Michael Pento: Liquidity Crunch To Usher In A Hard Landing Later This Year
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-Michael Pento predicts a "liquidity crunch" causing a severe economic downturn in the coming months, due to disinflation and slowed growth. This could lead to negative nominal prints for Q2, Q3, and Q4 of 2023, signaling an official recession and significant fall in financial averages.
Pento observes an over-leveraged global economy, fueled by "free money" and low interest rates, leading to record inflation and asset bubbles. He indicates that non-financial business debt is now 75.8% of GDP, higher than before the global financial crisis.
According to Pento, we're moving from rapid inflation to disinflation, primarily due to a decrease in money supply growth rate. The Federal Reserve's policy of money printing and loan encouragement has led to this shift.
The Federal Reserve's increase in federal funds rate and contraction of bank lending standards following the banking crisis has contributed to the economic tension. With the current debt levels, Pento suggests that the economy could be more vulnerable to rising interest rates.
Pento's model predicts that the current disinflation will transition into deflation and recession in the near future. He suggests using a five-sector investment strategy based on the inflation spectrum for financial positioning during these changing economic conditions.
Visit Michael at pentoport.com/
Or call (732) 772-9500 or email mpento@pentoport.com
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Пікірлер: 443
PENTO is one of the few guests who doesn’t need Adam’s questions and great summaries.
@ciarancoyne9104
Жыл бұрын
Thanks a mill boys🙏🏻
@zpotatoes7923
Жыл бұрын
Confused he's saying inflation will be sticky in the first half then switches to saying we're heading for deflation and recession. So inflation won't be sticky? What am I missing?
@michaeldonnellan8630
Жыл бұрын
He does have that and deserves it
I will listen to Pento whenever he shows up. Great communicator. Thanks for the interview!
Infinite Thanks to Michael Pento! By far my favorite Analyst that you bring to this channel. His honesty and generosity is unmatched!
@michaeldonnellan8630
Жыл бұрын
I completely agree
@WilliamBenedict
Жыл бұрын
@@michaeldonnellan8630 I agree too.
I know Wealthion can't get great guests EVERY time, but getting someone like Pento goes a long way in keeping Wealthion a top show.
@massonh7476
Жыл бұрын
Totally agree
@stevehughes3984
Жыл бұрын
Ha ha A backhanded compliment if ever I heard one
@SunofYork
Жыл бұрын
@@stevehughes3984 You don't sweat much for a fat girl ....... would you like to dance ?
I've seen three Pento interviews in the last week. I like him enough to hear him repeat himself yet again, but that's rare. 😉
Wealthion is by far my favorite podcast. Common sense economics for investors looking for safety and cash flow.
Michael Pento is a true no bullshit analyst. He truly has the gift of precisely laying out step by step of whatever the topic is.
@sunzeneise
Жыл бұрын
Pento has a well-order intellect.
Pento is a Top Gun in the industry . I always learn when he is on: Well Done
@tomsettles6873
Жыл бұрын
Except that he's always wrong.
It's Michael Pento, so of course I give this video a thumbs up!
Pento is a real student of the market. Whenever I listen to him feels like I'm back in economics class in college. You better take notes!
When this guy talks, I listen!
Sincere, wicked smart, unusually generous in sharing insights honed over 32 years. I remember when Michael was on the trading floor and was the go to trader sought by financial networks to explain the just-ended session. And he did just that but also provided a context, savvy trading ideas, and an astonishing historical sense which distinguishes him to this day. Thank you Michael
@angershark88
Жыл бұрын
This kind of info is neat to hear!
Pento and Druckenmiller are the only finance talking heads worth listening to. Pento is the best guest on this show by a country mile.
Epic thanks to Mr. Pento. His discussion and chart gives me a compass to navigate the horrifically complicated financial markets I find myself in. Thanks to Wealthion/Adam as well for hosting him.
Golden episode! Thanks Adam. Pento is the real deal.
My favorite wealthion guest.
Michael Pento is awesome. He is clear, not sentimental. Reminds of one or two good lawyers I have had who did not BS me.
Pretty cool that he mentioned Nick Gerli's appearances on Adam's show, not to often you have guests who follow the show frequently enough to end up referencing another guest. Pento is awesome
Adam, I like Mr Pento, and especially this interview because thanks to you Mr Pento is going step by step his thought processes with charts. I think a live chat, where viewers can post questions in live chat would be awesome next time
Michel Pento is one of the very few professionals I would trust to manage my retirement funds
@WilliamBenedict
Жыл бұрын
I should send my money to Mr. Pento too. I am not very good myself.
Never heard of this guy but he was a fascinating guest, enjoyed how he took the occasional pause to let Adam speak! lol
Well done guys. Thanks for the educational content Mike and Adam. Wealthion is an amazing channel 👍😎
This guest is the best!!!! So analytical and interesting.
One of your best guests, so good to have him back!
Michael Pento, we love you too!
Excellent interview Pento is awesome as a truth teller. Waiting for a bubble in PMs.
Very excited to see Michael Pento back. Looking forward to what he has to day.
The best interview and analysis I have heard of the current environment. I am grateful to you for bringing Michael Pento to your channel and for the way you conducted this interview and to Michael Pento for his fact based presentation and for his generousity especially providing the summary chart. Looking forward to Part Two.
Great guest. Took a lot of notes. He gave more detail regarding his thesis than usual.
Pento: thank you for a fantastic interview! You are a generous man.
Awesome. Please bring back this gentleman again.
Phenomenal episode today!
Love you content Mr pento ! 🏄♂️🏄♂️🏄♂️
Wolf Richter yesterday and Michael Pento today? You KNOW its gonna get bad, now.😅😅
Thank you, Adam, for having Michael on!!!!
