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.
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See also OPEN for comment! ICE Clear Europe's New Game Plan: Futures and Options Default Management Policy '2.0'. The new policy would clarify and enhance certain practices relating to hedging strategy following a default and set out the key factors to consider in declaring and managing an Event of Default.
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.
How can small or medium investors navigate the coming crises? Stay tuned to find out!