Michael Pento: The Middle Class Is Getting Destroyed, While Assets Are 40% Overvalued

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Adam Taggart | Thoughtful Money

Adam Taggart | Thoughtful Money

Күн бұрын

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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.
#inflation #stagflation #recession
_____________________________________________
Thoughtful Money LLC is a Registered Investment Advisor Solicitor.
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Пікірлер: 908
@adam.taggart
@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)
@titantrader6436
@titantrader6436 Ай бұрын
Everyone claims the FED only controls the short end yet during covid the FED bought corporate bonds. Why would they print and buy long end. Yellen is already not selling much on the long end because they don't have the buyers for that junk. You'd have to be insane to buy the long end in these times except for a trade, good luck with that. BTW IMHO on all written here.
@faithharris3439
@faithharris3439 Ай бұрын
Good luck with more accountability and restraint. You made a joke 😂 Christ is THE one and final answer!
@gulp0000
@gulp0000 Ай бұрын
kzfaq.info/get/bejne/bc6oZ8qV0czFnaM.html
@tommygrubbs2053
@tommygrubbs2053 Ай бұрын
In contrast to this fairly stark and depressing discussion, Mike nailed it when he said you may be the best interviewer on the planet right now. You have this incredible knack for extracting useful and very insightful information out of a brilliantly curated roster of guests.
@adam.taggart
@adam.taggart Ай бұрын
Wow -- I think this might be the nicest feedback I've ever received. Thank you!
@mackakiwinz4353
@mackakiwinz4353 Ай бұрын
Well said Adam is a cut above the rest. Sincerity and intelligence being large factors IMO.
@chrismostert4394
@chrismostert4394 Ай бұрын
Well done guys. Michael stop just short calling the MWEFers for who they actually are.? Khaza-rian Mafia anyone?
@connormchugh4457
@connormchugh4457 Ай бұрын
Completely agree. Adam is the best interviewer I've seen and someone I look forward to listening to every week.
@arrowadventures11
@arrowadventures11 Ай бұрын
100% agree
@mikeinportland30
@mikeinportland30 Ай бұрын
I 100% share Pento's anger rant at the beginning. We should all be angry over the malign damage the Fed has done to the middle class with its actions - hubris mixed with short term stupidity. There was a widely used saying in Russia prior to the '17 revolution about the Tsar's disastrous running of the war (WWI) - "Is it stupidity or is it treason?" That sure pops in my head every time I hear of the Fed.
@honestyfirst3994
@honestyfirst3994 Ай бұрын
It’s clearly treason!
@EMan-cu5zo
@EMan-cu5zo Ай бұрын
It’s our g+oven-ment spending that is out of control.
@EMan-cu5zo
@EMan-cu5zo Ай бұрын
Have to try to get around big boss KZfaq censorship
@ecosignals
@ecosignals Ай бұрын
​WILD. ppl have to RE-learn how to surf the WEEKLY changing landscape of ai, algos, and whataboutisms, just to be HEARD. (go ahead and scream your lungs out... over in a "free speech" box. Aka solitary confinement) I'm so glad we've entrusted the survival of humanity to a handful of people based on what they took that day 💊, or whether they got a certain tax break or comp package (Capitalism winning is good? right?) Makes me feel like millions of voices were unheard, left twisting in the wind. unique to every platform, of course. But just curious, there's some kinda safeguards to ensure this isn't, say, wildly manipulated by those with sympathies to foreign actors.... ...... riiight..ch..uble ?! !? ?! @EMan-cu5zo
@annhomrich7921
@annhomrich7921 Ай бұрын
I believe it is treason. It appears as stupidity/foolishness, but if you look back over many decades, if we look deeper and not just believing the narrative we are fed from federal government and the mainstream media, we may see the corruption of many impactful decisions that have been made to get to this point, and revealing a conspiracy, not theory, but a conspiring of governments to make its citizens weak, stupid, broken, and helpless, so that it sets us up for their agenda of the 'great reset'' or to get its citizens as servants of the government (or corporate elites?) (instead of government whose stated goal is to serve the people and to maintain justice), watching and controlling your decisions and purchases and limiting your access to goods and services, essentially controlling our lives (i.e., creating smart cities, limiting of access to healthy natural meat and inventing lab-grown meat, poisoning our food and water in various ways that are cancerous...). This and the continuing actions of government leaders, ultimately sets the stage for a one-world leader to create and control a one-world religion, a one world currency system, and the final world government as a ten-nation confederacy as revealed in Scripture, i.e., the Book of Daniel, the Book of Revelation. Regardless of what our overreaching, corrupt government does, we have a choice to do what is right in God's sight in every area of life.
