Michael Pento: 30-50% Market Drop From Here, Ushering In The Worst Bear Market Of Our Lifetime
Wealthion, Released on 4/14/22
In his last two appearances on this channel (months ago), money manager Michael Pento warned that 2022 would see a major correction in the financial markets in response to the end of record monetary & fiscal stimulus. He believes the forces of disinflation & deflation are now taking over and will result in the worst bear market of our lifetime
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: 30-50% Market Drop From Here, Ushering In The Worst Bear Market Of Our Lifetime added by Herman James on 04/13/2022View all posts by Herman James ?+'