“MOST Markets Will Be WIPED OUT…” – Michael Pento
There is a bubble trifecta: real estate, bonds, and stocks. And every one of these markets is at record levels by any measure. If these bubbles pop, this could be a “wipeout” for the markets, says portfolio manager Michael Pento
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CREDIT:
Michael Pento Twitter
https://twitter.com/michaelpento
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20 Comments
the bubbles have been ready to pop for 10 years all you gurus have been saying this for 10 years
Mike is 100% on point please more of him 👌🏿👌🏿👌🏿👌🏿
Your 'speech' is nearly TWO YEARS LATE..
The dishonest Gummint Employees changed the definition of "recession" to
cover up their thievery.
The term of a “Repo-Facility” is a misnomer. The context of a “Facility” is a physical structure/location. The operative term is “Repo-Mechanism(s)”.
Markets keep going up
"Just not getting the truth from these people!"
Recession means stronger dollar
Housing, automobiles, the insurance industry, the healthcare industry ect – – – are broken industries. Banks are safe and interest rates will rise.
We will get through it.
this is so accurate it's scary.
I wish people would wake up and take this advice more seriously, and Powell needs to jack rates up higher.
Gibberish Michael, Pinto !
do you know how long this guy has been making this call?
Also, mega caps have been pumped via gamma squeezes for months. Volume eerily low. Very treacherous environment. Having said that, they can pump nq and s&p another 100-150 handles as it doesn’t take much in this low volume environment. Meanwhile, the low income and middle class folks are already in a recession. But the music still plays on the upper deck of the Titanic.
We are in a recession already
When this bubble pop's it's going to wipe out everybody, this is going to cause the biggest war in history, the rich are going to head for the hills
I don't need to see business images to be entertained. It just distracts. Thanks.
It is ironic that the Soviet Union collapsed economically and now the BRICS will defeat the West economically.
The market: Good news up and bad news up. The market was well over priced 9 months ago.
this guy is a dr doomsday.
It's no wonder the BRICS nations are getting ready to kick us in the nuts! It's beyond time to prepare!
I was given hormones to last longer with more men so much I became a real Kathoey forever