Michael Pento: Stocks "Running On Fumes", Risk Of A 30-80% Crash

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Michael Pento: Stocks "Running On Fumes", Risk Of A 30-80% Crash

Рет қаралды 92,589

Күн бұрын

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at www.thoughtful...
Federal Reserve Chair Jerome Powell testified in front of Congress this week to defend his current monetary policy.
While we don't have the results of that testimony as of the time of this recording, Powell has recently stated that he is now seeing the kind of disinflationary path for the US economy that he's wanted to.
This of course has Wall Street salivating again that rate cuts are near at hand.
Are they?
For perspective, we're fortunate today to talk with money manager Michael Pento, president of Pento Portfolio Strategies.
Michael warns that we have the most overvalued stock market ever, and the liquidity that drove it to today's extremes is starting to run out.
In his words "We're running on fumes". And stocks are at risk of correcting 30-80% from here.
#bearmarket #marketcrash #marketcorrection
_____________________________________________
Thoughtful Money LLC is a Registered Investment Advisor Solicitor/Promoter.
We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.
We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor in good standing with the Financial Industry Regulatory Authority (FINRA) who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.
IMPORTANT NOTE: There are risks associated with investing in securities.
Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.
A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.

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@adam.taggart Ай бұрын

SUBSCRIBE TO OUR FREE NEWSLETTER at adamtaggart.substack.com (or upgrade to premium to receive our "Adam's Notes" summaries to this interview & all others on this channel, plus the new MacroPass service)

@Jalleur14325 Ай бұрын

Adam - please have Daniel Lacalle on. He is a fascinating guest.

@mikem5129 Ай бұрын

I love whenever Adam brings Pento on. Not only do I agree with Pento, but there’s such great chemistry between he and Adam that it makes for a great conversation.

@matl7560 Ай бұрын

Hahahaha “not only are you handsome, but you’re intelligent” mark that one guys!!!! 😂😂😂😂

@mattdroneon58 Ай бұрын

And you’re a good looking guy. Dang it, we are all good looking guys. Just broke 😎 but happy.

@Hildegard.J.McCarthy 29 күн бұрын

Thanks, for all you do! I like your truthful coverage. Mad respect for educating everyone. BTC's price plunged but buying the capitulation isn't a tough call, After all, it is only a very tough call to figure out what to do aside from holding. The good thing about the space is that you can buy the dips and put them into active trades, while confidently waiting for a pump in price because it is inevitable. Most people do not understand how the space works. Your advantage is understanding, Charts won’t guarantee what an asset is going to do. Prices will go up or down. Nevertheless, the market has been so profitable despite..managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Donna Mikalonis, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

@Hildegard.J.McCarthy 29 күн бұрын

@DonnaMikalonis

@Hildegard.J.McCarthy 29 күн бұрын

she's mostly on Telegrams, using the user name

@MourerGeorgiann 29 күн бұрын

Donna Mikalonis Crypto knowledge is like a secret recipe for success!

@michellerobbins3637 29 күн бұрын

The fact that I got to learn and earn from her program is everything to me think about it, it's a win-win for both ways.

@Dorothy.F.Myers44 29 күн бұрын

Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary.

@timclark3049 Ай бұрын

Never ever miss a chance to listen to Pento.

@P__114 Ай бұрын

But how long can guys like this call for a big crash without losing credibility.

@timclark3049 Ай бұрын

@@P__114 You make a good point. No matter what, don't you get a kick out of this guy? Love the way he pontificates. A real character.

@ifh4030 Ай бұрын

Been hearing this for most of your guests for literally 2 and 1/2 years now

@Marcus1954s Ай бұрын

How can people predict the future when ever more inventive methods of stimulus are created, many through the back door/secretly.....as in whatever is currently happening with the Japanese over Yen/USD rate.

@charlesbrown9213 Ай бұрын

@@Marcus1954s Well, all the guests come on this channel and are asked for their assessment of global markets and the global economy. -- None of them shrug their shoulders and say "I haven't a clue"... If they did that, then they wouldn't have any clients.

@valentingarciaable Ай бұрын

*******🔥******* yes we've been listening to it for 2 and 1/2 years but do you not see that it's getting closer and closer ? ... What you're saying to me is similar to someone that hears the newscaster say that the hurricane is rapidly approaching and it's been a week and a half and then the person starts saying well you've been saying for a week and a half.... And ? Do you not see that the storm is getting closer ? LoL

@HS-lb8kv Ай бұрын

@@valentingarciaable Yes but the newscaster does tell that the hurricane will have a landfall in 1.5 weeks! ex-Wealthion and TM have been on the wrong side. To be truthful, I am also bearish and reduced the risky assets a bit too early.

