Michael Pento

Michael Pento is the President and Founder of Pento Portfolio Strategies, produces the weekly podcast called, “The Mid-week Reality Check”, is Host of The Pentonomics Program and Author of the book “The Coming Bond Market Collapse.”

Articles by Michael Pento

There is a huge shock in store for those who have been lulled to sleep by a stock market that has become accustomed to no volatility and only an upward direction. And that alarm bell can be found in the price action of Bitcoin, which...
If you’re like me you must be wondering why there is so much media obsession around Bitcoin even though its market cap is just $300 billion, which amounts to only about 1/3 the size of Apple Inc.? And, more importantly, why the US...
On October 18th of this year, the stock market cheered as Chinese micro-lender Qudian (QD) launched its $900 million-dollar initial public offering. Qudian services the insatiable demand that exists in China for short-term on-line...
As mentioned last week in Part I, the U.S. National debt is now at a record $20.5 trillion. And the first month of fiscal 2018 showed a deficit increase of nearly 38% over fiscal 2017. The total amount of Non-Financial Debt is up nearly $...
The Treasury opened the fiscal year 2018 with an October budget deficit of $63.2 billion. That is 37.9% larger than the $45.8 billion deficit in October of last year. The primary reason behind this surge in year-over-year deficits was a 21...
The federal budget deficit widened in the fiscal year 2017 to the sixth highest on record, creating a budget shortfall of $666 billion. That is up $80 billion, or 14%, from the fiscal year 2016. The overspend resulted primarily from an...
Its official…the stock market has broken above 23,000, and its valuations should now scare even the most mind-numbed carnival barker on Wall Street. The forward 12-month PE ratio is 18, compared to the 10-year average of just 14. The 12-...
In the aftermath of WWII the American economy was that shining city on a hill. After saving mankind from the Nazi’s, America had the only intact manufacturing base and was the repository for most of the world’s gold. Those circumstances...
Cryptocurrencies are being billed as a new and improved form of money that has been offered to us courtesy of technological evolution. There is a big problem with this conclusion. That is, digital money is not money at all. And proving...
Job approval numbers for Japan’s Prime Minister Shinzo Abe are in freefall. Abe's support has now fallen below 30%, and his Liberal Democratic Party recently suffered heavy losses stemming from a slew of scandals revolving around illegal...

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Domestic gold prices tumble on reduced demand