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Extreme Debt Levels to "Wipe out Middle Class" with Michael Pento

Interview recorded - 7th of May, 2024 On this episode of the WTFinance podcast I had the pleasure of welcoming back Michael Pento. Michael is the President & Founder of Pento Portfolio Strategies. Michael Pento serves as the President and Founder of Pento Portfolio Strategies (PPS). PPS is a Registered Investment Advisory Firm (RIA) that operates like an actively managed fund without all the expenses. The Model Portfolio uses a proprietary macroeconomic model to determine when and how to invest across an inflation/deflation and economic cycle spectrum. The 20-component model is used to determine the two most important factors when it comes to successful investing: the second derivatives of growth and inflation. 0:00 - Introduction 2:07 - Current outlook on the markets? 4:49 - Why is economy looking strong? 7:25 - Global economy 9:47 - FED have to drive economy into ground? 10:51 - Surprised that FED is dovish? 18:28 - How is Michael positioning himself? 20:18 - What will the FED do? 24:35 - One message to takeaway from our conversation? Michael Pento - Website - https://pentoport.com/ Twitter - https://twitter.com/michaelpento?lang=en LinkedIn -   / michael-pento-a1882917b   WTFinance Instagram -   / wtfinancee   Spotify - https://open.spotify.com/show/67rpmjG... iTunes - https://podcasts.apple.com/us/podcast... Twitter -   / anthonyfatseas   Thumbnail image from - https://fortune.com/recommends/bankin...

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