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Affluent Christian Investor | August 23, 2017

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AboutMichael Pento, Author at Affluent Christian Investor - Page 3 of 7

Michael Pento

Michael Pento

Michael Pento is the President and Founder of Pento Portfolio Strategies (PPS). PPS is a Registered Investment Advisory Firm that provides money management services and research for individual and institutional clients. Michael is a well-established specialist in markets and economics and a regular guest on CNBC, CNN, Bloomberg, FOX Business News and other international media outlets. His market analysis can also be read in most major financial publications, including the Wall Street Journal. He also acts as a Financial Columnist for Forbes, Contributor to thestreet.com and is a blogger at the Huffington Post. Prior to starting PPS, Michael served as a senior economist and vice president of the managed products division of Euro Pacific Capital. There, he also led an external sales division that marketed their managed products to outside broker-dealers and registered investment advisors. Additionally, Michael has worked at an investment advisory firm where he helped create ETFs and UITs that were sold throughout Wall Street. Earlier in his career he spent two years on the floor of the New York Stock Exchange. He has carried series 7, 63, 65, 55 and Life and Health Insurance Licenses. Michael Pento graduated from Rowan University in 1991.

Posts By Michael Pento

October 5, 2015 |

Jobs Report Moves Fed One Step Closer to QE IV

The September Non-Farm Payroll Report came in with a net increase of just 142k jobs. The unemployment rate held steady at 5.1% and the labor force participation rate dropped to the October 1977 low of 62.4%. Average hourly earnings fell … Read More

October 1, 2015 |

In Defense of Gold

There has been an unprecedented attack on gold and mining shares over the past three years emanating from financial institutions in order to support the government’s supposed success in bringing the economy back to health. And even though gold … Read More

September 16, 2015 |

One and Done Fed is a Wall Street Fantasy

One of the current myths promulgated by Wall Street is that the Federal Reserve will raise rates once this year, breathe a sigh of relief, and be done until the “12th of never”. But those who are familiar with our … Read More

September 9, 2015 |

7 Reasons the Bear Market Has Just Begun

On March 10th 2009 the US stock market hit an intraday low and put in the now-famous “Haines bottom”–coined after my friend, the late great Mark Haines, who made one of the most prescient calls in market history. It should … Read More

September 3, 2015 |

Stock Market Calls Fed’s Bluff

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 … Read More

August 26, 2015 |

Clear Conclusions Concerning QE

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 economic … Read More

August 21, 2015 |

A Street Car Named Treasuries

In the 1947 Tennessee Williams play “A Streetcar Named Desire“, as she is being carted off to the mental institution, Blanche Dubois utters these famous words“I have always depended on the kindness of strangers.”

And like Ms. Dubois, the … Read More

August 14, 2015 |

Ignore the Commodity Message at Your Own Peril

The Thompson Reuters/Jefferies CRB Index (CRB) is back down to the panic lows of early 2009. For those who think the CRB Index says nothing about global growth… invest accordingly at your own peril.

If you believe this commodity crunch … Read More

August 4, 2015 |

The Real Message of Plunging Commodities

The Chinese stock market recently saw its biggest selloff in 8 years as the dramatic 8.5% fall in Shanghai “A” shares also rattled markets around the world.

For the past few weeks China has been balancing its desire to keep … Read More

July 30, 2015 |

How to Identify a Classic Bubble

One of the most ironic and fascinating characteristics about an asset bubble is that central banks claim they can’t recognize one until after it bursts. And Wall Street apologists tend to ignore the manifestation of bubbles because the profit … Read More

July 24, 2015 |

The Extinction of Markets

China’s four-week-long stock market rout wiped out nearly 30% off the Shanghai Composite Index since its highs of June. To stem those losses the Chinese government has formulated an interesting hypothesis: stocks won’t go down if you ban sell orders.

Read More

July 16, 2015 |

The Potemkin Bank of China

In the midst of an intense global economic slowdown that began in 2008, China’s economy amazingly appeared to be unaffected. Defying the world-wide real estate collapse, China’s GDP grew by an impressive 8.7% in 2009. Fueled initially by a $586 … Read More

July 13, 2015 |

Bubbles Never Pop Painlessly

Investors are obsessed over predicting the timing of the Fed’s first interest rate hike. Will it raise the Fed Funds rate in September, or wait until next year? But it is far more important to get a grasp on the … Read More

July 7, 2015 |

Greece and Puerto Rico: Previews of Coming Attractions

Governor Alejandro García Padilla of Puerto Rico said this week he does not think the Commonwealth will be able to pay back the $73 billion in debt owed to bondholders. I find this rare bit of honesty totally refreshing. … Read More

June 30, 2015 |

Rates Are Rising for All the Wrong Reasons

Wall Street carnival barkers are relishing in the fantasy that the economy has finally achieved escape velocity. Therefore, they accept with alacrity that this is the primary reason why interest rates have started to rise. However, the fact still remains … Read More

June 29, 2015 |

Why the Fed Is Afraid To Raise Interest Rates

Even though the major stock market averages are flat for the first six months of the year, by nearly every measure the stock market is still extremely overvalued. This point is not lost on Ms. Yellen and company, as the … Read More

June 15, 2015 |

Is Bernanke Still Bubble Blind?

Even though the former Chairman of the Federal Reserve is now getting paid privately for his economic and market prognostications, he is still unable to identify or acknowledge the monumental bubbles that central banks have engineered. Mr. Bernanke, who was … Read More

June 12, 2015 |

Bond Bubble Bust Won’t Cause Great Rotation

For the first time in its country’s history, Portugal sold 6 month T-bills at a negative yield. The 300 million euros ($333 million) worth of bills due in November 2015 sold at an average yield of … Read More

June 4, 2015 |

Adjustable Government Data

Adjustable Government Data

At the beginning of every quarter Wall Street places its overly optimistic GDP forecasts on parade. And by the end of the quarter, those same carnival barkers line up a myriad of excuses as to why the … Read More

May 28, 2015 |

Bond Bubble Will Explode Violently

Central banks are incapable of saving economies or creating growth. The only thing a central bank can do is create inflation. These market manipulators set forth on a journey seven years ago to save the world by engaging in … Read More

May 22, 2015 |

Obamacare Caused The Gas Tax Cut To Go Up In Flames

Obamacare Caused The Gas Tax Cut To Go Up In Flames

Wall Street analysts unanimously cheered last fall when the price of oil fell from nearly $100 a barrel in June of 2014, to almost $45 a barrel by … Read More

May 14, 2015 |

The Collapse of Cash

Despite all of the central bank manipulations over the past seven years, it is finally becoming clear economies will not be able to achieve escape velocity. The U.S. central bank has the longest track record of treading down the … Read More

April 27, 2015 |

Let’s Blame the Savers

Just like in the world of fashion, economic terminologies come in and out of vogue. One such economic term trending recently is Secular Stagnation. First proposed by Keynesian economist Alvin Hansen back in the 1930s, Secular Stagnation was coined to … Read More

April 16, 2015 |

3 Daggers for This Equity Bubble

The recent stock market volatility has caused the major averages to lose nearly all their gains for 2015. However, it is clear stock prices are still extremely overvalued by virtually every metric, especially when viewed in the absence of GDP … Read More

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