“Governments impose price on markets; there is no price discovery
anymore”
PODCAST INTERVIEW: In this 38 minute interview Lars
Schall, for Matterhorn Asset Management, speaks with Dr Pippa Malmgren, a US
financial advisor and policy expert based in London. Dr Malmgren 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.
Dr Pippa Malmgren: Governments impose price on markets; there is no price
discovery anymore
Dr 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 US 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 MSc. and PhD. 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 Defense 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’
– View/Purchase
the book here.
