Michael Pento

Pentoport

Contributor since: 19 Oct 2011

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• When is a Good Time for Austerity?

  Published 08 November 2012 | viewed 0 times

  It is a basic rule of human nature not to voluntarily self inflict pain upon ourselves. If there is any way to avoid the day…

• Inexorable Money Supply Growth

  Published 23 October 2012 | viewed 0 times

  The economies of Southern Europe continue to experience extreme duress. For example, the bad loans of Spanish banks jumped to 10.5% in August, which is…

• Two Reasons Why the Gold Market is Under Pressure

  Published 16 October 2012 | viewed 0 times

  There are two reasons why the price of gold has been under pressure in the last few days. One of them is legitimate; while the…

• Jobs Report Will Not Derail Fed

  Published 09 October 2012 | viewed 0 times

  The gold market dropped nearly $20 an ounce shortly after the U.S. Non-farm Payroll report was released on Friday. The Labor Department reported that the…

• Money Printing Trumps Fundamentals

  Published 04 October 2012 | viewed 0 times

  Stock markets around the world continue to levitate despite the fact that the fundamentals behind the global economy continue to deteriorate. U.S. second quarter GDP…

• Global Currency Wars in Full Escalation

  Published 26 September 2012 | viewed 0 times

  The worldwide currency debasement war has now entered a new and more deadly phase. Central banks have escalated the combat plan to bring about the…

• Quantitative Counterfeiting Forever

  Published 18 September 2012 | viewed 0 times

  Last week, Fed Chairman Ben Bernanke announced that the central bank would launch an unprecedented form of quantitative easing. This "new and improved" iteration of…

• Counterfeiting Cruises to Nowhere

  Published 12 September 2012 | viewed 0 times

  The European recession, which continues to steepen, has already caused the ECB's Mario Draghi to promise to purchase unlimited quantities of bonds with duration of…

• Fiat Currencies get Flushed

  Published 04 September 2012 | viewed 0 times

  If the August Non-farm Payroll report produces a number of less than 100k jobs, the chances of QE III being announced on September 13th are…

• A Transparent Poker Face

  Published 29 August 2012 | viewed 0 times

  The European Central Bank and the Federal Reserve have both telegraphed that another round of currency depreciation is in the offing. The ECB's Mario Draghi…

• Crunch Time for Central Banks

  Published 21 August 2012 | viewed 0 times

  Global central banks have promised to pump an unprecedented amount of money into the system. They are trying to mollify the effects from a global…

• The Bernanke Cliff

  Published 15 August 2012 | viewed 0 times

  There is just far too much attention being paid to the so called Fiscal Cliff occurring at the end of this year. The expiration of…

• Money Printing Doesn't Create Jobs

  Published 07 August 2012 | viewed 0 times

  The developed world's central banks are now foolishly preparing for a full assault on their respective currencies in an attempt to lower unemployment rates. Spurring…

• Twilight Zone Economics

  Published 31 July 2012 | viewed 0 times

  It is obvious to me that the world of economics has now fully entered the Twilight Zone. As evidence, last week, European Central Bank Head…

• Rising Dollar Forces Bernanke's Hand

  Published 23 July 2012 | viewed 0 times

  Could it be that world governments and central banks are now taking drastic measures to re-inflate their economies because they don't believe their own economic…

• The Fed's Next Move

  Published 12 July 2012 | viewed 0 times

  Spanish and Italian bond yields have now risen back up to the level they were before the EU Summit. We also learned recently that U.S.…

• Central Bank Fireworks

  Published 06 July 2012 | viewed 0 times

  Plunging ISM manufacturing data in the U.S. forebodes a GDP growth rate of just about 1%. And crumbling global PMI manufacturing data indicates worldwide growth…

• Global Markets Pine for the Printing Press

  Published 27 June 2012 | viewed 0 times

  The global economy continues to falter and the pace of that slowdown is picking up. Recent data showed that German consumer confidence dropped the most…

• Europe's Solution isn't More Inflation

  Published 19 June 2012 | viewed 0 times

  We now live in a phony economic world where central bankers rule without check. Any hint of weakening data, which is actually a sign of…

• Bank Bailout isn't the Solution

  Published 13 June 2012 | viewed 0 times

  It was announced this weekend that Spain will receive $125 billion (100 billion Euros) to recapitalize their banking system. The money for the bailout will…