Michael Pento | TalkMarkets | Page 3
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. Michael is a well-established ...more

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Happy 50th Anniversary Gold
Friday the 13th of August 1971 was a very important date in U.S. history.
Fed: Murderer Of Markets And The Middle Class
The Fed’s manipulation of the money supply and its cost has served to obliterate the function of asset price discovery, just as it has also caused the middle and lower classes to reduce their standard of living.
Peak Of The Fake Bull Market
The bull market is ending because the fed is set to kill it.
How Central Banks Murdered The Markets
The Japanese Government Bond market is nearly $10 trillion in size. It is the 2nd biggest bond market in the world. However, it comes as a shock that this humongous market barely trades any longer. 
15% Nominal GDP With A 1.5% Benchmark Treasury Yield!?
The Producer Price Index for the month of May was up 6.6% year over year. This was the greatest yearly increase since the Bureau of Labor Statistics began tracking the data.
Transitory Inflation Debate
Inflation is running white-hot right now, and the reason is clear. It is because the Treasury poured $6 trillion into the economy between March of 2020 to March of 2021.
Fed’s Tools Are Broken
The U.S. Federal Reserve Bank has metastasized from an institution designed to assist distressed banks, to one that believes its purview now includes perpetuating asset bubbles and fighting global warming.
Peak Growth And Inflation
Disinflation and slowing growth could morph into deflation and recession next year. Such macroeconomic conditions should prove devastating for these record asset bubbles.
Get Ready For The Fourth U.S. Central Bank
We all should be aware that the current Federal Reserve of the United States is not America’s first central bank. In fact, we’ve had a few others before this current disastrous iteration came into existence in 1913.
Freedom Fatality Of The Fed
The Fed’s very mandate encompasses the unholy operation of obliterating price discovery in its paramount function of determining what money actually costs. This process should only be the purview of the free market.  
Bond Market Rocks The Richter Scale
The global sovereign bond market is fracturing, and its ramifications for asset prices cannot be overstated. Borrowing costs around this debt-disabled world are now surging.
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.
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