Michael Pento

Delta Global

Contributor since: 26 Feb 2010

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• The Anti-Reagan/Volcker Revolution

  Published 14 January 2009 | viewed 4,411 times

  With over 2.5 million jobs lost in 2008 and G.D.P. estimates for Q4 projected to fall at a minus 6% annual rate, all hopes are…

• Is the U.S. a Banana Republic?

  Published 02 January 2009 | viewed 5,148 times

  Well, agriculturally speaking the answer is no: the United States has minimal banana production and the four leading exporters of the fruit are all located…

• Bond Bubble Hits Manic Stage

  Published 12 December 2008 | viewed 4,716 times

  This week marked the beginning of what I believe is the manic bubble stage in the nearly three decade long Treasury bull market. On Monday,…

• Inflation is No Cure for a Recession

  Published 25 November 2008 | viewed 5,149 times

  There are some in our government who claim that we face a possible depression if we do not engage in a massive amount of deficit…

• Four Words Obama Will Never Say

  Published 13 November 2008 | viewed 4,594 times

  Will the new Obama administration offer a solution to our country's short and long term fiscal imbalances? I'm willing to bet four words you will…

• The Debt vs. Interest Rate Conundrum

  Published 16 October 2008 | viewed 3,472 times

  I've written before about the dramatic rise in fixed income rates that face investors in the very near future due to the funding issues associated…

• Porky the Bailout Bill

  Published 08 October 2008 | viewed 3,485 times

  Buried in the bailout bill signed into law on Friday was a plethora of tax incentives and increases in government intrusion into our privacy. Following…

• How to Make a Bad Deal

  Published 20 September 2008 | viewed 3,941 times

  I hope those who want to sharpen their skills at the art of negotiations are watching Hank Paulson and learning exactly what not to do.…

• The Picture Must Get Uglier Still

  Published 17 September 2008 | viewed 6,518 times

  Despite the incessant, nauseating calls for a bottom in real estate and banks, financial firms now find themselves in their most vulnerable conditions since the…

• A Quantum Leap Toward Socialism

  Published 10 September 2008 | viewed 5,645 times

  Unfortunately, we Americans now realize that the decision by Ben Bernanke to slash the Fed Funds rate to 2% (a three hundred twenty five basis…

• GSEs: Too Big to Survive

  Published 28 August 2008 | viewed 1,751 times

  Wall Street's recent mantra -- emblematic of its support for bailouts, especially of financial firms -- is that Fannie Mae (NYSE: FNM) and Freddie Mac…

• A Legacy of Inflation

  Published 31 July 2008 | viewed 2,839 times

  It amazes me how many investors are now concerned about a deflationary spiral occurring in commodity prices. They site oil prices that are slightly off…

• Bailouts and Bazookas

  Published 25 July 2008 | viewed 1,578 times

  I know it's hard to believe but Treasury Secretary Hank Paulson is a Republican. It was especially hard to keep that in mind during his…

• The Mysterious Ways of Bond Investors

  Published 01 July 2008 | viewed 4,238 times

  It has become apparent to me that investors who continue to place money in the U.S. Treasury market don't have any idea how to protect…

• The McDonalds Falling Dollar Menu

  Published 30 May 2008 | viewed 3,695 times

  McDonalds Corp (MCD) held its annual meeting last Thursday, May 22nd, and stated it has no plans to tamper with its highly successful dollar menu,…

• Getting Real with GDP

  Published 19 May 2008 | viewed 3,352 times

  With the release of last week's Consumer Price inflation numbers, the debate over the accuracy of the government's reported Consumer Price Index data was once…

• Will the Fed's Rollercoaster Ride Save the Dollar?

  Published 30 April 2008 | viewed 2,835 times

  Why we Americans ever abdicated our financial freedom to a group of 12 unelected individuals who sit on the Federal Open Market Committee, is beyond…

• "Hallelujah" for the Falling Dollar?!

  Published 24 April 2008 | viewed 3,503 times

  Hallelujah, of course, is a word of praise. To use that word to describe the fact that the USD has lost 40% of its value…

• No Bubbles in Riotville

  Published 17 April 2008 | viewed 4,129 times

  All investors have become contrarians and are now experts in being able to spot bubbles. Hence, they all are fully aware that a bubble exists…

• Where's the "Protection" in TIPS?

  Published 03 April 2008 | viewed 2,956 times

  Every investment product on planet earth is designed to at least offer a chance at a positive, real after-tax return. Put another way, all investments…