"No warning can save people determined to grow suddently rich" - Lord Overstone

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Michael Pento

Michael Pento

Delta Global

Contributor since: 26 Feb 2010


With more than 16 years of industry experience, Michael Pento acts as chief economist for Delta Global Advisors and is a contributing writer for GreenFaucet.com. He is a well-established specialist in the Austrian School of economic theory and a regular guest on CNBC and other national media outlets. Mr. Pento has worked on the floor of the N.Y.S.E. as well as serving as vice president of investments for GunnAllen Financial immediately prior to joining Delta Global.

  • Four Percent 10-year Note Yield Will Be a Floor Not a Ceiling

    Published 21 February 2018 | viewed 0 times

    The two most important factors in determining the level of sovereign bond yields are the credit and inflation risks extant within a nation. When determining…

  • Global Synchronized Bond Collapse

    Published 08 February 2018 | viewed 0 times

    We have all heard, in ad nauseam fashion, Wall Street’s current favorite mantra touting a global synchronized economic recovery. For the record, global GDP growth…

  • Don’t Fight the Fed! Or the Rest of the World’s Central Banks

    Published 30 January 2018 | viewed 0 times

    On March 9, 2009, The Wall Street Journal’s Money and Investing section posed this ominous question: "How low can stocks go?" The stench of economic…

  • Inflation Tsunami Ahead

    Published 23 January 2018 | viewed 0 times

    Inflation is one of the most misunderstood, misused and lied about topics in economics. The Fed professes to know what causes it: an overly employed…

  • Interest Rates Walking On Narrow Ledge

    Published 09 January 2018 | viewed 0 times

    There is a huge shock in store for those who have been lulled to sleep by a stock market that has become accustomed to no…

  • A Bitcoin Conspiracy Theory

    Published 19 December 2017 | viewed 0 times

    If you’re like me you must be wondering why there is so much media obsession around Bitcoin even though its market cap is just $300…

  • Deleveraging the Great Wall of Chinese Debt

    Published 15 December 2017 | viewed 0 times

    On October 18th of this year, the stock market cheered as Chinese micro-lender Qudian (QD) launched its $900 million-dollar initial public offering. Qudian services the…

  • Soaring Deficits Force Treasury into Foolish Gamble: Part II

    Published 27 November 2017 | viewed 0 times

    As mentioned last week in Part I, the U.S. National debt is now at a record $20.5 trillion. And the first month of fiscal 2018…

  • Soaring Deficits Force Treasury into Foolish Gamble: Part 1

    Published 21 November 2017 | viewed 0 times

    The Treasury opened the fiscal year 2018 with an October budget deficit of $63.2 billion. That is 37.9% larger than the $45.8 billion deficit in…

  • Lemmings in Full Gallup Towards Cliff

    Published 23 October 2017 | viewed 0 times

    It's official…the stock market has broken above 23,000, and its valuations should now scare even the most mind-numbed carnival barker on Wall Street.  The forward…

  • Bitcoin is Not New and Improved Money

    Published 02 October 2017 | viewed 0 times

    Cryptocurrencies are being billed as a new and improved form of money that has been offered to us courtesy of technological evolution. There is a…

  • D.C. Dysfunction and Central Bank Chaos

    Published 05 September 2017 | viewed 0 times

    On September 5th, the members of both houses of Congress of the United States will clean the beach sand from between their toes and return…

  • The Death of Abenomics; the Rise of Interest Rates

    Published 07 August 2017 | viewed 0 times

    Job approval numbers for Japan’s Prime Minister Shinzo Abe are in freefall. Abe's support has now fallen below 30%, and his Liberal Democratic Party recently…

  • 5 Reasons to Fear the Fall

    Published 25 July 2017 | viewed 0 times

    This powerful and protracted bull market has made Cassandras look foolish for a long time. Those who went on record predicting that massive central bank…

  • Will Trump Fire Yellen or Vice Versa

    Published 05 July 2017 | viewed 0 times

    Citigroup’s Economic Surprise Index just hit its lowest level since August 2011. But this level of disappointment has ironically emboldened the Fed to step up…

  • Raise the Inflation Target and Put a Date on It!

    Published 19 June 2017 | viewed 0 times

    Raise the Inflation Target and Put a Date on It! That’s the direction some high-profile economist and former members on the FOMC want to go.…

  • Are Stocks Currently Cheap?

    Published 14 July 2010 | viewed 0 times

    Perma-shills have been claiming of late that the stock market is now trading at an enticing valuation. Their main evidence for this, as they are…

  • Why the Greater Depression Still Lies Ahead

    Published 30 June 2010 | viewed 0 times

    If one does not know the real cause of a problem, they should also be unable to provide a genuine solution. Messer's Obama, Bernanke and…

  • Fed's Next Move is To Ease

    Published 22 June 2010 | viewed 0 times

    The FOMC meets today to discuss their record-low interest rate policy. The announcement of their decision will be released on Wednesday. While no increase in…

  • U.S. Debt Bomb Detonation Expedited by 5 Years

    Published 16 June 2010 | viewed 0 times

    A Treasury Department report to Congress last week stated that total U.S. debt will climb to $19.6 trillion by 2015, as opposed to the 2019…