Michael Pento Blog

Gold Rush

2011-07-14T13:33:00.000-07:00

"Gold may surge to a record $2,000 an ounce next year if the Federal Reserve starts a third round of U.S. debt purchases to boost the economy"

Money Printing

2011-07-14T13:28:00.000-07:00

"Bernanke thinks the answer to everything is money-printing"

"He thinks that’s what saved us from the Great Depression part two and that’s what could have saved us from the Great Depression part one. He’s doing what he said he would do, which is print money.”

“I can’t fathom the logic”

Look Before You Leap

2011-07-11T20:13:00.000-07:00

"Italy isn’t Greece. Greek debt is just under $400 billion, while Italy has $1.7 trillion. And yields on Italian debt are soaring, so that debt load is about surge along side."
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The True Message of the Bond Market

2011-07-08T10:33:00.000-07:00

Isn't it remarkable how complacent bond market investors are about the chances of a default on U.S. debt. In fact, there are many reasons why the yield on the Ten year note should be trading at yields much higher than what we see today, over and above the specter of Congress failing to raise the debt ceiling.

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Psychology of Bond Investors

2011-07-07T15:56:00.000-07:00

We argue that as the United States takes on ever more debt and prints greater quantities of dollars, that buyers of our debt will demand higher rates of interest to compensate for greater risk. In fact, our philosophy leads us to believe that rates would currently be spiking as Washington debates whether to raise the debt ceiling yet again or default on existing debt. Instead, rates are hitting close to multi-year lows. As a result, our critics have found a seemingly valid issue. However, we believe that there are strong market reasons that are holding rates low for now that do not invalidate our central thesis.
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Fox News: Michael Pento

2011-06-30T00:21:00.000-07:00

EuroPacific Capital's Michael Pento is set to make
an appearance on Fox's July 5th, 2011
Bulls and Bears show.

The broadcast will be aired at 4:00 pm EST.

--Euro Pacific Capital Inc.

Inflating Away America's Future

2011-06-24T19:24:00.000-07:00

Americans are suffering from a lack of adequate savings to fund a comfortable retirement. Our growing debt burdens virtually assure us that the lofty living standards of today will soon be nothing more than a long forgotten memory.
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The Extinction of Retirement

2011-06-15T09:00:00.000-07:00

For many Americans, the traditional idea of a comfortable retirement, filled with golf carts, cruises, and fishing trips, is going the way of the dodo bird.
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May Jobs Report Terrible; Stimulus Game is Up?

2011-06-03T09:00:00.000-07:00

“I’m not surprised at all. You’re seeing the effect of stimulus starting to wear off…This is just the beginning. You’re going to have a lot of these disappointing numbers.”
-- International Business Times

Negative Numbers Have Economists Staring in Headlights

2011-06-02T09:00:00.000-07:00

Yesterday’s release of the ADP and ISM data has most economists staring at the numbers in disbelief like they were deer in headlights. Their mantra had been that the U.S. was in a genuine recovery. But that notion is now being squelched by a thunderous cacophony of falling economic numbers.
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