Michael Pento

Pentoport

Contributor since: 19 Oct 2011

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• Ten Investor Warning Signs for 2016

  Published 14 December 2015 | viewed 0 times

  Wall Street's proclivity to create serial equity bubbles off the back of cheap credit has once again set up the middle class for disaster. The…

• Unwinding Carry Trades and Unintended Consequences

  Published 08 December 2015 | viewed 0 times

  The European Central Bank under the auspices of Mario Draghi has created a market destabilizing condition known as the euro carry trade. Mr. Draghi recently…

• Don't Sell Your Gold Because of Draghi

  Published 30 November 2015 | viewed 0 times

  European Central Bank President, Mario Draghi, has been trying to lower the value of the euro by promising to pursue inflation with a vengeance. His…

• The Success of Irish Austerity: The Joke is on Krugman

  Published 23 November 2015 | viewed 0 times

  During the late 1990s, Ireland's economy was booming. This was mostly due to a low corporate tax rate of just 12.5% and an international real…

• How the Great Depression 2.0 Will Soon Unfold

  Published 16 November 2015 | viewed 0 times

  Those who place their faith in a sustainable economic recovery emanating through government fiat will soon be shocked. Colossal central bank counterfeiting and gargantuan government…

• U.S. Manufacturing Renaissance Turns Into the Dark Ages

  Published 09 November 2015 | viewed 0 times

  The October ISM Manufacturing Index, which has been the official barometer of the U.S. manufacturing sector since 1915, came in with a reading of just…

• Global Fiscal and Monetary Madness

  Published 02 November 2015 | viewed 0 times

  Last week China's central bank (the PBOC) cut borrowing costs for the sixth time in a year and eased the reserve requirement ratio (RRR) for…

• Fed Headed into Inflation Overdrive

  Published 27 October 2015 | viewed 0 times

  Seven years of extraordinary fiscal and monetary stimuli are proving ineffective towards achieving the growth and inflation targets laid out by the Federal Reserve. The…

• Tea Party is Drinking Too Much Decaf

  Published 19 October 2015 | viewed 0 times

  On December 16th, 1773 the Sons of Liberty in Boston, in protest of the Tea Act, destroyed an entire shipment of tea sent by the…

• One Step Back From the Ledge

  Published 12 October 2015 | viewed 0 times

  I started Pento Portfolio Strategies three years ago with the knowledge that the unprecedented level of fiat credit creation had rendered the globe debt disabled…

• Jobs Report Moves Fed One Step Closer to QE IV

  Published 05 October 2015 | viewed 0 times

  The September Non-Farm Payroll Report came in with a net increase of just 142k jobs. The unemployment rate held steady at 5.1% and the labor…

• In Defense of Gold

  Published 28 September 2015 | viewed 0 times

  There has been an unprecedented attack on gold and mining shares over the past three years emanating from financial institutions in order to support the…

• Bear Markets, Recessions and the Bewildered Fed

  Published 21 September 2015 | viewed 0 times

  A popular Wall Street myth is that bear markets are caused by recessions. The contention is as long as the economy isn't in a recession…

• One and Done Fed is a Wall Street Fantasy

  Published 14 September 2015 | viewed 0 times

  One of the current myths promulgated by Wall Street is that the Federal Reserve will raise rates once this year, breathe a sigh of relief,…

• Seven Reasons the Bear Market Has Just Begun

  Published 08 September 2015 | viewed 0 times

  On March 10th 2009 the US stock market hit an intraday low and put in the now-famous "Haines bottom"--coined after my friend, the late great…

• Stock Market Calls Fed's Bluff

  Published 31 August 2015 | viewed 0 times

  As the Fed nears its proposed first rate hike in nine years the stock market is becoming frantic. The Dow Jones Industrial Average is down…

• Clear Conclusions Concerning QE

  Published 24 August 2015 | viewed 0 times

  Japan was recently slammed with more bad economic news; growth contracted yet again in the second quarter. Gross Domestic Product for the world's third largest…

• A Street Car Named Treasuries

  Published 17 August 2015 | viewed 0 times

  In the 1947 Tennessee Williams play "A Streetcar Named Desire" as she is being carted off to the mental institution Blanche Dubois utters these famous…

• Ignore the Commodity Message at Your Own Peril

  Published 10 August 2015 | viewed 0 times

  The Thompson Reuters/Jefferies CRB Index (CRB) is back down to the panic lows of early 2009. For those who think the CRB Index says nothing…

• The Real Message of Plunging Commodities

  Published 03 August 2015 | viewed 0 times

  The Chinese stock market recently saw its biggest selloff in 8 years as the dramatic 8.5% fall in Shanghai "A" shares also rattled markets around…