Nomi Prins: Central Bank-Inspired “Major Credit Squeeze” Will Trigger Next Crisis

• Nomi Prins: Central Bank-Inspired “Major Credit Squeeze” Will Trigger Next Crisis
  by Tyler Durden, https://www.zerohedge.com/
  For all the talk about tapering (in both the US and Europe), the Federal Reserve has actually done remarkably little to reduce its balance sheet. And in an interview with Macrovoices Erik Townsend, former Wall Street executive Nomi Prins expands upon some of the same themes she covered in her latest book, “Collu$ion: How Central Bankers Rigged the World”.
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  As Prins reminds us early on, the Fed and other central banks have expanded their balance sheets by more than $20 trillion, and despite all the chatter about withdrawing stimulus and letting its balance sheet roll off, the Fed’s balance sheet has only shrunk from $4.5 trillion to $4.3 trillion.
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