Michael Pento - Crazy Stock Market Will Crash

Economist Michael Pento says even though the stock market has made huge gains in 2017, don’t expect this to continue. Pento contends, “Year-over-year growth for the third quarter (Q3) is just 2.9%. . . . So, you have no more earnings growth. It’s very miniscule. GDP (Gross Domestic Product) according to the New York Fed for Q3, it’s 1.8%. If you look at the Atlanta Fed, it’s just a little bit above 2%. So, you are still stuck in that 2% range. There’s no real growth in GDP and no real growth in earnings. The only thing you have left (holding up the markets) is central banks, and that game is ending. You have central banks selling when there is a high risk of nuclear war, WWIII, stocks are trading at all-time record highs and 138% total market cap to GDP when the average is 50%. This is crazy. There is no way you can justify the level of stock prices without massive and unrelenting money printing, which is coming to an end.” On gold, Pento says, “You’ve got to have 10% physical gold in your liquid net worth. It has to be physical gold that you possess directly. I cannot stress that enough. . . . I like all precious metals. They are going to be in a massive and unprecedented bull market sometime in 2018.”

Michael Pento – Gold Setting Up for Huge Spike

Financial analyst and money manager Michael Pento says, “I think it is setting up for a huge spike higher. I don’t think the time for that to start is exactly now, but the gold market is catching a bid here. The big boom in gold and gold mining shares will be when we have a watershed moment, when the market realizes in mass the central banks have lost control of the economy and the money supply. That is coming very, very soon, no later than the middle of 2018, and it could probably happen this fall, and that is when the market understands that central banks don’t really control interest rates. They cannot control the long end of the yield curve, and they will destroy economic growth and stock markets across the world. That is the big moment when you want to pile into gold. If you don’t have any gold, you should have at least 10% always. That’s your base level. . . . Hard assets will go through the roof.”

Stock market crash by Year End -- Michael Pento -- 16 June 2017

Sprott’s Michael Pento Joins Us For A BOLD Prediction… Michael Pento forecasts a stock market crash and beginning of a recession by the end of the year or early next year… The inversion of the yield curve (when short-term interest rates yield more than longer-term rates) has correctly predicted the last seven recessions going back to the late 1960’s. Pento says this kind of inversion is happening now. With interest rates still extremely low, the Fed will have few options but to balloon the money supply. Inflation hear we come!

Michael Pento Amerigeddon Economic collapse will be on August 21, 2017

Michael Pento Amerigeddon Economic collapse will be on August 21, 2017

Michael Pento-Gold Goes To All-time Highs If Fed Admits It Cannot Raise Rates

If the Fed does not raise rates at its September meeting as it has been warning money manager Michael Pento says, “The Fed is going to lose all their credibility on September 21st. Half of the Fed, and this includes Fed Head Janet Yellen, has been telling you that the economy has healed and they are ready to resume interest rate hikes. If they raise rates, and I don’t think they do, they are not going to be ‘data dependent.’ They are just freaking out about having promised to save the world with four rate hikes in 2016 and garner some credibility before the end of the year. If they don’t raise rates, they are going to lose all their credibility anyway because they have been threatening to do so. If they do raise rates, they are going to lose credibility because (the economy is sinking) and they are not ‘data dependent.’ The data here in the United States is screaming recession. . . . If they raise rates, they are going to absolutely crater the stock market and the bond market. . . .”

If the Fed admits it can’t raise rates, Pento predicts, “Gold is going to become completely unglued from its moorings and will shoot up very close to record highs very quickly. It’s not going to happen until the Fed admits that it cannot raise interest rates.”

BOND MARKET COLLAPSE -- MICHAEL PENTO

Rick Wiles greets Austrian Economics expert, and the President of Pento Portfolio Strategies, Michael Pento, to discuss the imploding bond market, and the prospects of oil and gold in a growingly volatile global economy. Rick will also discuss the latest in the European migration crisis, and share wisdom from the third chapter of The Book of Ecclesiastes.

Michael Pento-Fed Trying to Maintain Illusion of Credibility

If the global economy is going down no matter what, why raise interest rates? Pento says, “Yellen has boxed herself into a corner . . . she wants to make people confident in the economy. She wants to fulfill that confidence by going off zero. . . . They are going off zero to maintain the illusion of credibility.”

So, if the global economy tanks in 2016, what will Fed Head Janet Yellen do then? Pento contends, “It doesn’t change the intractable motion towards a recession. So, she’s going to have to take back that interest rate hike. She goes back into QE sometime in 2016. . . . I think the U.S. dollar is really in jeopardy here because the ‘dot plots’ say we are going to be at 1.5%, and I don’t think we ever get there without completely flattening out the yield curve and sending the U.S. economy into a depression.

Join Greg Hunter as he goes One-on-One with Michael Pento of Pento Portfolio Strategies.

Michael Pento: FED MUST RAISE RATES IN DECEMBER

Mr. Michael Pento serves as the President and founder of Pento Portfolio Strategies. This brand new Registered Investment Advisory Firm (RIA) is designed to operate like an actively managed fund, but without all the expenses. While we focus our trading strategy towards the secular trend of rising inflation, we don't hold a static portfolio. The fund uses proprietary macroeconomic models and technical analysis to move between inflationary and deflationary portfolios designed to profit from shifts in the domestic and global economy. We charge 1.5% per annum on Assets Under Management, with lower breakpoints depending upon the level of AUM. We think this model is superior to all others in that it allows the average investor the ability to have their money actively managed by professionals, without paying the unreasonable fees associated with a hedge fund. And as an added bonus, you will also have direct access to both myself and my team via email or phone, so there will never be any walls between you and your money.

When investing your money, you want someone with experience and someone that you can trust. And you want to be treated fairly. Our motto is "analysis without an agenda". Please give us a try.

Mr. Pento is a well-established specialist in the Austrian School of economics and a regular guest on CNBC, Bloomberg, FOX Business News and other national media outlets. His market analysis can also be read in most major financial publications, including the Wall Street Journal. He also acts as a Financial Columnist for Forbes, a contributing writer to TheStreet.com and is a blogger at the Huffington Post.

Will Commodities Surge Continue?

Thurs. Oct. 14 2010 | 11:00 AM ET
Discussing inflation in the commodities sector, with Michael Pento, Euro Pacific Capital, and Dennis Wassung, Cabot Money Mgmt.