Worldwide Debt Default – Michael Pento

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www.silverdoctors.com/precious

The yield curve will invert, leading to a shrinking of the money supply, and a recession later this year, Michael Pento of Pento Portfolio Strategy tells Silver Doctors.

He says bonds currently are the “most mispriced assets in the history of the world.” He sees a world wide default on debt coming.

See also  Credit Default Swap on the U.S. Debt...

The stock market is also in trouble. There is a confluence of events coming in the fall that will lead to a bear market like we haven’t seen in a decade.

See also  Evergrande's collapse has begun. The firm just entered technical default. by itself Evergrande is likely to default on more debt in value than the ENTIRETY of all assets that imploded during the entirety of the US subprime crisis.

How can small or medium investors navigate the coming crises? Stay tuned to find out!

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