GoldSeek Radio Nugget Interview: Michael Pento

Highlights

Michael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com Radio.Mr. Pento graciously outlines his current portfolio-strategy in detail for the listening audience.One of the few economic pundits to correctly anticipate the market plunge of 2018 on record.Gold and utilities remain favorite long positions, while he is comfortable with a short position in long-term Treasuries.Mr. Pento crushes the opposition on the trade war debate.The Administration's tax increases on imports have actually boosted domestic GDP, contrary to popular consensus.Only if the proposed 15% increase in new tariffs on China remains in full effect for a year will GDP suffer.Meanwhile, global central banks printed roughly $15 trillion in debt IOUs while plunging real interest rates negative for the first time in recorded history, just to salvage the financial markets from the Great Recession.Michael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com Radio - he graciously outlines his current portfolio-strategy in detail for the listening audience. One of the few economic pundits to correctly anticipate the market plunge of 2018 on record, our guest notes gold and utilities remain favorite long positions, while he is comfortable with a short position in long-term Treasuries ETF (TLT), after posting solid gains in the short-term Treasuries ETF (SHY). Mr. Pento crushes the opposition on the trade war debate, presenting compelling evidence that the Administration's tax increases on imports have actually boosted domestic GDP, contrary to popular consensus. Only if the proposed 15% increase on $200 billion in new tariffs on China passes and remains in full effect for a year or more would national output suffer a substantial setback. Meanwhile, global central banks printed roughly $15 trillion in debt IOUs while plunging real interest rates negative for the first time in recorded history, just to salvage the financial markets from the Great Recession.

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