@cactuscanine3531 Ай бұрын

Lag effect.

@sandraintexas6959 Ай бұрын

Well, i can confidently say that I am happy that Michael Pento is managing my 401-k......or what's left of it! AND....my semi-retired hubby is going back to work full time. Why? WE ARE VERY FOND OF EATING!

@valerietweedie4376 Ай бұрын

Sandraintexas - I hear more and more of these personal experiences - which is why I don't buy that the economy is in good shape. I do wonder if we will have a future where people won't completely retire but move to semi-retirement, like your husband - working maybe 15 or 20 hours a week until they are 75. We are living so much longer. It isn't realistic that people will have a 30 year retirement. It is just too expensive to live.

@russellhoude Ай бұрын

Could I ask how he has done for performance the last three years less his fees. Has he kept up with the major indices? thx in advance.

@adirare100 Ай бұрын

Michael green, Stephanie Pomboy, Ted Oakley, Mike Pento are amazing please bring them back over n over n over. Thank you Adam

@humblesojourner5246 23 күн бұрын

Add Lance Robert’s to that list!

@mattanderson6672 29 күн бұрын

I love Michael, he's one of your best guests! Thanks for having him back

@incurableromantic4006 Ай бұрын

I'm kinda done with listening to people forecasting huge stock market drops - I've been hearing it for a decade and it *never* actually happens. Even Covid was little more than a blip in the never-ending bull market.

@Dozzer77harley Ай бұрын

Open your eyes it’s happening all around you, have you seen what is going on in most big cities in this country?

@michaelfornes1479 Ай бұрын

There's a guy who says, "15-20% melt-up until December and then a 40% drop" every single year. He's been wrong for 5 years, but one day he'll be right and pat himself on the back like he's a genius.

@incurableromantic4006 Ай бұрын

@@Dozzer77harley I said "stock market drop". Not "what's going on on in most big cities". 🙄

@anniealexander9616 Ай бұрын

Yep. The market isn't even open yet and stocks are rising. So much money being made. Don't get left out.

@mwilliamson4198 Ай бұрын

It's the global liquidity stupid ;)

@omartalamantes8398 Ай бұрын

Punto is correct about Adam. Its the best show on the tube. 👍

@RWROW Ай бұрын

Michael Pento reminds me of Jeremy Grantham, who seems to have stopped talking publicly about the coming bubble popping. Any chance of persuading him to talk on your show?

@valerietweedie4376 Ай бұрын

I know! I love Grantham! What's more, I trust him!

@Casey-rr7th Ай бұрын

Michael Pento is the best prognosticator of the market future. One of your best guests possible. He will be right.

@Papolucho702 Ай бұрын

Agreed.

@JP5466 Ай бұрын

Huh? Pento has been wrong for YEARS.

@waynezw Ай бұрын

Do not fully agree with Mike but many of his points are valid. The stock market and housing market, however, are games of supply and demand. More buyers than sellers right now and prices will continue to go up. Will it crash? Possible! But could be 2 or 3 years later. We do not want to sit on sidelines for 2 years! Do not time market

@Jalleur14325 Ай бұрын

Yes, particularly if you are wanting a home.

@neilsmithcreditmanager Ай бұрын

Well said Michael Pinto. Great to see the Michael/Adam mutual appreciation group! Thank you Adam for your hard work and great guests

@donmillerjr Ай бұрын

Love Michael Pinto. Adam, you do the best job of anyone on the internet of getting these guest to articulate their thoughts and opinions in a way that us average investors can comprehend. Such a joy to listen to your interviews.

@mwilliamson4198 Ай бұрын

Agree. But most of his recent guests have a very poor track record, at least of picking "recession" and equities markets. Raoul Pal has been calling it right for at least the past 4 years. Not a fanboy. Just saying. Maybe he understands something the others don't

@donmillerjr Ай бұрын

@@mwilliamson4198 I’ve watched Raoul a number of times but never followed his channel until a couple days ago. Sharp man, no doubt. I make sure I listen to different voices. Most have a good/great understanding of the market and economy but have a lens they view the world through, that’s the part I’m interested in. It’s the older voices I really listen to., they are the ones with 40+ years of experience that may have the details and timing off but they know what’s under the hood.

