Friday, October 05, 2018

Michael Pento, Bill Murphy, Chris Waltzek Ph.D. & Robert Ian - October 5th, 2018 - Radio ©2005-2018. A Spina-Waltzek Production-©2005-2018 Royalty free music from Google Play. Disclaimer: this show is presented as informational content only. Consulting first with a registered financial adviser before investing is advisable.

Oct. 5th, 2018
Featured Guests
Michael Pento & Bill Murphy

Show Highlights
  • Michael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Radio with his latest economic insights.
  • While most analysts are oblivious to the current financial risks, Michael Pento says the next crisis is already underway.
  • Global central bank QE operations will turn negative for the first time since the Great Recession 10 years ago in 2019 (black line in graph) (figure 1.1.).
  • Global equities markets, copper, lumber and many key markets are currently signaling economic distress.
  • Since the 1950's an economic recession followed 9 out of 10 times after the yield curve inverted; the curve could invert as soon as this Dec.
  • The Fed is expected to raise rates for the 4th time this year.
  • Pento Portfolio Strategies points to the $20 trillion national debt level and that of China.
  • These unsustainable burdens could add to the growing risk of economic contraction.
  • Public debt has increased from $4 trillion to $15+ trillion drastically increasing default exposure amid sharply higher rates.
  • The Dec. Fed rate hike will push the Pento 20 multivariate regression model into a short position on US equities by the end of 2019.
  • For the first time in a decade - commodities, PMs and cash will be the assets du jour.
  • Key takeaway: gold and especially the XAU / HUI will skyrocket, with AU quickly ascending above $2,000.

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