71 min listen
Michael Pento: Recession Soon, Then Rampant Stagflation
Michael Pento: Recession Soon, Then Rampant Stagflation
ratings:
Length:
72 minutes
Released:
Apr 25, 2024
Format:
Podcast episode
Description
With the market now expecting less than 2 rate cuts this year -- perhaps none at all until next year according to Bank of America -- what does that mean for the economy?
Can it handle "higher for even longer" interest rates without slowing markedly?
Or, even worse, something systemic breaking?
And what impact will these higher rates likely have on stock, bonds and other asset prices?
To find out, we're fortunate today to talk with money manager Michael Pento. president of Pento Portfolio Strategies.
Michael is "not happy". He's very concerned that the crown jewel of our capitalist society, the middle class, is getting "destroyed". He sees nothing good coming from that.
And looking ahead, he sees a disinflationary recession happening in the second half of 2024, to be followed in early to mid-2025 by an era of stagflation more extreme than we've ever experienced.
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
#inflation #stagflation #recession
Can it handle "higher for even longer" interest rates without slowing markedly?
Or, even worse, something systemic breaking?
And what impact will these higher rates likely have on stock, bonds and other asset prices?
To find out, we're fortunate today to talk with money manager Michael Pento. president of Pento Portfolio Strategies.
Michael is "not happy". He's very concerned that the crown jewel of our capitalist society, the middle class, is getting "destroyed". He sees nothing good coming from that.
And looking ahead, he sees a disinflationary recession happening in the second half of 2024, to be followed in early to mid-2025 by an era of stagflation more extreme than we've ever experienced.
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
#inflation #stagflation #recession
Released:
Apr 25, 2024
Format:
Podcast episode
Titles in the series (100)
Recession To Send Interest Rates Even Higher In 2024? | Jesse Felder by Thoughtful Money with Adam Taggart