Posted on 10/06/2023 9:55:14 AM PDT by appeal2
Michael Pento discussed the current state of the bond market and warned of the potential collapse of the US dollar due to the erosion of faith in the world’s reserve currency. He advised investors to sell long duration bond exposure and invest in short term US government debt. Pento also discussed the inflation and GDP acceleration, as well as China and Japan’s selling of US treasuries. He warned of the massive issuance and supply of US debt and questioned who will buy it, as the Federal Reserve is no longer buying and is instead selling their balance sheet, adding to the supply from China and Japan.Click here to watch to the interview
Everything will be fine, they will just print more money when we need it. And besides, 80 million people voted for this so they didn’t have to endure any mean tweets from a bad orange man in the White House.
Next year the economy will come to a screeching halt, Trump will be elected.
And be blamed.
Some guy I never heard of says on a financial site I never heard of, by a reporter I never heard of.
Yep. It is a new kind of phishing.
They use click-bait phear-porn to cast a very wide net.
It’s being said in more and more places by more and more people.
“Yes we have arrived at that moment, where the debt suddenly rises so fast and becomes unsustainable.”
************
Like a lot of things, slowly and then suddenly. Unsustainable and unpayable.
And the debt is on top of the unfunded liabilities which dwarf the debt by comparison.
Bond Market just catching up, it’s been behind.
The economic Ninja has been ahead of this for months now, warning of these exact same things. He is also available on Rumble now.
Stopped reading right there.
The rampant demand for the Eurodollar right now shows that nations can't get enough dollars for international settlement during this global period of monetary deflation.
More like ‘repairing’ the bond market for the future, much to the chagrin of cheap money pimps who want a continuation of current self destructive economic policies.
Cheap money leads to bad investments,redundant companies, make work employment, a weak currency, high real estate valuations, & bloated equities.
There will be some economic pain, but it has to be done.
He's a nobody.
“”””Michael Pento discussed the current state of the bond market and warned of the potential collapse of the US dollar due to the erosion of faith in the world’s reserve currency. He advised investors to sell long duration bond exposure and invest in short term US government debt.””””
Hey, Michael Pento, you are kinda late giving advise to investors to sell their long term bonds.
For the fools who bought a 30 year T-Bond in 2021 at par of 100, today that 30 year bond is selling for 52 cents.
Meanwhile, the stock market is behaving like everything is looking rosy.
October 2023 is promising to be interesting in the financial markets.
“””Cheap money leads to bad investments,redundant companies, make work employment, a weak currency, high real estate valuations, & bloated equities.”””
Economic recessions are necessary to clean out the shysters who create this garbage when money is cheap.
“Meanwhile, the stock market is behaving like everything is looking rosy.”
Yes...thanks to that FANTASTIC (but false) jobs report today!
When daily activity begins having large swings day-to-day then that's a sign of coming economic peril. Games are being played.
Watch the Nikkei is you really want to see this in action. Down 711 one day. Up over 500 the next.
a company goes bankrupt slowly and then suddenly
the slowly is the company making the same mistake over and over again
the suddenly is when outside parties(creditors) put a stop to it
The shysters (banksters) are the ones who allow the asset bubbles on purpose then pull the rug from the common idiots - gathering the underlying assets of the promissory notes and creating yet another largest transfer of wealth in world history.
History repeats. This one will be worse than 2007/08.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.