@lmncsay Ай бұрын

Sorry to hear your dad's passing. We appreciate your impeccable commitment to your work and how you bring us high quality financial and life advice each and everyday. Am sure was a proud father. Accept my sympathy.

@adam.taggart Ай бұрын

Thank you for those very kind words

@mdeshmane Ай бұрын

here is the harsh reality ... pls understand that there is no accountability for anyone forecasting anything on this channel. please treat this as nothing more than entertainment!

@putty360 Ай бұрын

Have fun bag holding then. I am a professional money manager who agrees with just about everything they say. All of my accounts are still up double digits even though I think you're going to see a seismic crash in the near future because I know what I am doing. But by all means, keep bidding up equities at 40 GAAP P/E ratios in an overleveraged economy with no net productivity gains in years.

@SR-ob3wn Ай бұрын

@@putty360”I know what I’m doing” 😂 No.

@raymagsoudlou7609 24 күн бұрын

@@putty360 This is a permabear channel. All the guests are doom-and-gloom. Never does Taggart have bulls being interviewed, never. What does that tell you? Most of these guests missed the bottom in October 2 years ago and are pissed and are dying for a crash. I do believe a large correction or an epic crash might come soon. Historically it happens AFTER the fed starts slashing rates. Everything is economic books is thrown out the window. Due to high inflation wealth is being destroyed so people are flocking to assets. At some point the rug pull will happen and the people who bought at the lows are going to take profit.

@dfifo76 16 күн бұрын

Is there anyone on the internet with accountability for anything they say?

@user-ru1mw1vn2l Ай бұрын

I love Michael Pento, Ted Oakley, and Whitney Baker. Keep em coming!

@mkencotradingworld9117 Ай бұрын

Big thanks Michael & Adam. Your interviews are very informative. I agree with Pento. Fed ability to rescue US economy/ markets deminishing due National debt $35T, interest payments on debt $1T, US Deficit $2T, Inflation post Covid,, not to mention Geopolitical & global market problems. Need to learn a new playbook to survive future markets I am thinking. Thanks Adam for interviewing people who can bring light to what that new playbook looks like.

@marmah740 Ай бұрын

Nearly 3k homes were sold in San Diego in the past 3 months… Who is buying these homes? how and why? I really want to know.

@colettespencer3357 15 күн бұрын

Chinese

@keith4596 Ай бұрын

There used to be a fast casual restaurant in our town called Bennigan's. It had an amazing salad bar stocked with EVERYTHING. I think that salad bar put them out of business. Why am I bringing this up? Because I think Adam bought their display and turned it into the backdrop for his show. I can't watch without wanting a salad with blue cheese dressing, sunflower seeds and croutons.

@TheWhiteOakHomestead Ай бұрын

And a shit load of shredded cheddar

@timmusick9875 Ай бұрын

It looks like the inside of a jade mine to me.

@SpiritedMB 27 күн бұрын

Best discussion I've heard in a while, thank you gentlemen, excellent.

@NuxDriver Ай бұрын

I think most people missed Michael’s comment that he hasn’t shorted the market because of his research and methodologies. He paints a picture of a possible bearish tomorrow but he’s making money today.

@tarojohn-zg8fd Ай бұрын

Good point you raise, many of the other commenters did not pick up on this.

@Jalleur14325 Ай бұрын

He said he was playing the markets as he finds them for now (short term bullish)

@russ430 Ай бұрын

Ask pento what his after market return has been after fees for the last 3 years. He has woefully under per formed the major averages

@4000angels Ай бұрын

Michael is one of my favorite guests on this channel. Excellent interview as always. Thanks, Adam.

@terencecorkin2380 Ай бұрын

In Australia in (I think it was 1993) we had an incredibly honest Treasurer who said when interest rates were going to 15+% “this is the recession we have to have”. His honesty was rewarded by his left (Australian Labor) government being re-elected. Treating people like adults can work - even plotically!

@DSMentzer1 Ай бұрын

Once again, thank you, Adam. Thank you for making your desired mission a reality for us.

@RWROW Ай бұрын

How much of the Himalaya of debt has just gone to consumption versus gone to investments? How much consumption has just been moved forward meaning consumption must be cut in future as debt repaid? Concerning

@asclepiushermestrismegistu7489 Ай бұрын

When you understand the principle of "The Platos Cave", it's impossible to not see it's effects playing out in the world we inhabit

@dalehutchings6350 Ай бұрын

Adam and interesting question going forward to each guest, how do you anticipate the markets changing after the election in November. Give a scenario if Trump wins. Also a scenario if Biden gets reelected to be President. That view point would be a thoughtful reflection on this tumultuous election. Thank you

@roberthodge6711 Ай бұрын

I don’t think I’ve ever before heard the U.S. economy compared to that of Zimbabwe. Hysteria abounds here today.