Kantro and Pento have been your best, most informative interviews all year, great stuff
I can't believe I got to watch this for free in high definition 🤯
Thanks to Adam and Michael for the continued work to educate and enlighten the common investor! 🎉😊
Fantastic, great analysis and thanks for sharing your sector rotation.
thank you Mr. Pento and Adam
Wonderfull expose Mr Michael Pento, very generous and highly useful for retirees like me and my wife. Under certain amounts we can’t have a major financial advisor. I’m surfing on precious informations like the ones you are giving to keep a confortable and fragile retirement assets afloot. I also appreciated your contribution on Saturday March 18th. And thank you Mr Adam Taggart for your original program.
Fantastic interview…thanks Adam and Michael! …looking forward to tomorrow!
You're really replacing Bloomberg as my first go to. No scripted, narrative bs, just greet interviews.
@deborahcurtis1385
Жыл бұрын
Bloomberg is turbo-charged nonsense disguised as relevant data and discussion. They always sound so convincing, but in reality it's not very much depth or careful consideration as is needed.
Thank you, Adam and Michael!
Love Mr. Pento, please have him back again soon, many thanks to both of you gentlemen!
WOW! Seriously, this guy is really on to it. Michael Pento is a name I'm going to remember. Fantastic macro overview. Thank you.
Thank you Michael Pento!! Love listening to you.
Monthly dose of Pento please.
👏👏👏 Standing Ovation!!! Great interview, great insights. Thank you for having Michael Pento on your channel.
Michael, always my favorite. Thanks
This was just a fantastic good and honest presetation. Thanks to Michael and Adam
best guest? BEST GUEST!. easy to follow.
I’m not picking on Mr. Pento, but I would love to see an interview with Adam where he goes back over the past 2-3 years and compares a pundit’s predictions to actually what has happened. I love Wealthion as it’s the best and most of the guests are stellar yet I don’t see any real accountability. Just saying and maybe it’s just me?
Thank You Adam for simplifying it for me 👍
Excellent!! Love to see The Market Sniper on as well some time
Amazing interview! Have him back on!!!! I will have to watch it again!
Pento and Danielle Dimartino Booth are my two favs. And they could be siblings lol No bs straight up talk. Love it.
Michael recently told me that he is "overweight" gold and is looking to up his holding to about 20%. That's interesting.
Great show! Thank you gentlemen
Love Wealthion! 👏🚨🎉
Great interview!! Thank you both.
YES BUBBLE!!! THIS IS THE EVERYTHING BUBBLE!!! NOW THE NVIDIA BUBBLE TOO!!!
So grateful. Your channel means so much to me. You have no idea !
If I had kids, I would let this man raise them! 👍
Michael is great for reminding us how distorted the global economy is in fundamental terms. But, of course, timing is everything. Inside the financial casino, the money is flowing and the gambling continues unabated.
@rubicon3416
Жыл бұрын
Exactly. Pento is right. But we keep getting away with it. The day of reckoning will come, but when?
@MichaelHarrington17
Жыл бұрын
@@rubicon3416 I believe that all depends on what kind of interventions will come from the central banks. They’ve become quite creative with their blank checks.
Another great interview Adam...Thank You!
Great interview. I like that you let Michael speak without interruptions.
Michael Pento is a great analyst!! Spectacular show!!
Poor Michael...he just needs more energy. LOL...thank you very much to both of you guys!!! I had DWSH last year and forgot all about it.
Outstanding Adam, thank you!
Michael thanks for explaining the economy so clearly.❤
Adam and Michael many thanks, stellar interview!
Thank You both 👍👍
Definitely one of my favorite guests to have on Wealthion.
Wow. Awesome one guys. Really just terrific chat. 👏🏻👏🏻👏🏻👏🏻👏🏻
Nothing but awesome 🙌🏾👏🏾
Michael is more than meets the eye. We are grateful that you connected with and invited to the show.
Adam this was an excellent hour. Thank you to you and Michael. Such amazing data and presentation.
Thank you Michael. Much appreciated.
We should rename the Stock Market, the Instant Market. We want instant profits, instant satisfaction, and instant wealth. This is what they sell us, and this is what we want. And what is driving all this? Our short life span on Earth.
@michaelfelli7661
Жыл бұрын
The problem isn't that we have billionaires. We've always had billionaires. The problem today is that we have billions and billions of people trying to become billionaires AT THE EXPENSE of the planet and social stability. No one seems to care.
@DoubleOhSilver
Жыл бұрын
It's also why we had PPP money. They just wanted to prop the stock market, not help people.
Great information...thanks so much 🇬🇧
Great interview…information! Depth. Thanks to both of you.
what a great interview. i follow each of michael pento, but this one is a must.
Mr. Direct Communicator. Michael Pento, I am so excited to see this.
Awesome guest. Mr Pento gives it straight. Love that.
Thank you both for the amazing content! This is arguably the best content covering the current economic challenges that we face today. He references the “not normal” feeling that some of us have and makes sense of a lot of it. Looking forward to part two!
Michael Pento - best info, best energy.
I like how this guy starts with lets cut the shit; but first lets define shit! Love it.
Always one of the best guests
Thanks Michael! And Adam!
Big thanks to Mike for sharing so much detail.
Thank you Michael and Adam!
Another great watch, thank you Adam.
Pento Rocks
Always a great guest. Ty
Thanks for the info and interview
Thank you Mr. Pento for the Investment Spectrum. Really helpful!
Brilliant as per usual. 👍👍🙏🙏🙏🙏
waiting for part 2...❤❤
Fantastic interview as always thanks