Michael Pento

Delta Global

Contributor since: 26 Feb 2010

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• No Tears for Gold

  Published 27 March 2008 | viewed 4,850 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 3,495 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 3,973 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 3,976 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 3,770 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 3,489 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 5,291 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 4,768 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 4,074 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 3,878 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 3,811 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 4,710 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 4,003 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 4,906 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 4,299 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 3,750 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 5,575 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 4,277 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 5,024 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 4,555 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…