Monday, June 19, 2017

Michael Pento Issues Warning: Stock Market Crash by Year End

Sprott’s Michael Pento Joins Us For A BOLD Prediction…

Michael Pento forecasts a stock market crash and beginning of a recession by the end of the year or early next year…

The inversion of the yield curve (when short-term interest rates yield more than longer-term rates) has correctly predicted the last seven recessions going back to the late 1960’s. Pento says this kind of inversion is happening now. With interest rates still extremely low, the Fed will have few options but to balloon the money supply. Inflation hear we come!

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