Adam Taggart | Thoughtful Money, Released on 7/17/25

When today’s guest was last on this channel back in March, he warned that the stock market was at risk of a double-digit drop. He was soon validated as stocks then fell 20% over the next month. Since then, markets have rocketed back to new all-time highs. So what does his model tell us is likely to happen from here? To find out, we have the great good fortune to welcome money manager Michael Pento back to the program. Michael warns that a ‘triumvirate” of three massive asset price bubbles — in credit, real estate and stocks — threatens to take down our fragile economy and dash the retirement hopes for millions.

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.

Adam Taggart is the Founder of  Thoughtful Money. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.

  bonds, economy, housing market, investing, market crash