@johncyr3916
@johncyr3916 Ай бұрын
The 12 apostles comparison was awesome! Michael is so right on how we view the Fed.
@BP-ry6mw
@BP-ry6mw 15 күн бұрын
Rather, how the Fed views themselves.
@deemarie2615
@deemarie2615 Ай бұрын
Please have Micheal Pento back on.
@wapiti3750
@wapiti3750 Ай бұрын
You gotta love an Italian guy that most likely isn't mob-affiliated!
@mattkrumal239
@mattkrumal239 Ай бұрын
1000%
@patrickhamilton5829
@patrickhamilton5829 Ай бұрын
Michael Pento seems like a genuine man with morals and integrity who cares about the little guy on the street.
@george0r510
@george0r510 Ай бұрын
a MAJOR PROBLEM IS THE LITTLE GUY ON THE STREET DOES NOT CARE AOBUT THE LITTLE GUY ON THE STREET, ANY MORE EITHER. Have you not noticed how people will not speak up, and how they are restrained not to intervene, to act, or are afraid to speak or act. For example, workers in stores are instructed not to stop shoplifting, and as soon as a power failure happens groups are looting??? in many places, not all...... I notice people with a nonchalant way not approaching issues that need to be a public outcry and the people in the communities just walk by. It is very prevalent....to not speak up about correcting the obvious......WHY, fear, stupid, too busy working, too busy playing, diverted attention, ????? you call it. Too much strain trying to exist, What is it, I see, but can't define, or do you have a definition....
@sharktoothdiver
@sharktoothdiver Ай бұрын
@@george0r510 Very good point. People now days will pick up a phone to record a video, than to help a person getting their butt kicked.
@davenchop
@davenchop Ай бұрын
hes a salesman..they all say that
@kevoreilly6557
@kevoreilly6557 28 күн бұрын
Wake up …he’s selling something
@christinab2074
@christinab2074 Ай бұрын
One of your most honest and realistic guest you can have on your channel. BRAVO 🙌 The majority of the rest just don’t understand the severity we are in
@VinceTomJones
@VinceTomJones Ай бұрын
We have entered into the biggest economic and social collapse in recorded History.. America is imploding.. . 34 Trillion dollars in debt.... Millions of illegal... Tens of millions living below the poverty line...Thousands upon thousands living in tents and in their cars....Infrastructure crumbling... Whole neighborhoods abandoned... Crime out of control..... and Russia/China breathing down their neck... ... Fancy that how could this have possibly happened. But... The bigger question is WHY has this Happened.. Thesis: Present the status quo, the viewpoint that is currently accepted and widely held. Antithesis: Articulate the problems with the thesis. (Hegel also called this phase “the negative.”) Synthesis: Share a new viewpoint (a modified thesis) that resolves the problems. When THEY have achieved total lawlessness and the coming depression ... They will not have to take total control.... The so called "citizens" will hand it to them on a plate... It's close now
@lorrainee4841
@lorrainee4841 Ай бұрын
Love Michael Pento- brilliant and HONEST!
@dalewhite5152
@dalewhite5152 Ай бұрын
He is!...he cares!
@mrsterling5306
@mrsterling5306 Ай бұрын
Adam!, I wish at least 20 million oblivious Americans could listen to this conversation.
@Becky-tp7gm
@Becky-tp7gm Ай бұрын
Isn't that the truth!
@lukewarme9121
@lukewarme9121 Ай бұрын
I wish 81,283,501 would listen to this.
@mrsterling5306
@mrsterling5306 Ай бұрын
@@lukewarme9121 That would be better, yes! 😆
@chrisservais4230
@chrisservais4230 Ай бұрын
🐑
@Steven_Will
@Steven_Will Ай бұрын
You mean "81 million" 👍
@timharbert7145
@timharbert7145 Ай бұрын
All debt destroyed the middle class - consumer, business, and government. All debt is inflationary.
