When Will "The Everything Bubble" Pop? | Michael Pento
Stocks, bonds, and real estate are all in huge bubbles, says portfolio manager Michael Pento. As COVID-19 stimulus and aid slow, markets could start to freeze up and crash. Michael discusses the financial risks he sees in the near future. Find Michael online: http://pentoport.com
0:00 Intro1:49 The Everything Bubble8:01 Interest rates10:29 Financial risks14:10 Gold update17:34 Silver update22:48 Real estate bubble26:57 COVID expedited the crisis30:14 Moving to Florida
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