Financial Survival Network, Released on 9/13/21
Summary: As usual, we find that transitory inflation is not so transitory—Michael Pento comes on the podcast today to talk about some of the causes and effects surrounding inflation in the current economy. Pento says this is perhaps the worst inflation the country has ever seen, and the coming years don’t look too hot in terms of getting out of this economic circumstance. Tune in to hear us break down some of these financial issues, how they relate to what we have seen historically, and what to expect in the future.
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.