, opportunity, and upside. Happy investing, and I’ll talk to you soon. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). MAILBAG After [last week’s piece]( on the banking turmoil, readers think the government had a hand in the crisis… I believe we are up to our armpits in "quicksand.” Struggling only gets us deeper. Government action is what got us into this situation. How on Earth can we expect the government to get us up and out? – Janice R. Great piece on SVB. I hear no mention from credible sources that “woke” policies had anything to do with it. – Mark B. Do you agree that government action got us into this situation? And what do you see next for the banking sector? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). IN CASE YOU MISSED IT… Bear market expert issues new warning: [“A major market shift is coming – something we haven’t seen in 40 years”]( Hundreds of popular stocks could fall – even further than they already have. [Get the details here, including a unique way to protect yourself.]( [image]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Rogue Economics welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-681-1765, Mon–Fri, 9am–7pm ET, or email us [here](mailto:memberservices@rogueeconomics.com). © 2023 Rogue Economics. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Rogue Economics. [Privacy Policy]( | [Terms of Use](