Adam Taggart | Thoughtful Money, Released on 5/7/26

Hopefully, a negotiated resolution to the Iran war happens within the next few weeks/months. If indeed so, what comes next? What will happen to the price of oil — and other key Gulf commodities like natural gas, fertilizer and helium — after the Strait of Hormuz reopens? Will they plunge? Or will the damage done so far to world trade keep prices elevated for longer than many expect? What about the economy? Will it be able to shrug off the effects of the conflict? Or is there a wave of demand destruction that can’t be prevented at this point? Is a recession likely or not? To unpack for us, we have the good fortune to be joined by money managers Michael Pento of Pento Portfolio Strategies and Adam Parker, CEO & Founder of Trivariate Research LP.

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.

Adam Taggart is the Founder of Thoughtful Money. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.

  economy, investing, iran war, oil, recession