@toddgammons9400
@toddgammons9400 Ай бұрын
Great interview. I'm saddened and even angry what the leaders of our country has done to us. The middle class is being wiped out by the rich men north of Richmond
@CycleBreakersCommunity
@CycleBreakersCommunity 29 күн бұрын
This 🎉
@insomniactravels6185
@insomniactravels6185 Ай бұрын
Michael is even more animated than his usual colorful self, Love it! Need to have him back more often!! 🙂.
@EMan-cu5zo
@EMan-cu5zo Ай бұрын
Unfortunately not for anything positive.
@user-eb3pi4tv9k
@user-eb3pi4tv9k Ай бұрын
The middle class has been wiped out everywhere, not just the USA, by degrading the money, I live in the U.K. where toxic politics and brexit have wrecked sterling.
@sinjohnsmyth8301
@sinjohnsmyth8301 Ай бұрын
Don't blame Brexit, look at the rest of Europe. It is however down to the so called politicians from every 'party ' ,all of whom are either bribed or blackmailed by the people who own the central banks and m.i.c. All our central banks are Rothschild central banks. Look no further
@RDMARTIN1401
@RDMARTIN1401 Ай бұрын
The stock market had more money in it this it was its real value ….. so lnvestors sold out stocks and purchased foreclosed real estate c and the rented it back to to ones foreclosed on . The more property that was purchased inflated property values resulting in ballooning housing costs . Property investors are more secure with tangible and more liquid investments than the gamble of the markets . Home values were driven up (buy) the property investors .. that’s what I see happening . Not to mention the county property values going through the roof !
@MarkShinnick
@MarkShinnick Ай бұрын
What then explains the wrecking of parts of the EU?
@lukewarme9121
@lukewarme9121 Ай бұрын
How soon before the U.K. becomes Muslim majority?
@prolific1518
@prolific1518 Ай бұрын
​@@RDMARTIN1401 home prices were driven up zero % interest rates. Central Banks caused this for their rich banker friends.
@Kevin-kx8mk
@Kevin-kx8mk Ай бұрын
Michael Pento is a great guest and wicked smart.
@tlee1723
@tlee1723 18 күн бұрын
Mr Pento is a straight shooter, just the facts.
@jayjones7776
@jayjones7776 Ай бұрын
Michael Pento gets the highest respect, most admiration and is a beloved analyst. ❤❤❤❤❤❤.
@MrTigerStarX
@MrTigerStarX Ай бұрын
Even though he's been wildly inaccurate for 2 years?
@davenchop
@davenchop Ай бұрын
@@MrTigerStarX ..first person besides me i noticed that can see the real truth. hes a salesman. im not saying the man is wrong but he spews off countless possibililities and then months later talks about only the ones he got right which isnt many
@markmcguire7261
@markmcguire7261 Ай бұрын
Adam and Pento Is 2 🐐 s. I love both how so honest and genuine they both are. You won't find better humans.
@benlatimer9495
@benlatimer9495 Ай бұрын
Well possibly Jesus, but yeah they are great..
@lourdes3458
@lourdes3458 Ай бұрын
I am a spaniard who lives in Ecuador, everywhere in the western world happens the same as in USA, Iam very impressed by this interview , not because what it is said (Mr Pento and Mr taggart are both really brilliant ) but for the feeling of true sadness you convey. I feel the same pain you good americans feel for the demise of our once great countries. If this serves you, Think about it in this way. You americans most recently, like us spaniards did in the XVI and XVII th century, "conquered" the world and achieved "human glory", but did very bad things to lesser peoples. We used our power not to pull up our weaker human fellows in other nations but to forge an empire that opressed them AND IN THE PROCESS OF TRYING TO HOLD TO THAT EMPIRE FOUGHT EVERYONE AND RUINED OURSELVES The dark times that are coming is God´s chance for all of us to repent and pay for our sins becoming humble and abandoning our selfish individualism and insouciance. As your great ancestor Thomas paine once said " IF THERE HAS TO BE TROUBLE LET IT BE IN MY TIME SO THAT MY CHILDREN MAY LIVE IN PEACE "......the best of America has never been modern industrial monopolistic capitalism (this is our curse that is destroying us all modern westeners)...... but the revolution against the british king, the constitution, the bill of rights , democracy undestood as government by the people and for the people.......the religious and enterpreneurial spirit of the pilgrims, settlers and inmigrants (that gave birth to this meritocracy that you talked about) and your openness to receive people from all over the world. ¡¡ RISE UP YOU DESCENDANTS OF CROMWELL, OF THE PURITANS, OF THE ENLIGHTMENT......SONS OF FRANKLIN, WASHINGTON, JEFFERSON, JACKSON AND LINCON.....CONTEMPORARIES OF KENNEDY , DR KING AND MANY OTHERS !! ¡¡ RISE UP , REMEMBER THAT "THE TREE OF LIBERTY MUST BE REFRESHED FROM TIME TO TIME WITH THE BLOOD OF PATRIOTS AND TYRANTS" ¡¡
@deborahcurtis1385
@deborahcurtis1385 Ай бұрын
I think King Charles III is on the way out, if that helps....
