Metals

There’s NO Price Discovery Anymore, Just Governments Imposing Prices on the market

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interview Pippa Malmgren, via Lars Schall.com:

PODCAST INTERVIEW: On behalf of Matterhorn Asset Management, German financial journalist Lars Schall talks with Dr. Pippa Malmgren, a US financial advisor and policy expert based in London, who has been a member of the U.S. President’s Working Group on Financial Markets (a.k.a. the “Plunge Protection Team”). They address, inter alia: Malmgren’s recent book “Signals”; the “inflation vs deflation” debate; the closer ties between Russia and China; the future of the euro; Germany’s gold reserves; and the phenomenon of “financial repression”. Moreover, Dr. Malmgren explains what she foresees as the endgame of the financial crisis.

by Lars Schall,

The following podcast was originally conducted for and published here by Matterhorn Asset MGMT in Zurich, Switzerland.

There’s no price discovery anymore by the market, governments imposing prices on the market

Dr. Philippa Malmgren is the founder of the DRPM Group, a financial firm based in London. Her clients include many investment banks, fund managers, hedge funds, Sovereign Wealth Funds, pension funds, and corporations. She served as financial market advisor in the White House and on the National Economic Council from 2001 to 2002, where she was responsible for all financial market issues for the U.S. President. Moreover, she has been a member of the U.S. President’s Working Group on Financial Markets (a.k.a. the “Plunge Protection Team”). Previously, she was the Deputy Head of Global Strategy at UBS Warburg in London and the Chief Currency Strategist for Bankers Trust. She headed the Global Investment Management business for Bankers Trust in Asia and has been a senior consultant to Deutsche Bank.

Dr, Malmgren has a B.A. from Mount Vernon College and a M.Sc. and Ph.D. from the London School of Economics. She completed the Harvard Program on National Security. The World Economic Forum in Davos named her a Global Leader for Tomorrow in 2000. She is a member of the Council on Foreign Relations, Chatham House, the Economic Club of New York and the Institute for International Strategic Security. She serves on several advisory boards and working groups, for example, the British Ministry of Defence Working Group on Global Strategic Trends, the Greater London Authority Infrastructure Advisory Board, the Legatum Institute at MIT and Indiana University School of Public Policy and Environmental Affairs. She has lectured at INSEAD, TSINGHUA University, Duke University, West Point, Oxford University, and the London School of Economics.

In January of this year, Dr. Malmgren published the book “Signals: The breakdown of the social contract and the rise of geopolitics” – see here.

Read More @ Lars Schall.com