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

A little over six months ago the owners of the Baha Mar, a $3.5 billion Bahamian resort, filed for bankruptcy. Shoddy construction from the China State Construction Company led to delays resulting from leaking plumbing, porous Chinese...
The most important question investors will soon have to face is: "what's going to happen once central banks finally meet their inflation targets?"

For example, let's assume after years of monetizing government debt, bidding up equity...
The European Central Bank under the auspices of Mario Draghi has created a market destabilizing condition known as the euro carry trade. Mr. Draghi recently telegraphed to the markets a more aggressive attack on the value of the currency...
The October ISM Manufacturing Index, which has been the official barometer of the US manufacturing sector since 1915, came in with a reading of just 50.1. This was a level barely above contraction.

Of the 18 industries surveyed in the...
Last week China’s central bank (the PBOC) cut borrowing costs for the sixth time in a year and eased the reserve requirement ratio (RRR) for the third time this year, in a desperate attempt to achieve the prescribed growth target of 7...
On December 16th, 1773 the Sons of Liberty in Boston, in protest of the Tea Act, destroyed an entire shipment of tea sent by the East India Company, in a political protest referred to as the Boston Tea Party.

Following the Wall...
I started Pento Portfolio Strategies three years ago with the knowledge that the unprecedented level of fiat credit creation had rendered the globe debt disabled and would result in mass global sovereign default. As a consequence, there...
A popular Wall Street myth is that bear markets are caused by recessions. The contention is as long as the economy isn’t in a recession, stock prices won’t drop by more than 20 percent. And since the cheerleaders who dominate Wall Street...
As the Fed nears its proposed first rate hike in nine years the stock market is becoming frantic.  The Dow Jones Industrial Average is down around 10% on the year, as markets digest the troubling reality that our central bank may be...
Japan was recently slammed with more bad economic news; growth contracted yet again in the second quarter. Gross Domestic Product for the world’s third largest economy fell by an annualized 1.6% in the three months ended in June.

The...

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The word ‘silver’ originates from the Old English Anglo-Saxon word 'seolfor'