@darinthesecularspiritualist
@darinthesecularspiritualist Ай бұрын
Nice
@PatBlot-lm6zx
@PatBlot-lm6zx Ай бұрын
Well said.
@mrsterling5306
@mrsterling5306 Ай бұрын
“Asset prices have NO business being where they are”…… AGREED!!!
@tlee1723
@tlee1723 18 күн бұрын
Too much $$$ printed.
@lfw3733
@lfw3733 Ай бұрын
We talk about investments but the truth is that 90% of us are dead broke and only watch to escape.
@RobWilliams007
@RobWilliams007 Ай бұрын
Exactly, we are insolvent. Michael is one of my favs. He and Luke Gromen.
@deborahgaines4402
@deborahgaines4402 Ай бұрын
Excellent and honest interview, Adam and Michael. Unfortunately, you have confirmed my deepest fears. I'm in my 70's . I was raised by parents who survived the great depression. The worst is yet to come.
@ohiofarmer5918
@ohiofarmer5918 17 күн бұрын
Also with the middle class was the ability of emergency theft of mom and pop landlords by Fauchi and Birks after our state health commissioner started that ball rolling. Then Trump extended it and Biden extended it even after the supreme Court said it was illegal. The damage caused to my property once there was no threat of eviction will never be made up in what may be left of my existence.
@ohiofarmer5918
@ohiofarmer5918 17 күн бұрын
Also with the middle class was the ability of emergency theft of mom and pop landlords by Fauchi and Birks after our state health commissioner started that ball rolling. Then Trump extended it and Biden extended it even after the supreme Court said it was illegal. The damage caused to my property once there was no threat of eviction will never be made up in what may be left of my existence.
@mattmccracken1768
@mattmccracken1768 Ай бұрын
I used to have a sign on my desk that said, "If you can remain calm whilst all around you is in chaos, it probably means you don't comprehend the seriousness of the situation." Perhaps these markets are finally recognizing the seriousness of this situation.
@thomasrennicke7107
@thomasrennicke7107 Ай бұрын
Kipling
@Erikpdx
@Erikpdx Ай бұрын
When has panicking or getting upset ever helped? It causes you to behave irrationally. Keeping your cool and working through it thoughtfully is a skill
@chopchopbc
@chopchopbc Ай бұрын
@@Erikpdxstaying calm is often because people are oblivious to/ complacent. See it all the time. Staying at Defcon 5 if the situation warrants more will see you get wiped out.
@danielturner9832
@danielturner9832 Ай бұрын
​@@Erikpdx I actively trade the markets but use a method that takes emotion out of it.
@kingjustice1831
@kingjustice1831 Ай бұрын
Great quote!
@2LFlynn
@2LFlynn Ай бұрын
All I can say to Michael Pento is Amen!
@HS-PGA
@HS-PGA Ай бұрын
I love the Italiano-American passionate way of speaking !
@carefulconsumer8682
@carefulconsumer8682 Ай бұрын
Many good points. Thanks. It appears most economists think both stonks and RE is overpriced by 30-40% at least. Some think 60%.
@parkerbohnn
@parkerbohnn Ай бұрын
Stocks about 1,000 percent overvalued, real estate about 10 percent overvalued.
@freddie19hki
@freddie19hki Ай бұрын
Bring him back as a guest? Nahh, we need to engage him for something like a "weekly Micheal Pento's corner" ASAP
@timclark3049
@timclark3049 Ай бұрын
Oh yeah.... My favorite! As soon as I see Pinto. I click! Just listened to entire interview. Great job, Adam. Michael NEVER disappoints. Love his analysis.
