Michael Pento

Pentoport

Contributor since: 19 Oct 2011

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• How to Identify a Classic Bubble

  Published 27 July 2015 | viewed 0 times

  One of the most ironic and fascinating characteristics about an asset bubble is that central banks claim they can't recognize one until after it bursts.…

• The Extinction of Markets

  Published 20 July 2015 | viewed 0 times

  China's four-week-long stock market rout wiped out nearly 30% off the Shanghai Composite Index since its highs of June. To stem those losses the Chinese…

• The Potemkin Bank of China

  Published 13 July 2015 | viewed 0 times

  In the midst of an intense global economic slowdown that began in 2008, China's economy amazingly appeared to be unaffected. Defying the world-wide real estate…

• Greece and Puerto Rico: Previews of Coming Attractions

  Published 06 July 2015 | viewed 0 times

  Governor Alejandro García Padilla of Puerto Rico said this week he does not think the Commonwealth will be able to pay back the $73 billion…

• Bubbles Never Pop Painlessly

  Published 29 June 2015 | viewed 0 times

  Investors are obsessed over predicting the timing of the Fed's first interest rate hike. Will it raise the Fed Funds rate in September, or wait…

• Rates Are Rising for All the Wrong Reasons

  Published 22 June 2015 | viewed 0 times

  Wall Street carnival barkers are relishing in the fantasy that the economy has finally achieved escape velocity. Therefore, they accept with alacrity that this is…

• Why the Fed Is Afraid To Raise Interest Rates

  Published 16 June 2015 | viewed 0 times

  Even though the major stock market averages are flat for the first six months of the year, by nearly every measure the stock market is…

• Bernanke is Still Bubble Blind

  Published 04 June 2015 | viewed 0 times

  Even though the former Chairman of the Federal Reserve is now getting paid privately for his economic and market prognostications, he is still unable to…

• Bond Bubble Bust Won't Cause Great Rotation

  Published 01 June 2015 | viewed 0 times

  For the first time in its country's history, Portugal sold 6 month T-bills at a negative yield. The 300 million euros ($333 million) worth of…

• Adjustable Government Data

  Published 26 May 2015 | viewed 0 times

  At the beginning of every quarter Wall Street places its overly optimistic GDP forecasts on parade. And by the end of the quarter, those same…

• Bond Bubble Will Explode Violently

  Published 18 May 2015 | viewed 0 times

  Central banks are incapable of saving economies or creating growth. The only thing a central bank can do is create inflation. These market manipulators set…

• Obamacare Caused The Gas Tax Cut To Go Up In Flames

  Published 13 May 2015 | viewed 0 times

  Wall Street analysts unanimously cheered last fall when the price of oil fell from nearly $100 a barrel in June of 2014, to almost $45…

• The Collapse of Cash

  Published 04 May 2015 | viewed 0 times

  Despite all of the central bank manipulations over the past seven years, it is finally becoming clear economies will not be able to achieve escape…

• Let's Blame The Savers

  Published 27 April 2015 | viewed 0 times

  Just like in the world of fashion, economic terminologies come in and out of vogue. One such economic term trending recently is Secular Stagnation. First…

• The Spread between Stock Prices and GDP is Blowing Out

  Published 22 April 2015 | viewed 0 times

  On a fundamental basis stock prices are reflective of both economic and earnings growth. When growth is strong, stock prices should increase in value. And…

• 3 Daggers for This Equity Bubble

  Published 13 April 2015 | viewed 0 times

  The recent stock market volatility has caused the major averages to lose nearly all their gains for 2015. However, it is clear stock prices are…

• Yellen Runs Out Of Patience, But Not Excuses

  Published 23 March 2015 | viewed 0 times

  The Fed removed the word Patience from its statement made following the FOMC meeting that concluded on Wednesday. But, taking out that one word proved…

• Beware of The Inverted Yield Curve!

  Published 16 March 2015 | viewed 0 times

  In the movies, an edgy musical score is an effective tool that warns the audience something really bad is about to happen. Like the shrill…

• The Grand Deception Continues

  Published 09 March 2015 | viewed 0 times

  Last Friday a photograph of a dress, whose exact colors were in doubt and became the subject of much debate, dominated the Internet. Not only…

• Party Like It's 2015

  Published 02 March 2015 | viewed 0 times

  In 1982 the artist formally known as Prince released a popular party anthem called "1999". The song was a premonition that 1999 would be a…