Mr. Pento graciously outlines his current portfolio-strategy in detail for the listening audience.
One of the few economic pundits to correctly anticipate the market plunge of 2018 on record.
Gold and utilities remain favorite long positions, while he is comfortable with a short position in long-term Treasuries.
Mr. Pento crushes the opposition on the trade war debate.
The Administration's tax increases on imports have actually boosted domestic GDP, contrary to popular consensus.
Only if the proposed 15% increase in new tariffs on China remains in full effect for a year will GDP suffer.
Meanwhile, global central banks printed roughly $15 trillion in debt IOUs while plunging real interest rates negative for the first time in recorded history, just to salvage the financial markets from the Great Recession.
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Guest Bios
Michael Pento
Pento Portfolio Strategies
Mr. Michael Pento serves as the President and founder of Pento Portfolio Strategies. This Registered Investment Advisory Firm (RIA) is designed to operate like an actively managed fund, but without all the expenses. Our firm operates two distinct portfolios. The Inflation/Deflation Hedged Portfolio focuses our trading strategy towards the secular trend of rising inflation, but we don't hold a static portfolio. The fund uses proprietary macroeconomic models and technical analysis to move between inflationary and deflationary strategies designed to profit from shifts in the domestic and global economy.
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