@993C2S
@993C2S Ай бұрын
Wonderful interview. Mr. Pinto is awesome. Thank you.
@europa3962
@europa3962 Ай бұрын
Excellent interview Adam. Michael is my go to guy for No BS analysis. I have quasi followed his modeling and it has served me well. Kudos and please have him on at least every 6 weeks
@HuiChyr
@HuiChyr Ай бұрын
This channel should have 500k subscribers already. And 1 million by next year.
@lawrencefeldman462
@lawrencefeldman462 Ай бұрын
Michael is a rare bird. Energy and bright with a lot of common sense. All his facts are correct. We're lucky to not be in a depression now. So am very impressed with his outlook. As a muni bond holder of most my portfolio. I am hoping for the rate cut on the bonds i purchased this year. 5% tax free income is going to pay off well if Powell cuts this year.
@donmarek7001
@donmarek7001 Ай бұрын
Former congressman Ron Paul warned us about much of this over 20 years ago. But people like being a tax slave and too stupid for the Bill of Rights given their voting record.
@donmarek7001
@donmarek7001 Ай бұрын
@user-jl8yy5ir7s Repeal womens suffrage.
@donmarek7001
@donmarek7001 Ай бұрын
@user-jl8yy5ir7s We need to repeal women's suffrage and make voting linked to some sort of property or asset amount.
@mark-204
@mark-204 Ай бұрын
Adam please bring Michael back in the future thank you.
@hoefle7104
@hoefle7104 Ай бұрын
Always REALLY enjoy hearing Michael Pento's thoughts. :)
@omartalamantes8398
@omartalamantes8398 Ай бұрын
What a great interview. And Pento is right, Thoughtful money is doing God's work. And I'm not a believer but I appreciate the credit he's giving u Adam. I know its not mentioned much here but I think the U.S needs to change its foreign policy to help itself financially.
@RDMARTIN1401
@RDMARTIN1401 Ай бұрын
This is extortion no matter how you want to see it !!!! It’s the same as paying for protection as you can see in Russia or Saudia Arabia when the USA gave them protection when we traded oil backed dollars for military might …. Protection .
@RDMARTIN1401
@RDMARTIN1401 Ай бұрын
Small county’s with valuable natural resources are on to this banking power grab so get ready for a different chess game . The USA will be compelled to transparity with future trade negotiations …. After all ….. we the people played this game when we divorced England !!!! It’s no longer a tea party …… but rather a plea party by lesser armed rebels !!!!
@deborahcurtis1385
@deborahcurtis1385 Ай бұрын
I think US foreign policy has always been about helping the US financially, well US corporations part of the military-industrial complex to be more specific. Eisenhower warned that the United States must “guard against the acquisition of unwarranted influence…by the military-industrial complex,” which included members of Congress from districts dependent on military industries, the Department of Defense (along with the military services), and privately owned military contractors-e.g., Boeing, Lockheed Martin, and Northrop Grumman. Eisenhower believed that the military-industrial complex tended to promote policies that might not be in the country’s best interest (such as participation in the nuclear arms race), and he feared that its growing influence, if left unchecked, could undermine American democracy. How right he was. How many US citizens got to vote on going to war since WW2? The merits of going to war aren't fully examined. The costs are brutal and still being dealt with from Vietnam, onwards. Let's not forget it was the colossal cost of that war which led Nixon to abandon the gold standard AND inflate away the debt. The inevitability of this pattern is what is killing the middle class and the 2% inflation rate, cumulatively has done the rest. In many ways the US simply has a more sophisticated form of corruption, the same problem that China has which is causing it to implode at a more rapid rate than the US. Somehow out of this mess, some clarity will emerge. One possibility is debt forgiveness and a clean slate. This seems to be where we are heading but I'm not sure it's going to be much better than an organised crime fix.
@ILLUMINATOR49
@ILLUMINATOR49 Ай бұрын
Two aces sharing valuable information and insights LISTEN CAREFULLY 🙏👍🖖
@DjmMik
@DjmMik Ай бұрын
Excellent interview Adam. Thanks for having Michael back. He never disappoints!!
@bdnevins
@bdnevins Ай бұрын
The gold standard was part of the system of checks and balances, to prevent the government from sacrificing the future for the sake of the present, by depreciating the currency. It did not suddenly end in 1971, but was gradually watered down by the federal reserve act, mis-management under Bretton woods, chronic budget and trace deficits, etc.
