The Days of South Park Economics are Ending - Michael Pento

Summary:
It looks as if the great taper is upon us, and the market is starting to experience the predicted effects of this. Here to debrief the messy times we’ve found ourselves in is Michael Pento, who has been analyzing these trends for many years. Ultimately, the Federal Reserve has no choice but to combat inflation, and any approach inevitably contributes to the decline. Tune in for more.

Highlights:
-The market believes the Fed; the great taper is upon us and the market is experiencing its predicted effects
-With selling homes, you can essentially name your price and successfully sell it. This is partially because we’ve had negative interest rates for a long period of time
-Tesla, to the market, is what cryptocurrency is to Wall Street
-For a time, the Federal Reserve has no choice but to combat inflation
-The Federal Reserve’s balance sheet has gone up tremendously because of all the money printing
-They have to choose whether they want to destroy the economy with inflation, or destroy it by melting down asset classes
-The way that the government deals with these crises always leads to asset class implosions
-The second quarter of this year is only going to get rougher

Useful Links:
Financial Survival Network
Pento Portfolio Strategies
2022 Stock Crash & Metals Super Rally | Michael Pento
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