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Stock Market Crash By Year-End: Michael Pento

Elijah Johnson, Silver Doctors, Released on 6/15/17

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. But with interest rates still extremely low, the Fed will have few options but to balloon the money supply. Inflation hear we come!

Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He is the author of The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.

One Response to Stock Market Crash By Year-End: Michael Pento

  1. non stop orgy of mony printing Reply

    06/15/2017 at 10:21 pm

    central banks have mandated that stock market (US)must never fall (ever) and make no mistake if they have to print a trillion a day and buy every single share of stock of every single company,so be it,lets be clear as long as their is enough printer ink and paper,even if the presses turn white hot,the coordinated printing to keep the massive house of cards afloat for even another day will continue (until it doesn’t)

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