@evgeniiastapov354
@evgeniiastapov354 Ай бұрын
Please keep doing God’s work Adam and Michael. Thank you for a fantastic conversation!
@jimscherer8072
@jimscherer8072 Ай бұрын
Bring MP back !
@richlee1374
@richlee1374 Ай бұрын
For the last 6 months, I've been referring to what's about to come as a "hyper-stagflationary" depression.
@prolific1518
@prolific1518 Ай бұрын
That's called the end of the USA
@jedg4746
@jedg4746 15 күн бұрын
The Fed has no more than 6 months to lower base rate down to a max of 2% - no matter what the rate of inflation number. The current base rate is going to bankrupt the whole USA - like the UK after WW2.
@edubmf
@edubmf Ай бұрын
Straight off the bat I'm loving it
@henrypadilla7571
@henrypadilla7571 Ай бұрын
Thanks again! Pento is a favorite.
@curious8836
@curious8836 Ай бұрын
Thanks for bringing Michael Pento on. Always a treat.
@davrossbain7010
@davrossbain7010 Ай бұрын
Bravo, always an highlight when Pento comes by! Great session.
@ghggp1
@ghggp1 Ай бұрын
Great job! Loved this interview! You are so right! We do a terrible job of teaching financial literacy in schools! Is that by design? I wonder! Thank God you are a resource for those of us that need education in the financial space! Keep up the good work! I am a dedicated viewer of your content! BRAVO TO YOU AND YOUR GUESTS! I fear the future too as the middle class is being gutted as your guest so eloquently focused on! We NEED to do better! This program is one step towards that end!
@user-wf7gk5mz6x
@user-wf7gk5mz6x Ай бұрын
As W. C. Fields said, “There’s a sucker born every minute.” The elite doesn’t want to enlighten them. Who else will they pump and dump?
@Casey-rr7th
@Casey-rr7th Ай бұрын
Michael Pento is my number one go-to financial professional. Simply the best.
@judithh.lawson4773
@judithh.lawson4773 Ай бұрын
Michael is incredible.
@lordhumung
@lordhumung Ай бұрын
Thanks for having Mr. Penton on he is a true fighter for the middle class person!!!!!
@martinleepgg
@martinleepgg Ай бұрын
Both you guys have hit a home run of truth here today....thank you from New Zealand
@tomdon7211
@tomdon7211 Ай бұрын
Extraordinarily insightful well done great interview
@Ziran_Man
@Ziran_Man Ай бұрын
I am learning so much watching your channel. Much appreciation!
@stevencezus3987
@stevencezus3987 Ай бұрын
Pento is the best, love how open and transparent he is. And data driven by his tools. Great guy! Thanks Adam for being, as Pento mentions, the best interviewer in the world!
@muskymac4063
@muskymac4063 Ай бұрын
When are we going to vote on TERM LIMITS ? Career politicians and the lobby have ruined our country. That’s not what our founding fathers had in mind. Great discussion ! Michael Pento is the best interview bar none.
@landlubber42069
@landlubber42069 Ай бұрын
Socialism for the rich as I've heard it described. Good way of putting it.
@pabloeyelid7006
@pabloeyelid7006 Ай бұрын
I'm in 100% agreement with him, but my experience with the market has been that the market doesn't move swiftly. It takes its time...forever. When crisis happen it's fast but to get there, it takes forever and quite frustrating at times to see it comes to that conclusion sooooooooo slowly.
@wasabiworthington6352
@wasabiworthington6352 Ай бұрын
8 Months ago Pento was yelling that we should ride the market while we can...he was RIGHT. This guy keeps being correct. Now he's clear that the fun is over; "progressing into the next phase" as Adam put it. I am replaying this section over to make sure I have it clear. I will be ACTING on and moving towards his recommendations. Although I don't do shorting of anything.
@Steven_Will
@Steven_Will Ай бұрын
Any chance you can break it down for me like I was 10 years old? Buy precious metals and treasury notes?
@kenmontgomery287
@kenmontgomery287 Ай бұрын
Wow,wow, wow........wow! My jaw is still in my lap. Thank you Abam and Mike
@jimclark5037
@jimclark5037 Ай бұрын
fantastic discussion!
