Michael Pento: Stocks To Fall 30-60% Until A True Fed Pivot Happens
Wealthion, Released on 11/10/22
A year ago when today's expert appeared on this channel, he warned of an approaching bear market & economic deceleration. Specifically, he predicted these would be caused by the simultaneous shutoff of the $trilions of government stimulus issued in the year following the global pandemic - the largest monetary & fiscal cliffs in history. Fast forward to today & well, his outlook was right on the money. So what does he see in store as we head into next year? To find out, we're fortunate to welcome macro analyst & money manager Michael Pento back to the program.
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
Adam Taggart is the Founder of Wealthion. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the 'startup thing' (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he's a devoted husband and dad.
Michael Pento: Stocks To Fall 30-60% Until A True Fed Pivot Happens added by Herman James on 11/09/2022View all posts by Herman James ?+'