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

The government’s “ingenious” solution to end the Great Recession was to recreate the same wealth effect that engendered the credit crisis to begin with: The definition of the wealth effect is an increase in spending that comes from an...
There’s been a lot of attention being paid to high frequency trading (HFT) as of late. The question has been raised as to whether or not HFT rigs markets. It is true that HFT adds nothing to GDP and is simply a legalized form of high-tech...
The entire global economy now clings precariously to one crucial phenomenon. That is, how much longer can the central banks of the developed world artificially suppress interest rates at near zero percent?The violently-negative market...
I first warned about the impending bust of Japanese Government Bonds (JGBs) when I wrote “Abe Pulls Pin on JGBs” back in January of 2013. In that commentary I laid out the math behind a collapse of the Japanese bond market and economy...
The New Chairperson of the Federal Reserve showed off her dovish feathers after the latest meeting of the FOMC. Ms. Yellen abrogated the threshold of 6.5% on the unemployment rate as the starting point for short term rate hikes and...
I sometimes feel that the economy is living out the Hans Christian Andersen’s fable called “The Emperor’s New Clothes”. He wrote the story back in 1837 about a vain emperor who hired a couple of charlatans that promise to make him the...
Investors are currently receiving mixed messages regarding the ramifications resulting from the Fed’s exit of debt monetization. Officials from the Federal Reserve are assuring market participants that there will be a smooth transition...
Wall Street and Washington have summarily dismissed the recent spate of disappointing economic data by claiming it is solely based upon the weather. The equity market is 100% convinced that winter is to blame for the faltering economy; and...
I first wrote about the “Deleveraging Deception” back in September of 2010. Unfortunately, those that would have you believe the economy has paid down its excessive debt levels are still at work trying to deceive you. But here’s the truth....
Wall Street Cheerleaders like to claim that the tapering of Fed asset purchases is not equivalent to the tightening of monetary policy. But the markets are clearly telling investors something different. Year to date the S&P500 is down...

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Gold weakens on global cues and lackustre demand