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Michael Pento

Michael Pento

Euro Pacific

Contributor since: 29 Jul 2010

Biography

Michael Pento is Senior Economist and Vice President of Managed Products for Euro Pacific Capital. He is a well-established specialist in the Austrian School of economic theory and a regular guest on CNBC and other national media outlets.

  • Krugman's War Cry Won't Avert Depression

    Published 16 August 2011 | viewed 0 times

    Paul Krugman sounded the war cry this Sunday on Fareed Zakaria's program Global Public Square. After all, he asserted, only spending equivalent to another World…

  • Gold is the True Reserve Currency

    Published 04 August 2011 | viewed 0 times

    The reliance upon the U.S. dollar as the world's reserve currency and "safe haven" asset has created a perverse, but deeply entrenched, mindset among global…

  • Debt Ceiling Myths

    Published 21 July 2011 | viewed 0 times

    The debt ceiling debate that has dominated the headlines over the past month has been thoroughly infused with a string of unfortunate misconceptions and a…

  • The Psychology of Bond Investors

    Published 07 July 2011 | viewed 0 times

    Those who take issue with the outlook of Austrian economists in general, and Euro Pacific Capital in particular, have pointed to the persistence of low…

  • The Extinction of Retirement

    Published 15 June 2011 | viewed 0 times

    For the better part of a century the foundations for a semi-comfortable retirement for many Americans have rested on the financial pillars of rising real…

  • Central Bankruptcy - Why QE3 is Inevitable

    Published 13 June 2011 | viewed 0 times

    As the U.S. economy seemingly limps out of the Great Recession most analysts now assume that the Federal Reserve will soon join the tide of…

  • Stimulus Wears Off

    Published 01 June 2011 | viewed 0 times

    The artificially engineered U.S. recovery is already starting to falter as a continuous procession of disappointing data continues to confirm the sad truth. Recent numbers…

  • Training Wheels Off, Crash Helmets On

    Published 20 May 2011 | viewed 0 times

    Based on many pronouncements by economic policy makers, reams of articles by the top financial journalists and near continuous discussion on the financial news channels,…

  • Inflation Destroys Real Wages

    Published 18 April 2011 | viewed 0 times

    In the same vein as medieval physicians believed bloodletting would cure illness, modern snake-oil economists still perilously cling to their claim that rising wages and…

  • Core Incompetency

    Published 04 April 2011 | viewed 0 times

    For years the Federal Reserve has told us that in order to detect inflation in the economy it is important to separate "signal from noise"…

  • The Inflation Knuckleball

    Published 29 March 2011 | viewed 0 times

    By its very definition, fiat money is something created out of thin air: the word "fiat" is Latin for "let it be done" (as in,…

  • Interest Rates Are On The Launch Pad

    Published 14 March 2011 | viewed 0 times

    A few months ago, the chorus sung by the recovery cheerleaders reached a crescendo when expanding consumer credit statistics and surging US trade deficits provided…

  • Taps for the Dollar

    Published 02 March 2011 | viewed 0 times

    It now appears that the United States has finally succeeded in its efforts to destroy confidence in the U.S. dollar. Given the currency's reserve status,…

  • Arab Autocracies and US Inflation

    Published 24 February 2011 | viewed 0 times

    Civil revolt is currently spreading across the Arab world. What began in Tunisia has now metastasized into Bahrain, Egypt and Libya. Though two dictators have…

  • Geithner's Failed Makeover

    Published 16 February 2011 | viewed 0 times

    To counter the increasing demands that government reduce its micromanagement of the economy, last week the Obama Administration offered a fig leaf in the form…

  • The Cause and Evidence of Inflation

    Published 04 February 2011 | viewed 0 times

    In a heated debate on the February 1st episode of CNBC's "The Kudlow Report", financial commentator Donald Luskin offered his "textbook" definition of inflation as…

  • Inflation is Here to Stay

    Published 01 February 2011 | viewed 0 times

    In current economic analysis, inflation is largely in the eye of the beholder, and depending on how you choose to look, very different stories emerge.…

  • Bernanke's Golden Dismount

    Published 24 January 2011 | viewed 0 times

    There can be little doubt that Fed Chairman Benjamin Bernanke has been a very, very good friend to gold investors. However, some of those who…

  • Pricey Eats

    Published 20 January 2011 | viewed 0 times

    From all accounts it appears that the world is in the early stages of a major leg up in food prices. The major macroeconomic trend…

  • Rising Rates Reveal Debt Reality

    Published 30 December 2010 | viewed 0 times

    The Fed's lucky streak of luring bond investors with low interest rates may be drawing to a close. Nevertheless, the extended period of low borrowing…