• #187 Michael Pento: A Triumvirate Of Bubbles Is Creating A Dangerous Situation For Markets And The Economy

  • Jul 30 2024
  • Duración: 51 m
  • Podcast

#187 Michael Pento: A Triumvirate Of Bubbles Is Creating A Dangerous Situation For Markets And The Economy

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  • Resumen

  • Michael Pento, president and founder of Pento Portfolio Strategies (PPS), joins Julia La Roche on episode 187 to discuss a dangerous triumvirate of bubbles in the economy: a real estate bubble, an equity bubble, and a credit bubble. These bubbles have been fueled by 20 years of a negative real Fed funds rate. Pento predicts that these bubbles will burst. He believes that the current situation is very dangerous and could result in a stagflationary environment. Michael also discusses inflation and the erosion of the middle class and the negative implications for the economy.


    Links:

    https://pentoport.com/

    https://twitter.com/michaelpento


    0:00 Welcome back Michael Pento

    1:11 Macro view, most salient chart

    1:55 A triumvirate of dangerous bubbles

    4:09 Bubbles bursting

    7:14 The market has already priced in rate cuts

    9:39 Most dangerous time in the markets?

    11:10 Where would we be if the free market could exist?

    13:19 Bifurcation of the economy

    19:44 America is an insolvent nation

    21:30 Headed for stagflation

    23:12 Election

    24:29 Investing

    27:50 Gold

    28:30 Inflation

    30:00 Erosion of the middle class

    35:58 What difference would a Fed cut even make?

    34:55 US dollar

    41:20 Gold is not an investment

    43:30 Any hope?


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