Michael Pento: The Worst Is Yet To Come; Be Prepared
Liberty and Finance, Released on 3/2/23
Low interest rates have caused a huge stock market bubble, says portfolio manager Michael Pento. As the Fed is raising rates, investors are waking up to this reality as they see their portfolio values crash. Will it get better for investors? For many investors it will not. The negative effects of rising interest rates from near 0% to 5.5% are still largely yet to come, says Pento.
0:00 Intro3:30 Inflation & deflation trends8:07 Fighting inflation11:03 Japan's central bank15:30 US bond market20:09 Zombie companies24:53 Real estate27:53 Pivot32:00 Spoiled investors
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
Michael Pento: The Worst Is Yet To Come; Be Prepared added by Herman James on 03/01/2023View all posts by Herman James ?+'