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Michael Pento: Vaccines Won’t Bring “Normal”

Miles Franklin, Released on 12/14/20

Portfolio manager Michael Pento says the pre-COVID financial system was not normal. He runs down why the vaccines are not a cure-all and the risks for the future. However, for the next six months, Michael is bearish because he sees a short term rise in real interest rates. he is bullish on gold long term because he sees a slow down in economic growth again mid-2021.

Michael addresses supposed gold and silver manipulation. He says Wall Street does not have an incentive to merely suppress the price. Instead, he believes prices are manipulated up as well as down. More information about the precious metal manipulation debate: https://www.youtube.com/playlist?list…

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.

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