Liberty and Finance, Released on 10/22/22 (Recorded on 10/21/22)
“The recession is coming,” says portfolio manager Michael Pento. The Fed is going to fail at normalizing monetary policy, he forecasts. He expects that leading up to a Fed pivot, “the damage is going to be severe” for financial markets. And a Fed reversal will be “rocket fuel” for precious metals.
1:51 Fed pivot & markets
11:44 Gold & silver
14:18 Truth & inflation
20:48 Asset re-inflation
27:38 Pento Port
28:29 Miles Franklin
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.