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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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Trump Declares War On The Fed

Date: Tuesday, July 31, 2018 7:35 PM EDT

Since the autonomy of the Fed has been publicly impugned, Powell has no other option but to continue on this path of raising rates. Therefore, expect the bully pulpit and twitter war to intensify greatly as the economy and stock market succumb to; continued tightening from the Fed and the sharp reduction of its balance sheet, the exiting from QE by the ECB and reduction in asset purchases by other major central banks, an escalating trade war, an inverted yield curve by year’s end, a rising dollar, EM and China distress, unsustainably-massive debt levels and the fallout from the bursting of the worldwide bond bubble.  

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