The Jay Martin Show, Released on 9/28/24

In this episode, Jay is joined by Michael Pento. Michael discusses the three major bubbles in the American economy: real estate, equities, and private credit. He explains how these bubbles are interconnected, meaning that if one sector collapses, it could trigger a domino effect across the others. He touches on the challenges that policymakers face in preventing a collapse due to the systemic risks and the broader impact on the economy. The conversation also covers inflation, deflation risks, and the long-term implications for commodities like gold. Throughout, Pento emphasizes the difficulty in predicting the exact timing of a market correction but warns of significant financial instability ahead.

0:00 – Intro
1:03 – The Three Economic Bubbles Threatening the U.S.
9:04 – The Looming Cross-Contamination in Real Estate and Equities
12:39 – Recession, Depression, or Collapse: What Comes Next?
22:12 – Preventing a 2008-Style Market Meltdown
23:40 – The New Era of Monetary Expansion
32:43 – Commodities in a Crash: A Lifeboat Strategy
37:16 – How the Smart Money Stays Ahead of Crises
42:34 – Are We Voting for Inflation?
46:08 – Navigating Geopolitical Events in Investment Strategies

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.

  dollar, economy, gold, inflation, investing, real estate bubble, stock bubble