Liberty and Finance, Released on 3/2/23

Low interest rates have caused a huge stock market bubble, says portfolio manager Michael Pento. As the Fed is raising rates, investors are waking up to this reality as they see their portfolio values crash. Will it get better for investors? For many investors it will not. The negative effects of rising interest rates from near 0% to 5.5% are still largely yet to come, says Pento.

0:00 Intro
3:30 Inflation & deflation trends
8:07 Fighting inflation
11:03 Japan’s central bank
15:30 US bond market
20:09 Zombie companies
24:53 Real estate
27:53 Pivot
32:00 Spoiled investors

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.

  bond market, inflation, real estate