Michael Pento: Global Recession & How Not To Get Crushed Financial
Liberty and Finance, Released on 1/20/23 (Recorded on 1/17/23)
We are headed into a global recession, says portfolio manager Michael Pento. He expects an intermediate term rally in the US dollar. In this environment, he is more bullish on gold than the miners, since recessions are not positive for stocks. He cautions those holding stocks and bonds for the long-term. "Buy and hold does not work," says Michael Pento. Investors have to understand the macroeconomic environment in these times, he says, and have a dynamic portfolio.
0:00 Intro3:00 China reopening11:51 Precious metals14:29 Disinflation17:20 Labor market26:02 Stock market32:45 Pento Portfolio34:55 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: Global Recession & How Not To Get Crushed Financial added by Herman James on 01/19/2023View all posts by Herman James ?+'