@tonylinardi3089
@tonylinardi3089 Ай бұрын
Didn't Yellen say we would never have another recession? The market needs recession to flush out wreck less behavior before a bubble develops. The middle class is getting crushed because of these games. Great interview Adam, Mr. Pento.
@markreid7
@markreid7 Ай бұрын
No, she said a financial crisis like in 08.
@paulciccarello661
@paulciccarello661 Ай бұрын
Just to comment on inflation rate, what no one is talking about is that it is cumulative and composed over time. 2% today is a lot more in dollars than 2% was two or three years ago,it's misleading
@jayr.taylor210
@jayr.taylor210 Ай бұрын
Terrific interview. Honest. Open. Balanced. Thank you.
@robertmiller5835
@robertmiller5835 Ай бұрын
Great great interview
@edtizzard8064
@edtizzard8064 Ай бұрын
Thank you for your show,
@shirolee
@shirolee Ай бұрын
Micheal Pento is great! He's always had some if not the best interviews!
@johnr8309
@johnr8309 Ай бұрын
I think your program is fanastic Adam and you are the best at what you do. I love the way you pause and sum things up, expecially when the guest espouses something that might need some explanation or clarification to your audience. I also think Pento is one of your best guests although I didn't agree with him on the political part, but that really isn't the focus of your program. Pento is articulate, explains the micro and the macro, and I find him relatively easy for the nonprofessional to follow. Keep up the good work.
@Mike_Phoutrides1611
@Mike_Phoutrides1611 Ай бұрын
Love Michael Pento, thanks for having him on Adam!
@JC-cf4rs
@JC-cf4rs Ай бұрын
Adam, you should interview Milton Berg. He has a lot of great experience and information. He’s head of Milton Berg Advisors and correctly called the top last year. I recently watched an interesting interview with him, but I think you could dig up some really great information and insight with your questions
@gordpearson9802
@gordpearson9802 Ай бұрын
Yes, great interview, Read the Exec. Summary folks, , its well worth the read, captures items you may have missed, IMO
@biden-putin-stalin
@biden-putin-stalin Ай бұрын
I really appreciate Michael Pento's frankness, and honest evaluation of the situation. He is a long time and very well respected money manager, so his opinion carries a lot of weight. I am sure that he is not alone in his thoughts and expectations in the money management world.
@blinn40x
@blinn40x 22 күн бұрын
this is the 3rd video I've watched from your channel, and it's the 3rd one I've watched in its entirety.. excellent insights and very sobering forecasts. appreciate the time it takes to produce this content and manage the conversation - many thanks & keep it up!
@meiada
@meiada Ай бұрын
Thank you Adam for another fabulous interview. ❤
@PaulGreene-em4ge
@PaulGreene-em4ge Ай бұрын
High quality interview, thanks
@toupsfamily6892
@toupsfamily6892 Ай бұрын
By far, the best interview and response to our current economy crisis we are in. I've listened to many different angles and opinions over the years while truck driving. Great job, guys!
@toupsfamily6892
@toupsfamily6892 Ай бұрын
@user-jl8yy5ir7s Absolutely, it has helped me to stay informed. Although when I was managing inside, I still made time to stay informed. Most people won't listen to this anyway. They would categorize these interviews as boring. These are some of the most important videos to be watching/listening to these day's.
@mattanderson6672
@mattanderson6672 Ай бұрын
Thank you so much for having him back!!! He's one of your best guests!! Thanks both!!
@MarkHinesley
@MarkHinesley Ай бұрын
Michael is the best! Thank you for being honest and direct.
@eugene1059
@eugene1059 Ай бұрын
I like to hear Pinto he's no nonsense and logical.
@jameswatson4865
@jameswatson4865 Ай бұрын
Commenting for reach. I'm not American but so respect the work both of you do to inform the average Joe.
@tradinvibes2745
@tradinvibes2745 Ай бұрын
Always love the chats with Michael Pento!! Thank you!!
