About this episode
The stock market has hit another all-time high this week, and Wall Street's profits for 2024 are off the charts -- nearly TWICE as high as last year's. Meanwhile, the wealth divide in America continues to widen as average folks struggle with the post-COVID surge in cost of living and record high interest rates on their debt. What does this growing difference between the haves and have-nots say about fairness in today's society? And how much farther can it be stretched before some financial and/or social boiling over point is reached? For perspective, we're fortunate to speak today with Nomi Prins, reformed Wall Streeter, author of best-sellers All The Presidents Bankers, Collusion: How Central Bankers Rigged The World, and Permanent Distortion: How the Financial Markets Abandoned The Real Economy Forever. She's also the publisher of Prinsights with Nomi Prins on Substack. Follow Nomi at https://prinsights.substack.com/ WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #banks #wealthgap #wallstreet