Silver Bullion TV, Released on 8/17/22
SBTV spoke with Michael Pento, president and founder of Pento Portfolio Strategies, about the Fed’s futile efforts to control inflation and why it’s time to get out of harm’s way with a recession on the horizon.
Discussed in this interview:
02:07 Inflation reduction act
05:43 We need growth
09:01 Stocks overvalued
14:06 Fed’s gonna break something soon
16:57 Yield curve inverted again
18:55 Anticipating the Fed’s likely playbook for the next crisis
22:10 Gold will suffer
24:30 Recession ahead
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.