Nomi Prins is an economist who worked at Goldman Sachs, Bear Stearns and Chase Manhattan. She says the markets don't know how to process whether they're going to have cheap money forever. The real economy doesn't get the benefit of financing in the 60s or 70s because it's been replaced by financial leverage.
Investigative journalist and author Nomi Prins discusses her book Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.