Soar Financially, Released on 8/20/24

Michael Pento discusses his concerns about the current economic landscape, focusing on the risks posed by massive asset bubbles in stocks, real estate, and credit. He outlines his investment strategy and explains why he believes significant market corrections are inevitable. Michael also shares his views on inflation, deflation, and the potential for gold to rise to $5,000 or $6,000 per ounce.

00:00 Intro
00:51 Host Introduction
01:30 Guest Introduction: Michael Pento
03:08 Economic Reality Check
07:08 Portfolio Strategy Discussion
10:21 Inflation and Disinflation Analysis
15:17 Real Estate Market Insights
20:30 Federal Reserve’s Role and Interest Rates
28:13 Global Debt and Financial System Concerns
32:29 The Role of Gold and US Dollar
36:34 Impact of Mainstream Financial Media
39:14 Portfolio Advice and Market Outlook
41:17 Closing Remarks and Outro

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.

  asset bubbles, debt bubble, economy, gold, investing, silver, stock market