Liberty and Finance, Released on 10/15/23

The Bank Term Funding Program ends in March 2024. Liquidity in the bond market is going to “completely evaporate” by March, forecasts portfolio manager Michael Pento. The only solution is to lower interest rates. But with inflation getting worse, the only excuse to lower rates with be a recession or depression. “There is no pain-free escape,” he says.

0:00 Intro
2:00 Israel-Hamas conflict
5:18 Bond market
13:14 Stock market
19:43 Bank Term Funding Program
21:30 Being recession proof?
24:13 Pento Portfolio Strategies
25:11 Miles Franklin

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.