Michael Pento

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Michael Pento

Michael Pento is the President and Founder of Pento Portfolio Strategies, produces the weekly podcast called, “The Mid-week Reality Check”, is Host of The Pentonomics Program and Author of the book “The Coming Bond Market Collapse.”

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Recession now or stagflation forever

(Kitco Commentary) - The labor market is clearly weakening. But in reality, this is what needs to happen. Short-term pain is needed to reconcile the great imbalances created by decades of free money. The alternative is intractable inflation that renders the middle class into penury.

Sep 16, 2024 - 11:02 AM

When will the boom/bust rollercoaster end?

(Kitco Commentary) - How can we know for sure the stock market is in a bubble? NVIDIA (NVDA) has been up 155% year to date; its market cap is over $3 trillion.

Jun 14, 2024 - 2:29 PM

Economy slowing slipping into recession, but not there yet

(Kitco Commentary) - The recent spate of economic data continues to point to a weakening economy, but one that is not yet precipitously falling into recession.

May 23, 2024 - 3:09 PM

Bond market's mirror image

(Kitco commentary) - According to the Congressional Budget Office, the U.S. government posted a $225 billion budget deficit for June, up 156% from a year earlier.

Jul 28, 2023 - 1:34 PM

QE-light forestalls crisis...for now

(Kitco commentary) - First Quarter GDP increased at only a 1.1% seasonally adjusted annual rate. That was down from 2.6% in Q4 of last year, which was down from 3.2% during Q3.

Apr 28, 2023 - 1:01 PM

Destabilizing debt ensures the crisis has just begun

(Kitco commentary) - The debt-disabled U.S. economy cannot withstand the surge in borrowing costs, and the reduction in money supply growth necessary to combat the record-high inflation suffered over the past few years.

Apr 17, 2023 - 4:47 PM

Four reasons why the january rally will falter

(Kitco commentary) - Inflation is supposedly on its way to falling gently back to 2% like a fluffy snowflake while the US economy roars ahead. Or at least that is what the deep state of Wall Street needs you to think.

Feb 09, 2023 - 1:35 PM

Powell's Put: out of money and time

(Kitco commentary) - Despite all the fanfare and cheerleading you hear in the MSFM, the recent bounce in equity prices has just been a rather pedestrian bear market rally.

Aug 23, 2022 - 12:22 PM

Recession Question Answered

(Kitco commentary) - President Joe Biden, Treasury Secretary Janet Yellen, the entirety of the money printers who inhabit the Federal Reserve and virtually all of the deep state of Wall Street are still busy trying to convince you that a recession is unlikely.

Jun 29, 2022 - 2:16 PM

Powell's crash landing

(Kitco commentary) - Wall Street, we have a margin problem. Shares of Target (TGT) fell by 25% on Wednesday the 18th as their margins shrank by the same amount. TGT margins collapsed due to higher input costs, overstocking and overstaffing.

Jun 29, 2022 - 2:16 PM

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