Michael Pento Blog | Talkmarkets | Page 1
President and Founder of Pento Portfolio Strategies
Phone: 732-772-9500

Michael Pento is the President and Founder of Pento Portfolio Strategies (PPS). PPS is a Registered Investment Advisory Firm that provides money management services and research for individual and institutional clients.

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When Will The Party End?
We will have higher taxes, much higher interest rates, and rapidly rising inflation. All this will occur at the same time the market will be worrying about front-running the Fed’s exit from record manipulation of bond and stock prices.
Interest Rate Threshold Keeps Dropping
The US budget deficit is up 60.7% in only the first three months of the budget year. The amount of annual red ink so far in fiscal 2021 was a record-breaking $572.9 billion.
Taper Nervous Breakdown
The next time the Fed reduces its bond purchase program the market reaction should be more like a nervous breakdown rather than just a tantrum.
Take The Under On 2021 GDP
Wall Street is universally bullish on the economy and stock market for 2021.
Land Mines
When the market cap of equities reaches 183% of GDP and government bonds yield near 0% or even less overseas, the notion that one can just buy and hold a balanced portfolio is extremely dangerous.
Pre-COVID Economy Wasn’t All That Great
A return to “normalcy” merely bring us back to an anemic and non-viable economy.
Evolution Of The Fed
The evolution of central bankers proves the term "wise man" should seldom be used to describe the individuals that sit on the FOMC.
Sayonara U.S.A.
The Japanese word for goodbye is Sayonara. But it doesn’t just mean goodbye, it means goodbye forever. Unfortunately, that is what our country is doing to American Capitalism.
Overvalued Stocks Head Into The Bunker
The overvaluation of stocks relative to the economy has placed them in such rarefied space that the market is subject to dramatic and sudden air pockets.
Inflation By Fiat
Since the Fed has no idea what causes inflation and how to really measure its rate, how can it then ensure a genuine inflation target—one that represents economic reality—is achieved? It cannot, it is impossible.
HH The Economy Needs More Than A Vaccine
The hype and hope being promulgated by Wall Street and D.C. is that the imminent and well-advertised approval of vaccines will bring the economy back to what they characterize as its pre-pandemic state of health.
Will Vaccines Become A Bridge To Nowhere?
This year will see the worst annual amount of fiscal hemorrhaging ever—and by a whole lot. The figure will be at least $4 trillion in total, which is $2.6 trillion more than the peak suffered under the Great Recession.
Fiscal Cliffs And The Self-Destructing Treasury
We can all be very confident that there will be no change to monetary policy for a very, very long time. But there is a fiscal cliff coming—and indeed has already begun.
Trampoline Cliff Diving
The ratio of downgrades to upgrades in the credit ratings of leveraged loans has spiked to a record level, five times above that hit during the last global financial crisis, reflecting the unprecedented stress in risky assets due to the pandemic.
Intractable Inflation
The Fed mistakenly believes it can control the rate of inflation with relative ease.
Why The US Dollar Price Of Gold Has Stalled
The sad truth is that few people really know very much about gold, especially when it comes to investing in the metal.
1 to 16 of 227 Posts
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