@annhomrich7921
@annhomrich7921 Ай бұрын
Very much appreciate your channel (found it mentioned on a homesteading channel) and it has been helpful and an eye opener. I have shared various videos with friends who are of like mind and understand what is taking place with the spiritual side of life, what is happening (in Holy Scripture, we are told of the signs to look for), but also the practical side of living in this modern republic. I appreciate your mission! The direction of and pulling information from economic professionals that are sharing their true economic insights, and that you are keeping the average American in mind, to try to help the common person to be educated, prepared, and encouragement to be in a better place to provide for themselves and their families! Very much appreciate Michael Pento and his forthrightness, not watering down what is happening economically and politically, and that he is open without hesitation to give thanks to God! I understand in this world that unfortunately we have to rely on a system that is not equitable and finances are important to help provide for our families' needs. Yes, investing in people is much more important than investing in finances!!
@MrAnderson3
@MrAnderson3 Ай бұрын
Always love Michael's commentary on the true state of things in the markets and economy, good interview One thing I would ask though is everyone says we need a recession/depression and we will "bounce back" What makes everyone so sure after this coming depression that America will actually bounce back to a more vibrant, competitive economy? What makes all these experts so sure that it's just going to happen? Who's to say this isn't the last straw for America's leading economic dominance?
@mishdevlin1590
@mishdevlin1590 Ай бұрын
Thank you both 💓
@SR-zu9pn
@SR-zu9pn Ай бұрын
Brilliant, thank you both.
@mackakiwinz4353
@mackakiwinz4353 Ай бұрын
Mike is the type of guy I would like to be in my rugby team. Thank you both Mike is correct your channel will make a difference Adam.
@marybusch6182
@marybusch6182 Ай бұрын
He'd be my choice for my oncologist
@jonafra24
@jonafra24 Ай бұрын
One of my favorites. Would invest with him if he took Canadian citizens.
@sinjohnsmyth8301
@sinjohnsmyth8301 Ай бұрын
Likewise, I'm British and gutted I can't!!
@infraaa_
@infraaa_ Ай бұрын
Mister Adam, I am once again writing a comment to thank you for your efforts. Us young people feel like we have no voice. We need a mass enlightenment, and as they say, the first step is accepting we have a problem (and what the problem is). Keep up the good fight
@Reflect50
@Reflect50 Ай бұрын
Absolutely wonderful interview. Love you both and so appreciate you !!!
@user-eo7cf2cd7k
@user-eo7cf2cd7k Ай бұрын
Good show, bub!
@SkipDulcet
@SkipDulcet Ай бұрын
great interview, i hate missing a thougtful money!
@BlueWaterSTAX
@BlueWaterSTAX Ай бұрын
Well done guys. Excellent information
@jkreuzer
@jkreuzer Ай бұрын
Thank you for this. Absolutely LOVE what you're doing, Adam. Fabulous guest!! 💪🏽
@jeffsurfanderson
@jeffsurfanderson Ай бұрын
Awesome interview Adam you're the bomb
@justinwiedeman5017
@justinwiedeman5017 Ай бұрын
Like your new opening!
@robwindridge7804
@robwindridge7804 Ай бұрын
Great conversation guys , thank you 👍🏻
@RobWilliams007
@RobWilliams007 Ай бұрын
Michael - love this - reach back and pull others up. Great, great advice. Great words of life!
@andrewmartin1758
@andrewmartin1758 Ай бұрын
Dude!! Pit sweat is off the hook! Profuse pit sweat = stagflation alert
@jimscherer8072
@jimscherer8072 Ай бұрын
PSI = Pit Sweat Indicator
@auntiefiat9769
@auntiefiat9769 Ай бұрын
LOL - I just knew someone would go there! We love you Michael!!
@williammwoodjr
@williammwoodjr Ай бұрын
BRAVO.... ENCORE!
@maggieAPF
@maggieAPF Ай бұрын
I wish I was better educated about finance, debt, and health when I was younger. Whatever is coming is terrifying either way. My husband and I feel we missed a boat that has now set sail without us. Always a fantastic interviewer, thank you so much for you compassion and knowledge.
@Csharpflat5
@Csharpflat5 Ай бұрын
Great show thanks ❤
@rupertsmith6097
@rupertsmith6097 Ай бұрын
Pento is back on! Does that mean the sh*t is about to hit the fan?
@bradleyqueen3879
@bradleyqueen3879 Ай бұрын
Looks like it's starting too. Looks to me we're headed for stagflation. Higher inflation, lower growth.
@victormoreno2767
@victormoreno2767 Ай бұрын
A bit scary I would say. Bodega markets suddenly closing, Nike laying off. This is unraveling a bit faster now…
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