@rimor3579 Ай бұрын

Always nice to hear from an active manager like Michael Pento, and then hear John Llodra's comments right after. Many thanks.

@ashanesubasinha8313 Ай бұрын

Good interview. Still, I can't believe long term rates going that high because that would be the end of the global financial system. Most of the credit is issued on long end.

@davedrum5752 Ай бұрын

I really like your conversations with Mike Pento

@kobezcarz4558 Ай бұрын

Translation: ive been shorting since 2022 and im getting clobbered. Sell me your shares.

@peanut9051 Ай бұрын

Great interview. Always enjoy Mr Pento!

@sleepytiger9766 Ай бұрын

I love Michael’s raw take on everything!

@colinbailey7161 23 күн бұрын

My two favorite financial guys are Michael Pento and Peter Schiff. I would love to see them together for an hour.

@davidmanning6770 Ай бұрын

Always appreciate Michael's perspective and candor regarding the financial trends and markets. I also enjoy the variety of Adam's guests and respectful conversations.

@sanciadrobina5194 29 күн бұрын

Thank you both 🙏

@jdsmith8497 Ай бұрын

Listening to Micheal in this interview makes me glad he manages my cash.

@PatriceCortes Ай бұрын

Thanks you for bringing on Michael Pento. He is probably my favorite guest of anyone you have on!

@k.dermer2168 Ай бұрын

Great discussion. I like his candor, and, of course, Adam, you are the world's best financial interviewer since Louis Ruykheiser, which tells you how LONG I have been in the market. And definitely, the hard work you do is notable, it makes me tired just thinking how much effort it is to start a small business. I remember that well.

@donnahill758 Ай бұрын

Adam thank you. I built up my assets gradually over time. Your guest advises to get an asset manager. My problem is getting one who I believe really knows what to do not just sell me certain products. I have been told more than once that the advisor could not advise me on what more to do or change. Word of mouth as a guide to find an advisor has not been successful

@jeffholt3841 Ай бұрын

Everything is now in the market, pension funds, retirements, everyones equity. They can't afford a crash, retirees would br broke, pension funds will be broke, people will be broke. In the old school markets, people had traditional retirements, ss and healthcare from their employer. The market didn't matter to the average joe. Today, everything is in the market, it goes down, everyone goes down. The reality is they don't know how to manage it. So they print to keep everything constantly increasing in value.

@scotthodor4292 Ай бұрын

Markets running on fumes but Michael always bringin the high octane truth! Great as always, thanks guys!

@jimsmith8324 6 күн бұрын

Pento is one of your best guests for a reason - he speaks well. Too many of your guests, like Lance Roberts, start a sentence, but don't finish it before moving in a new direction. Lance will start 3 or 4 sentences and finish one. Claudia Sahm did the same thing. It was too painful to follow. Pento speaks very well.

@harpoen7358 Ай бұрын

Thanks again for a very informative interview with Michael Pento who also has a great Spence of humor👍

@cantstandtheestablishment4004 Ай бұрын

Michael is my favorite guest of yours. Please continue to have him back.

@Offon_A_Boondoggle Ай бұрын

Always enjoy MP when he is on Adam; wish I had enough money to have him manage it! 😊

@gigem7748 Ай бұрын

Thanks Adam for providing this.

@jonassamuelsson1702 Ай бұрын

First. Thank you so much Adam and Michael! You guys are as brilliant as always. I really really enjoy your conversations. 💖 Second. Almost all, if not everybody, refers to credit spreads being the most important data to follow to detect acute danger in the market. If I am not misstaken, you do not have any deepdive on the subject on this chanel yet Adam? Is that a video you would be willing to make? Because I would absolutely love that. I am on a mission to learn, and that seems to be a really important knowledge to have. 😃 //Jonas Samuelsson (Sweden)

@Jalleur14325 Ай бұрын

Yes, I'd be interested. I must say the hedging episode was way over my head though, so I'd need a much more dummy's guide than that.

