Retirement Lifestyle Advocates, Released on 4/17/22

Inflation is much higher than the government reports it. CPI is at 8.5%, producer prices up 11.2% year-over-year, import prices up 12.5% year-over-year, and if you look at reality, rents, the cost of buying a new house, the cost of beef, the cost of energy, year-over-year, they’re up closer to 20%. That’s the reality. Michael Pento joins your host Dennis Tubbergen on this week’s Retirement Lifestyle Advocates radio program to talk about inflation, what’s coming next, and how to protect yourself as the financial crisis gets worse in the years to come.

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, Fed, finance, inflation, interest rates, investing, markets, stocks