Debt Crisis Will Unleash ‘Carnage’ on Stock Market and Economy: Michael Pento

The Jay Martin Show, Released on 11/16/23

Michael Pento believes that both investors and the media have gotten complacent when it comes to the soft landing narrative and one day in the not-too-distant future, the untenable debt situation in the U.S. is going to wreak havoc on markets and the economy.

00:00 Introduction
01:22 Is It Time to Get Out of the Market?
04:39 What is the Public Misunderstanding?
08:18 Increasingly Dire Economic Indicators
17:06 Banks Are in Big Trouble
20:42 Vulnerability in Housing Market
22:29 Commercial Real Estate
24:22 Sunset Years of American Empire
26:54 Michael’s Portfolio
30:37 Outlook For Commodities
33:40 Gold Mining Stocks
34:35 Multiple Bubbles
37:32 Thoughts on the Bond Market
41:45 AI Productivity Boom?

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.

Notify of

Inline Feedbacks
View all comments