@Tim_in_Australia Ай бұрын

Is there any accountability for these guys whom promise doom and gloom. They have been on this channel for years now, given plenty of air-time, yet their predictions never come true. I just don’t understand how these arguments stack up. The Fed can print money whenever they want - and do. Sure, there is a bubble in tech, but the real economy beyond this is holding up. Profits are growing, stocks are stable, and no foreseeable event representing a structural failure. Stimulus can can come from money printing if there a decline…. That said, I’m a keen watcher of your channel and appreciate your work!!

@holdenc3082 Ай бұрын

There never is any accountability. They make bad predictions for at least 2 years now. Then they come back on the show and act like all their prior terrible predictions never happened. Adam won’t call them on this, because if he did it would be end of the show because the guests would stop showing up.

@SR-ob3wn Ай бұрын

I’m sorry Adam is completely irresponsible. He’s pushing these active managers that are selling fear so they can pick uneducated middle class investors pockets. It’s frankly disgusting.

@Joe-nj8py Ай бұрын

Finally someone that speaks the truth.

@bhershman1447 Ай бұрын

Some day he will be right if I listen to these guys I would never get in the market I heard this for the past 2 yrs as market has gone up up

@chrism5859 Ай бұрын

Pento has a pretty good track record on market fundamentals, interest rates , bonds, etc. He has been wrong on short term market direction (say 12-24 months). He is right though - eventually we’ll see a major crash. Market exuberance can carry on for a lot longer than people expect. Personally, I am out except for a few stocks I have gains in that continue to climb. Will protect those gains via trailing stops. Cash is earning over 5%. I plan to redirect into commodities as the market rolls over. Current excess income is being redirected to gold - it’s a good way to save.

@P__114 Ай бұрын

But LOTS of people are in money markets. Where do you think that flows when they cut rates? Straight into stocks. Things will keep going up.

@brandonjuarez1918 Ай бұрын

Really informative video Adam. I really like when you have Mr Pento on. Keep up the great work Adam.

@Mike_Phoutrides1611 Ай бұрын

Adam and Michael are so great to listen to. Knowledge bombs all day long.

@annKLR Ай бұрын

Great show with Pento, it's clear he cares about his clients.

@jeffholt3841 Ай бұрын

Since housing has tripled in most areas they just need to triple everyones salary

@MichaelHarrington17 Ай бұрын

Of course, Michael is correct. The question is always timing. When will economic and financial fundamentals apply?

@TheChismillionaire 27 күн бұрын

This was a Masterclass. Solid.

@johnsmithee6660 28 күн бұрын

You two are A way better love story than Twilight

@DjmMik Ай бұрын

Excellent interview Adam.

@LPJCP Ай бұрын

MidCap 400 is up 9% this year and free cashflow per share is at a record (8% above 2021).

@Jalleur14325 Ай бұрын

Great animated chat. Michael is funny! He sure loves a podcast. The 5% restaurant example was really good actually. Those small margins can sometimes be everything. Actually particularly in hospitality which runs on fine margins generally. I cannot say I have noticed empty cafés but I have noticed the cheapest cafe in town being busier than usual. There is definitely a downgrading happening. But at this point it's not stopping people spending. Tourism is still busier than ever. I think I heard it was the busiest day on record in the US not so long ago for flights. Barcelona is also struggling to keep pace with tourism, like so many places now. Also people are taking on pets at record levels - also a luxury expense. So I think the idea that everyone is buckling isn't actually true yet. As others have said people prefer to keep spending and just use credit.

@llorens5880 Ай бұрын

Michael Pento is great

@chrismiami1332 22 күн бұрын

Man Michael is legendary!

@ocox8659 Ай бұрын

Always happy when you have MP on, Adam 👍

@RobWilliams007 Ай бұрын

Love Mr. Pento!

@rockscrambler6700 19 күн бұрын

100%, it all started in 2000. Pento's right.

@k.dermer2168 Ай бұрын

I forgot to add, Rukeyser had 10 elves to help him, I hope you find some too.

@angadsingh3267 Ай бұрын

Great interview

@llsererols Ай бұрын

Pento is always interesting to watch.

@jgg204 Ай бұрын

"It's run dry" .......no it hasn't. They're still printing and printing and printing. Just not as much as 2020

@MikeTesa Ай бұрын

I totally agree with everything you're saying that the markets are disconnected but somehow someway nothing ever happens to fail

@MikeTesa Ай бұрын

LoL I doubt Bank of America will go bankrupt I doubt JP Morgan will ever go bankrupt. You know these guys rule everything along with the Fed Reserve

@Clade-x Ай бұрын

Not only are you handsome, you are intelligent, Adam!

