The stock market today, at 170% of GDP, is not in any regard reflective of the underlying conditions of global central banks tightening into a worldwide recession. This statement from Michael Pento, our guest this week on Retirement Lifestyle Advocates radio. Your host, Dennis Tubbergen, talks with Pento about the comparison of today’s equities market to the 140% gap in the 2000 tech stock bubble, the 104% gap in the 2008 real estate bubble, and the potential for a deflationary depression.
Michael Pento is the President and Founder of Pento Portfolio Strategies with more than 27 years of investment experience. He was the portfolio creator and consultant to Delta/Claymore's commodity portfolios that raised more than $3 billion, distributed through Claymore/Guggenheim's sales network. He produces the weekly podcast “The Mid-Week Reality Check” and is the author of the book “The Coming Bond Market Collapse.”
For more information about our guest Mr. Michael Pento, please visit http://pentoport.com.