Financial Survival Network, Released on 2/10/25

As positive as Donald Trump’s agenda maybe, he cannot stop the incoming recession, for one simple reason, it’s already here and has been here for at least several years. Once the Bureau of Labor Statistics is gone over by DOGE, we expect them to find out that the BLS was cooking the employment and inflation numbers for years. Once the true inflation rate is shown, it will become obvious to the least sophisticated citizen that the economy has been posting real negative growth for many years. This will be a wake up call and could have devastating impacts on the dollar and other asset classes.

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, investing, recession, Trump