@Jalleur14325 Ай бұрын

Very true. And a natural charm

@julians472 Ай бұрын

Great interview Adam! Pento is very smart!

@michaelmcqueen4514 Ай бұрын

Thanks to Adam, Michael and John for the expert analysis. 👏👏

@danielscott1409 Ай бұрын

Fed will just buy the long end if it blows out. Ive replaced the bonds in my portfolio with EPD which has inflation indexed revenue and fixed rate borrowings with an averge maturity of 10 years.

@radiogaga123 Ай бұрын

awesome interview

@jakeb3436 Ай бұрын

Great show!

@Razmatazuk Ай бұрын

Enjoyed this, I think he is right on the money. Great interview

@judithh.lawson4773 Ай бұрын

The two Michaels, this is really interesting. One yesterday and one today. Love this. thank you Adam.

@jimjaroszewski372 Ай бұрын

Great job guys

Ай бұрын

Michael Pento has been calling for a market crash for as long as I can remember. You’re not right if you get your timing wrong. Adam, I enjoy your channel but I think you’d set yourself apart from the competition if you introduced guests by their investment track record vs. major averages. Otherwise, you risk attracting doomsayers. It’s good clickbait but eventually the effect wears off.

@petergozinya6122 Ай бұрын

Thank you Adam

@rod7407 Ай бұрын

the beauty of markets is you make a call and can objectively judge the results. Pento and the majority of guests have empirically been wrong year after year after year. It's great for viewership as people love to doom scroll but it will destroy you financially. Imagine Buffett telling you every year the sky is falling. Use common sense.

@yodurk21 Ай бұрын

Great bromance rapport between Adam and Pento, lol. Fun to listen to. Pento's bearish calls have been way too early but I think his assessments are correct nonetheless.

@kenhornbuckle971 Ай бұрын

Amen to that, you do a wonderful job and thank you!

@Burntbranchcreekbees Ай бұрын

Like the live edge slabs in the background Adam. Walnut?

@adam.taggart Ай бұрын

White oak

@Burntbranchcreekbees Ай бұрын

@@adam.taggart Wow! Beautiful! Hope you have safe travels and joy in remembrance of your Dad.

@marcfd3756 Ай бұрын

New background is great! Unique and interesting!

@michaelb4546 Ай бұрын

What's worse than being broke and having no job? Being broke and having 3.

@markwohlgamuth6033 Ай бұрын

When will these people honestly admit that they have no idea what they are talking about and can’t predict anything? It’s a huge joke.

@7minutosconlabiblia145 Ай бұрын

Thanks

@bandboyAntonio Ай бұрын

I just discovered your channel through this video. Case studies are extremely beneficial and I hope to see more in the future! Creating wealth includes developing habits, such as setting aside money on a regular basis for smart investments.

@Dressy7 Ай бұрын

I really think this guys take on the long end of the treasury curve is very wrong. I like Pento, but I stagflation is not where we’re heading imo, it’s deflation that we’ll have a hard time getting out of. The supply shock is over, and demand is plummeting.

@tarojohn-zg8fd Ай бұрын

@Dressy7 war is inflationary - our government seems to want...macroecnomic policies of either obama/biden or trump is inflationary; higher tarrifs is inflationary; no more importing deflaton from china; climate bullshit restricting access to baseload energy is inflationary...your comment about demand is of course correct but there are some many other factors that are inflationary...

@billybudapest3129 Ай бұрын

😂

@jackgoldman1 Ай бұрын

Measuring in gold Dow was 18 ounces of honest gold money in 1929 and still is in 2017 to 2024. Zero gain in 95 years in honest money.

@theheadlightfamily4720 Ай бұрын

Pinto has great info, however the markets don't have to listen

@matthewfowler6032 Ай бұрын

Sounds like being wrong

@guitarstuff4390 Ай бұрын

Interesting that he doesn’t talking about the JPYUSD carry trade as a major (thee major?) source of liquidity for this bull run/asset bubble

@manfredh.7460 Ай бұрын

Am I wrong? To me it seems that yesterday in your talk with Michael Lebowitz you sounded quite different concerning the current economic and financial situation.

@timmusick9875 Ай бұрын

Noticed the same, but I believe the operative difference is time frame for the various factors discussed to have an effect. The old "lagging factors". Many of the things Michael was most upset about are not an immediate threat.

@manfredh.7460 Ай бұрын

@@timmusick9875 Thank you!