Is This The Big One? Market Turmoil Ahead Of Fed Meeting | Michael Pento

Liberty and Finance, Released on 6/13/22

As markets sell-off again today, everyone is asking, "Is this the big one?" No one knows for sure, but portfolio manager Michael Pento says markets have much further to fall. "It's over.... We are in a bear market," he says. All financial markets in the developed world are in trouble, he notes. "The construct that we see today is probably the most dangerous environment we have seen in our life time by a lot."

0:00 Intro1:07 Market sell-off7:33 Further downside12:45 Currency crisis17:55 401ks/IRAs25:44 Stocks vs commodities30:20 Housing market33:17 Melt-up?35:47 Pento online40:32 Miles Franklin

Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He is the author of The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.

Is This The Big One? Market Turmoil Ahead Of Fed Meeting | Michael Pento added by Herman James on 06/12/2022View all posts by Herman James ?+'