How Far Will Stocks Crash? | Michael Pento
Portfolio manager Michael Pento says a stock crash is coming this year. How low will the market fall? Michael expects 30% at least, but says it could fall much more.
0:00?EUR< Intro0:56?EUR< Spike in bond yields6:25?EUR< Inflation14:46?EUR< Stock crash20:33?EUR< 30% crash minimum
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