{"id":31381,"date":"2018-02-21T14:30:07","date_gmt":"2018-02-21T19:30:07","guid":{"rendered":"http:\/\/olduvai.ca\/?p=31381"},"modified":"2018-02-21T14:30:07","modified_gmt":"2018-02-21T19:30:07","slug":"money-manager-the-chaos-coming-to-the-markets-is-here","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=31381","title":{"rendered":"Money Manager: \u2018The Chaos Coming To The Markets Is Here\u2019"},"content":{"rendered":"

Money Manager: \u2018The Chaos Coming To The Markets Is Here\u2019<\/a><\/h3>\n
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Money manager Michael Pento says that profound chaos surrounding the economy is coming. The insolvency is becoming clear, and soon, we will no longer be able to sweep the problem under the rug.<\/p>\n

Sitting down with USA Watchdog\u2019s Greg Hunter, Pento discussed the chaos people predicting in the markets and says that it\u2019s already here. Pento is the author of the book titled The Coming Bond Market Collapse<\/em><\/a>, as well as a financial expert and he says the media is lying when they say the economy is doing well.<\/p>\n

\u201cThere are so many things that can go wrong with rising interest rates.\u00a0 First of all, you have to understand that the permabulls that you hear on CNBC will tell you there is nothing wrong with rising interest rates.\u00a0 It is a symbol of growth.\u00a0 If you look at industrial production and retail sales for January, they were negative.\u00a0 So, rising rates are occurring, not because of growth, they are caused by insolvency concerns.\u00a0 That is the key metric here, and they are credit risks and insolvency concerns<\/strong>.\u201d<\/p><\/blockquote>\n