Michael Pento

Pentoport

Contributor since: 19 Oct 2011

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• Bubbles Inflating Faster Than GDP

  Published 13 May 2013 | viewed 0 times

  Global central banks have clearly demonstrated the ability to re-inflate stock and real estate bubbles. Global stock markets are roaring ahead of their economies and…

• GDP Bag of Tricks

  Published 30 April 2013 | viewed 0 times

  If you're not happy with the stumbling U.S. economy all you have to do is just wait a few more months. It seems the Bureau…

• Gold Reveals Global Economy on Thin Ice

  Published 19 April 2013 | viewed 0 times

  Explanations for this gold selloff abound everywhere and nearly all of them are inane and incorrect. The silliest among all the reasons offered for the…

• What Drives the Gold Price?

  Published 09 April 2013 | viewed 0 times

  There is still an incredible amount of misunderstanding on Wall Street about the relationship between the price of gold and the true value of the…

• The Real Fallout from Cyprus

  Published 01 April 2013 | viewed 0 times

  Holders of the Euro currency should be glad that the Troika is finally doing something besides just making more loans, printing more money and monetizing…

• Equity Bubble is Based on Unsustainable Earnings

  Published 21 March 2013 | viewed 0 times

  The most pervasive question on Wall Street these days is if the Dow Jones Industrial Average, which is at a record level in nominal terms,…

• Fed's Bubbles to Slaughter Middle Class

  Published 12 March 2013 | viewed 0 times

  When central bankers dedicate their existence to re-inflating asset bubbles, it shouldn't at all be a surprise to investors that they eventually achieve success. Ben…

• Is the U.S. Becoming a Banana Republic

  Published 05 March 2013 | viewed 0 times

  It is sad to say there are just two reasons why the U.S. is not yet a banana republic. The first reason is that the…

• No Easy Escape for the Fed

  Published 27 February 2013 | viewed 0 times

  I've said since the beginning of 2009 that any future "recovery" experienced by the markets and the economy would be derived through massive government spending…

• Why Interest Rates Are Rising

  Published 20 February 2013 | viewed 0 times

  The interest rate on the Ten-year Note has risen from 1.58% on December 6th of last year, to as high as 2.03% by mid-February. Most…

• Currency Cold War

  Published 15 February 2013 | viewed 0 times

  It isn't much of a secret that gold mining shares have suffered greatly in the past 18 months. In fact, since the summer of 2011…

• Bernanke Blows Bond Bubble into Stocks

  Published 05 February 2013 | viewed 0 times

  Ben Bernanke was instrumental in creating a bubble in U.S. Treasuries. His actions have served to inflate it to the point that it has now…

• January Jobs Data Will Disappoint; Fed to Keep Monetizing Debt

  Published 31 January 2013 | viewed 0 times

  The recent spate of better data on initial jobless claims has caused bond yields to rise, stock prices to rally and gold shares to tumble…

• Abe Pulls Pin on JGB Grenade

  Published 23 January 2013 | viewed 0 times

  Japan has already suffered through a quarter century's worth of an economic malaise because they have refused to allow the free market to work its…

• Trillion Dollar Banana

  Published 16 January 2013 | viewed 0 times

  It should be clear to all that Keynesian Counterfeiters now control many of the major governments across the globe. Fiscal and monetary "stimulus" led to…

• Dysfunctional D.C. Leans on Fed's Printing Press

  Published 26 December 2012 | viewed 0 times

  It should now be clear to all Americans that our government is completely incapable of voluntarily reducing our fundamental problem of excess debt. The inability…

• Bernanke's Balance Sheet Ensures Disaster

  Published 17 December 2012 | viewed 0 times

  As expected, Ben Bernanke officially launched QE IV with his announcement last week of $85 billion dollars worth of unsterilized purchases of MBS and Treasuries.…

• Employment Condition Gives Central Banks More Ammo

  Published 11 December 2012 | viewed 0 times

  The prevailing wisdom currently on Wall Street is that gold and commodity stocks will go nowhere next year because interest rates are about to rise…

• Phony Global Recovery is an Illusion

  Published 04 December 2012 | viewed 0 times

  Many investors still hope that the global economy will experience a significant rebound in 2013. I guess it is human nature to assume the optimistic…

• Why Governments Always Punt on Austerity

  Published 15 November 2012 | viewed 0 times

  The simple reason why governments never freely decide on fiscal responsibility is because fixing their well-entrenched problems of over borrowing and spending means that their…