Michael Pento: Bear Market Returns: Credit FREEZE Coming Next
Liberty and Finance, Released on 9/1/22
"The individual investor is so complacent right now," says Portfolio manager Michael Pento, "It's unimaginable." Investors are waiting for the government to save the markets, but "that is not happening this time. It's going to be too little, too late." The Fed has started draining their balance sheet by $95 billion per month. Pento expects a complete freeze in the money markets by first quarter 2023.
0:00 Intro2:43 Bear market returns8:06 Credit market freeze14:33 Re-inflating bubble?19:34 Economic models25:17 Yield curve control26:54 Commodities29:27 Major recession34:44 Gold & silver38:19 Favorite ice cream40:16 Pento Portfolio Strategies43:01 Miles Franklin
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: Bear Market Returns: Credit FREEZE Coming Next added by Herman James on 08/31/2022View all posts by Herman James ?+'