Epic Bubbles and Fiscal Incompetence: The Insanity of Modern Markets with Michael Pento & Todd Horwitz

VRIC Media, Released on 6/11/24

Michael Pento and Todd Horwitz have had it up to here with incompetent central bank policies, raging debt, absurd stock market valuations, and government hand-outs to garner votes for an increasingly corrupt political class. The duo discuss the consequences they see for all this madness on the horizon and point out that the American empire is already on its way to ending, most people just haven’t realized it yet.

00:00 Introduction
00:34 What are You Watching in the Market Now?
08:09 End Result of Massive Debt Levels
15:13 Bank of Canada Rate Cut
19:14 Insanity of Modern Markets
24:24 Geopolitical Risks
28:08 Biden Canceling Student Debt
32:42 The End of the Western Empire

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.

Todd Horwitz — known as Bubba — is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast ‘The Bubba Show.’ He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.

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