{"id":46015,"date":"2019-05-08T12:37:01","date_gmt":"2019-05-08T17:37:01","guid":{"rendered":"https:\/\/olduvai.ca\/?p=46015"},"modified":"2019-05-19T08:40:20","modified_gmt":"2019-05-19T13:40:20","slug":"artificial-fragile-market-very-dangerous-michael-pento","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=46015","title":{"rendered":"Artificial & Fragile Market Very Dangerous \u2013 Michael Pento"},"content":{"rendered":"\n

Artificial & Fragile Market Very Dangerous \u2013 Michael Pento<\/a><\/h3>\n\n\n\n
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By Greg Hunter\u2019s USAWatchdog.com<\/a><\/strong><\/p>\n\n\n\n

Money manager Michael Pento says don\u2019t confuse a near record high stock market with strength and resiliency. What we have is just the opposite, as Pento explains, \u201cThere are some people who will listen to this and say, \u2018Hey Mr. Pento, why are you such a Cassandra? Why are you so down? Don\u2019t you know that the stock market is doing great? Don\u2019t you know that I have a job?\u2019 But here\u2019s the thing, the entire edifice, the entire construct is artificial. It is controlled by governments and central banks. Hence, it is much more fragile, infinitely more fragile than if it was dictated by the free market. . . . This has to end badly because the distortions have to be reconciled. It was once okay to have recessions and corrections in the stock market when the stock market was not the economy, but asset prices have become the economy. Therefore, they lead the economy and they don\u2019t follow the economy. Yes, this is going to end badly I am sorry to say.\u201d<\/p>\n\n\n\n

What will knock this market back to reality? Pento says, \u201cYou will eventually get a recession or eventually you will get inflation. You might just get both. You might just get a huge case of stagflation to hit this country and around the world. That\u2019s what I am most afraid of.\u201d<\/p>\n\n\n\n

In closing, Pento warns, \u201cJapan has no growth. There is no growth in Germany. There is no growth in Italy. We have an earnings recession here in the United States. So, what you have engendered here is most likely a protracted period of stagflation, which is going to lead to an epic and massive crash in asset prices. That\u2019s what you have at your feet, so be careful.\u201d<\/p>\n\n\n\n

 \u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Artificial & Fragile Market Very Dangerous \u2013 Michael Pento By Greg Hunter\u2019s USAWatchdog.com Money manager Michael Pento says don\u2019t confuse a near record high stock market with strength and resiliency. What we have is just the opposite, as Pento explains, \u201cThere are some people who will listen to this and say, \u2018Hey Mr. Pento, why are […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1726,8757,9699],"class_list":["post-46015","post","type-post","status-publish","format-standard","hentry","category-economics","tag-asset-prices","tag-greg-hunter","tag-usa-watchdog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46015"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46015\/revisions"}],"predecessor-version":[{"id":46016,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46015\/revisions\/46016"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}