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Michael Pento

Michael Pento

Delta Global

Contributor since: 26 Feb 2010

Biography

With more than 16 years of industry experience, Michael Pento acts as chief economist for Delta Global Advisors and is a contributing writer for GreenFaucet.com. He is a well-established specialist in the Austrian School of economic theory and a regular guest on CNBC and other national media outlets. Mr. Pento has worked on the floor of the N.Y.S.E. as well as serving as vice president of investments for GunnAllen Financial immediately prior to joining Delta Global.

  • No Tears for Gold

    Published 27 March 2008 | viewed 4,681 times

    So, the word on the street -- both Wall Street and Main Street -- is that the rally is over for gold and other hard…

  • The Patchy Nature of this Credit Crisis

    Published 13 March 2008 | viewed 3,326 times

    The strange thing about myths is that while some have their basis in truth, for the most part they suffer from a dearth of reality.…

  • Treasuries vs. the CRB

    Published 05 March 2008 | viewed 3,800 times

    From 1980 until the spring of 2002, 10-year Treasury note yields held a positive correlation with the CRB index. Since 2002, however, there has been…

  • Food Inflation Set to Rise Further

    Published 27 February 2008 | viewed 3,815 times

    There was a clear consensus emanating from the annual U.S.D.A. Agricultural Outlook Forum, which I attended in Arlington, Virginia last week: most in attendance believed…

  • Don't Bet the Farm on Rate Cuts

    Published 21 February 2008 | viewed 3,615 times

    The black hole consisting of record consumer debt ($2.52 trillion), falling asset prices, elevated inflation and weakening job and income growth is pulling us inexorably…

  • Recession Debate Turns Toward Inflation

    Published 15 February 2008 | viewed 3,334 times

    The debate over the "R" word has been the focus on Wall St. for months on end. This obsession over whether the degree of the…

  • 7 Reasons Why the Bond Market is Wrong on Inflation

    Published 06 February 2008 | viewed 5,123 times

    There is no shortage of market gurus on Wall St. who will tell you that inflation is low. The main evidence for their argument stems…

  • Housing's a Mess, But be Careful Fighting the Fed

    Published 31 January 2008 | viewed 4,636 times

    It has been two years since the bursting of the housing bubble began, but we can still hear a plethora of lunacy spewed from market…

  • Paulson Vs. The Free Market

    Published 05 December 2007 | viewed 3,911 times

    Joining the Fed's effort to meddle with the free market is Treasury Secretary Hank Paulson and his plan to rescue the housing market. The essence…

  • Is This Rally for Real?

    Published 30 November 2007 | viewed 3,723 times

    The U.S. stock market had its biggest two-day advance in the last five years, sending the S&P 500 up 4.4% since Tuesday. The questions investors…

  • Stagflation-Proof Yourself with Agriculture, Part II

    Published 04 October 2007 | viewed 3,645 times

    In addition to monetary inflation, which I wrote about in part one of this series, another well known-driver for the higher prices in agricultural commodities…

  • Bernanke Grounded -- for Now

    Published 14 August 2007 | viewed 4,596 times

    The head of the Federal Reserve has so far not lived up to his moniker of "Helicopter Ben." Unlike what his label suggests, Mr. Bernanke…

  • The Next Great Inflation Hedge

    Published 25 July 2007 | viewed 3,799 times

    The best way to protect your wealth from the ravages of inflation is to invest in a tangible asset whose supply cannot be increased at…

  • A Pyrrhic Victory for the Fed

    Published 13 June 2007 | viewed 4,759 times

    The recent sell-off in equity prices illustrates how vulnerable markets are to higher interest rates. It is my contention that the catalyst for the correction…

  • A Global Game of Chicken

    Published 21 May 2007 | viewed 4,168 times

    Central banks across the globe have succeeded in creating a worldwide bull market in most asset classes and we now approach a watershed moment in…

  • Gold: More than Just a TIP

    Published 20 April 2007 | viewed 3,576 times

    It is still common for market commentators to denigrate gold as a relic of little value. They claim that since it offers no dividend its…

  • A Fixed Income Shock Looms

    Published 05 April 2007 | viewed 5,427 times

    First it was the NASDAQ stocks in 2000, then real estate prices, and now the third leg of this asset price correction is at the…

  • Sell-off Fundamentals, Two Weeks Later

    Published 12 March 2007 | viewed 4,119 times

    Nearly two weeks removed from the "scary" 500 point Dow drop, Wall St. Strategists have been correct thus far in saying the slide had nothing…

  • Why There's No Recession

    Published 27 February 2007 | viewed 4,866 times

    Following up on today's lackluster durable goods report, tomorrow's 4th quarter GDP report may be significantly lower than the 3.5% advanced number due to inventory…

  • Gross Analysis

    Published 24 January 2007 | viewed 4,366 times

    When the most esteemed market strategists espouse questionable economic theories, they should not be able to do so without being exposed to critique. Recently, two…