'Grand Reconciliation of Asset Prices' as Chaos Erupts with Michael Pento

Interview recorded - 4th of December, 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. During this conversation we spoke about the current market outlook, why the market is dangerous, cutting government costs, is inflation an issue, asset bubbles, whether the middle class can be saved and more. I hope you enjoy! 0:00 - Introduction 0:59 - Market outlook 2:38 - Why is the market dangerous? 8:06 - How does the US get out of this? 9:43 - Cutting government costs? 11:36 - Inflation an issue? 20:28 - 3 Asset Bubbles 22:58 - Which sectors benefitting? 25:08 - Next stage 24:53 - Can the middle class be saved? 27:53 - One message to takeaway from conversation? 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. Michael Pento -  Website - https://pentoport.com/ Twitter - https://twitter.com/michaelpento?lang=en LinkedIn - https://www.linkedin.com/in/michael-pento-a1882917b/ WTFinance  Instagram - https://www.instagram.com/wtfinancee/ Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4 Twitter - https://twitter.com/AnthonyFatseas