Extreme Debt Levels to “Wipe out Middle Class” with Michael Pento

WTFinance, Released on 5/8/24 (Recorded on 5/7/24)

On this episode of the WTFinance podcast I had the pleasure of welcoming back Michael Pento. Michael is the President & Founder of Pento Portfolio Strategies.

0:00 – Introduction
2:07 – Current outlook on the markets?
4:49 – Why is economy looking strong?
7:25 – Global economy
9:47 – FED have to drive economy into ground?
10:51 – Surprised that FED is dovish?
18:28 – How is Michael positioning himself?
20:18 – What will the FED do?
24:35 – One message to takeaway from our conversation?

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