Liberty and Finance, Released on 8/26/24

Overall market valuations have reached nearly 200% of GDP, a stark increase from just above 100% in 2007. The home price-to-income ratio is at an all-time high, surpassing the peak of 2006, indicating severe housing affordability issues. Portfolio manager Michael Pento highlights that inflation is disproportionately affecting the middle and lower classes, with disinflation rather than deflation trending. The broader economic outlook remains uncertain, with concerns over concurrent asset bubbles in housing, stocks, and bonds.

0:00 Intro
1:30 Inflation
6:55 Labor market
10:22 Trifecta of bubbles
14:50 Gold forecast
17:15 Silver update
18:35 Election
24:00 Economic outlook
26:30 Pento Portfolio Strategies
29:00 Weekly specials

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.

  economy, gold, inflation, investing, silver