Michael Pento | TalkMarkets | Page 11
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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Will Trump Bring Morning Or Mourning In America?
Interest rates on the 30-year fixed mortgage averaged 3.95%, up from 3.77% the prior week, the highest level since January of this year. Rates on the 15-year Fixed-rate and Five-year adjustable-rate mortgage rose to their highest levels since March.
Trump To Yellen: Print More Money Or You’re Fired
The move higher in Treasury yields since the election of Trump has been nothing short of violent, but borrowing costs were already on the rise prior to November 8th.
Q3 GDP Was Hogwash
If you believe the pundits that think GDP growth is about to accelerate on a worldwide basis, think again. The reason why global growth is about to turn even lower is borrowing costs have started to spike worldwide on that mountain of record debt.
Earnings Fairytale Has An Unhappy Ending
The S&P 500 has produced five consecutive quarters of negative earnings growth.
Government Stimulus Is An Oxymoron
The accumulation of Debt, at its very essence, is simply borrowing consumption from the future. And this is true on any level of debt, be it either public or private. Just as savings is deferred consumption, the exact opposite is true for debt.
Equity Bubble Has Run Out Of Excuses And Time
It is finally going to be a make or break earnings season for stocks.
Bubble Blind Central Bankers
Any increase in interest rates will expedite the flattening of the yield curve and usher in the next brutal recession.
The Free Market Always Prevails
The global securities market got a surprise recently when U.S. core consumer price inflation crept up to 2.3% year over year in the month of August.
Bond Bubble Has Finally Reached Its Apogee
The bond bubble has grown so immense that if, or when, central banks ever begin to reverse monetary policy it will cause yields to spike across the globe.
Why The Greater Recession Will Be Dollar Bearish
The dollar index is rising as the yen and euro currencies are falling. The carry trade is to borrow (short) them and buy higher-yielding dollar-denominated assets. The next economic collapse will reverse this carry trade.
King Of Debt Vs. Queen Of Deficits
Whether it’s Clinton or Trump elected this fall, annual deficits and overall debt is set to explode. These debts will be monetized in order to keep borrowing costs from spiraling out of control. That is why the Fed will be lower for longer.
Proof The Economic Recovery Has Ended
The primary data point that the perennial bulls on Wall Street claim as evidence for an improving economy is the monthly jobs number. But if the employment condition is booming why are payroll taxes falling?
Sacrificed To The Inflation Gods
Our Federal Reserve is composed of labor market economists who place their faith in the theory that inflation is spawned from too many people working.
Greenspan Gets One Right: Here Comes Stagflation
In a recent interview, former U.S. Federal Reserve Chairman Alan Greenspan warned that the economy was experiencing, "the early signs of stagflation."
Four Stages Of Monetary Madness
There are four stages of fiat money printing that have been used by central banks throughout their history of usurping the market-based value of money and borrowing costs.
Japan’s Lemming Syndrome
Japan’s lemming central bank is blindly following the path towards hyperinflation.
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