Michael Pento

Delta Global

Contributor since: 26 Feb 2010

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• The Free Money Bubble Is About To Burst

  Published 12 November 2019 | viewed 17,331 times

  Recently, there has been a parade of central bankers along with their lackeys on Wall Street coming on the financial news networks and desperately trying…

• Is The Bull Market On Its Last Legs?

  Published 28 October 2019 | viewed 12,487 times

  This aging bull market may soon face the third market collapse since the year 2000. Nobody can predict the exact starting date of its decline—but…

• Central Banks Have Printed $22 Trillion Worth Of New Credit Since 2008

  Published 03 September 2019 | viewed 5,755 times

  Last week we wrote about how global central banks have created an economic time machine by forcing $17 trillion worth of bond yields below zero…

• The $250 Trillion Global Debt Bubble Is About To Burst

  Published 25 June 2019 | viewed 11,290 times

  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…

• Bigger Market Corrections May Be On The Horizon

  Published 10 April 2018 | viewed 2,824 times

  The stock market was trading at an all-time high valuation of 150 percent of GDP this January. That was indeed the bell rung at the…

• 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…