Liberty and Finance, Released on 4/25/26 (Recorded on 4/24/26)

Michael Pento returns to Liberty and Finance to break down why he believes the U.S. economy is facing a dangerous mix of asset bubbles, rising inflation, and looming recession. He explains how recent Federal Reserve actions and surging liquidity are distorting markets while masking deeper structural risks in equities, credit, and real estate. Pento warns that escalating global conflict and supply chain disruptions could trigger a wave of stagflation, pushing prices higher while economic growth weakens. He also outlines why traditional “buy and hold” strategies may fail in the next downturn and shares how he is positioning portfolios defensively with commodities and precious metals. This interview offers a sobering look at what could happen next—and what investors should be watching closely.

0:00 Intro
1:30 Bubbles: Equity, Real Estate, & Bonds
14:20 Defensive strategies
22:0 Pento Portfolio Strategies

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.

  economy, investing, market crash, stagflation, stock market, war