Michael Pento: A Recession Is Coming, Time to Get Out of Harm's Way

Silver Bullion TV, Released on 8/17/22

SBTV spoke with Michael Pento, president and founder of Pento Portfolio Strategies, about the Fed's futile efforts to control inflation and why it's time to get out of harm's way with a recession on the horizon.

Discussed in this interview:00:00 Introduction02:07 Inflation reduction act05:43 We need growth09:01 Stocks overvalued14:06 Fed's gonna break something soon16:57 Yield curve inverted again18:55 Anticipating the Fed's likely playbook for the next crisis22:10 Gold will suffer24:30 Recession ahead

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.

gold, inflation, recession, stocks, yield curve inversion

Michael Pento: A Recession Is Coming, Time to Get Out of Harm's Way added by Herman James on 08/17/2022View all posts by Herman James ?+'