Extreme Debt Levels to "Wipe out Middle Class" with Michael Pento

WTFinance

Interview recorded - 7th of May, 2024
On this episode of the WTFinance podcast I had the pleasure of welcoming back Michael Pento. Michael is the President & Founder of Pento Portfolio Strategies.
Michael Pento serves as the President and Founder of Pento Portfolio Strategies (PPS). PPS is a Registered Investment Advisory Firm (RIA) that operates like an actively managed fund without all the expenses. The Model Portfolio uses a proprietary macroeconomic model to determine when and how to invest across an inflation/deflation and economic cycle spectrum. The 20-component model is used to determine the two most important factors when it comes to successful investing: the second derivatives of growth and inflation.
0:00 - Introduction
2:07 - Current outlook on the markets?
4:49 - Why is economy looking strong?
7:25 - Global economy
9:47 - FED have to drive economy into ground?
10:51 - Surprised that FED is dovish?
18:28 - How is Michael positioning himself?
20:18 - What will the FED do?
24:35 - One message to takeaway from our conversation?
Michael Pento -
Website - https://pentoport.com/
Twitter - https://twitter.com/michaelpento?lang=en
LinkedIn - https://www.linkedin.com/in/michael-pento-a1882917b/
WTFinance
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