Michael Pento: Interest Rates Will Probably Never Be Raised Again

On Wednesday the Federal Reserve paused its interest rate reduction campaign while again going with the "nothing to see here" routine. Although fortunately Michael Pento of Pento Portfolio Strategies was kind enough to join me on the show to reveal what the Fed left unsaid.

He talked about how the impact of years of misguided Fed policy has created what's unfolding in the markets now. As well as how he sees these events playing out in the stock, gold, and silver markets over the next year.

So to hear from one of today's great Austrian Economics teachers, who also implements that mindset into active portfolio strategies, click to watch the interview now!

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.