Michael Pento

Pentoport

Contributor since: 19 Oct 2011

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• Don't Look Now But The Wealth Effect Is Over

  Published 28 April 2014 | viewed 0 times

  The government's "ingenious" solution to end the Great Recession was to recreate the same wealth effect that engendered the credit crisis to begin with: The…

• Fed Rigs Markets, Not the Flash Boys

  Published 15 April 2014 | viewed 0 times

  There's been a lot of attention being paid to high frequency trading (HFT) as of late. The question has been raised as to whether or…

• Rising Rate Realities

  Published 07 April 2014 | viewed 0 times

  The entire global economy now clings precariously to one crucial phenomenon. That is, how much longer can the central banks of the developed world artificially…

• Japanese Debt Debacle Now Imminent

  Published 27 March 2014 | viewed 0 times

  I first warned about the impending bust of Japanese Government Bonds (JGBs) when I wrote "Abe Pulls Pin on JGBs" back in January of 2013.…

• Fed Changes the Rules to Maintain ZIRP

  Published 20 March 2014 | viewed 0 times

  The New Chairperson of the Federal Reserve showed off her dovish feathers after the latest meeting of the FOMC. Ms. Yellen abrogated the threshold of…

• The Recovery's New Clothes

  Published 17 March 2014 | viewed 0 times

  I sometimes feel that the economy is living out the Hans Christian Andersen's fable called "The Emperor's New Clothes". He wrote the story back in…

• Investors Should Heed Markets; Not Fed Apologists

  Published 03 March 2014 | viewed 0 times

  Investors are currently receiving mixed messages regarding the ramifications resulting from the Fed's exit of debt monetization. Officials from the Federal Reserve are assuring market…

• Whether or Not it's the Weather

  Published 24 February 2014 | viewed 0 times

  Wall Street and Washington have summarily dismissed the recent spate of disappointing economic data by claiming it is solely based upon the weather. The equity…

• Deleveraging Deception Continues

  Published 10 February 2014 | viewed 0 times

  I first wrote about the "Deleveraging Deception" back in September of 2010. Unfortunately, those that would have you believe the economy has paid down its…

• Markets Say Tapering Is Tightening

  Published 03 February 2014 | viewed 0 times

  Wall Street Cheerleaders like to claim that the tapering of Fed asset purchases is not equivalent to the tightening of monetary policy. But the markets…

• Prepare for Currency Chaos

  Published 28 January 2014 | viewed 0 times

  On November the 25th I published the following warning about the effects from the Fed's imminent tapering of asset purchases: "There is a good chance…

• Wall Street Welcomes Back Goldilocks

  Published 13 January 2014 | viewed 0 times

  Goldilocks is the term used by Wall Street to describe a nearly perfect environment for stock values to rise. The term is being used again…

• Gold Prediction for 2014

  Published 06 January 2014 | viewed 0 times

  Gold is a nearly perfect form of money. It is one of the few things on planet earth that contains all of the following attributes;…

• The Contrarian Trade of the Decade

  Published 30 December 2013 | viewed 0 times

  Mr. Bernanke, in a move made mostly to bolster his legacy, stated in his final press conference as Chairman of the Fed that he would…

• Taper=1987

  Published 16 December 2013 | viewed 0 times

  On Monday, October 18th 1987, the Dow Jones Industrial Average lost 508 points (22%). There are many theories as to why the crash occurred, but…

• Ten-Year Note Trades Near 6%; If Taper Is For Real

  Published 10 December 2013 | viewed 0 times

  The most important question for investors at this time is to determine how high interest rates will rise; if indeed the Fed's artificial suppression of…

• Money Supply Soars as Fed Eyes Taper

  Published 25 November 2013 | viewed 0 times

  The money supply as measured by M2 is now rising at a 12.1% annualized rate, which is causing the fickle Fed to renew its threats…

• A Requiem for The Bond Market

  Published 19 November 2013 | viewed 0 times

  The central banks of Japan and the U.S. are killing the private market for government debt. The massive and unprecedented bond-buying programs for Japanese Government…

• Bernanke's Broken Record

  Published 12 November 2013 | viewed 0 times

  By now we have all heard it many times before...the Fed's mantra about ending QE is starting to sound just like a broken record. Our…

• Obama Care and Inflation to the Rescue?

  Published 04 November 2013 | viewed 0 times

  The market averages continue to set record highs, as investors are forced by the Fed into stock market speculation due to artificially-suppressed interest rates. But…