WTFinance, Released on 12/13/24 (Recorded on 12/4/24)

Interview recorded – 4th of December, 2024

On this episode of the WTFinance podcast I had the pleasure of welcoming back Michael Pento. Michael is the President & Founder of Pento Portfolio Strategies. During this conversation we spoke about the current market outlook, why the market is dangerous, cutting government costs, is inflation an issue, asset bubbles, whether the middle class can be saved and more.

0:00 – Introduction
0:59 – Market outlook
2:38 – Why is the market dangerous?
8:06 – How does the US get out of this?
9:43 – Cutting government costs?
11:36 – Inflation an issue?
20:28 – 3 Asset Bubbles
22:58 – Which sectors benefitting?
25:08 – Next stage
24:53 – Can the middle class be saved?
27:53 – One message to takeaway from conversation?

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, inflation, investing