USA Watchdog, Released on 10/26/21
“If the Fed does not taper, yields will skyrocket. That will destroy the economy and kill the real estate market.”
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
Interest Rates will Skyrocket if Fed Keeps Printing Money – Michael Pento added by Herman James on
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the fed has been printing for a long time and rates just kept going down.
I think the difference this time as opposed to years past is there is broad-based secular inflation filtering into the real economy. Wages are rising, the prices of products and services are increasing, and commodities are reaching multi-year highs. We’ll see what happens, who the heck really knows…