AboutMichael Pento, Author at Affluent Christian Investor - Page 2 of 2
Gold: It’s All About Real Rates, Not The Dollar
The Federal Reserve’s recent need to supply $100’s of billions in new credit for the overnight repo market underscores the condition of dollar scarcity in the global financial system. This dearth of dollars and its concomitant strength has left most … Read More
The Central Banks’ Time Machine Is Broken
I recently wrote about how global central banks have created an economic time machine by forcing $17 trillion worth of bond yields below zero percent, which is now 30% of the entire developed world’s supply. Now it’s time to explain … Read More
What The World Doesn’t Need Now Is Lower Rates
The Q2 earnings season is upon us and the risks to the rally that started after the worst December on record at the close of last year is in serious jeopardy. We received a glimpse of this with some of … Read More
Will Fed Easing Turn Out Like ’95 Or ‘07?
You should completely understand that the market is dangerously overvalued and that global economic growth has slowed to a crawl along with S&P 500 earnings. However, you must also be wondering when the massive overhang of unprecedented debt levels, artificial … Read More
Today’s Pets.com And NINJA Loan Economy
The NASDAQ bubble that existed two decades ago contained a plethora of internet companies, such as Pets.com, that proved in the end to having a non-viable business model. Yet, because they enjoyed access to cheap credit, it allowed them to … Read More
Why The Market Crash Is Just Beginning
Wall Street’s playbook stipulates that every down tick in the market is just another buying opportunity. While that is most often true, peak margins, a slowing global economy and the bond bubble collapse makes this time more like 2008 than … Read More
Fiat Currencies Collapsing In Turkey, Venezuela, And Iran: What About A Major Economy?
Two drones filled with explosives were recently deployed in a failed assassination attempt to take out Venezuelan President Nicolas Maduro. Chaos filled the streets as the military ran for their lives. But this sort of pandemonium is commonplace in Venezuela … Read More