Liberty and Finance, Released on 7/29/23

We’re seeing manifestations of a slowing economy, says portfolio manager Michael Pento. And the banking issues are far from over. He expects stagflation in the months to come. “Inflation is a tax,” he notes, pointing out that it disproportionately affects the poor and middle class. He details how to prepare for the times ahead.

0:00 Intro
1:50 Slowing economy
11:13 Bank bailouts
15:28 Stagflation
18:05 Bank failures
22:59 Pento Portfolio Strategies
28:15 Inflation tax

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.