{"id":58809,"date":"2021-07-29T07:33:15","date_gmt":"2021-07-29T12:33:15","guid":{"rendered":"https:\/\/olduvai.ca\/?p=58809"},"modified":"2021-07-29T07:33:15","modified_gmt":"2021-07-29T12:33:15","slug":"michael-pento-first-disinflation-then-deflation-then-big-time-inflation","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=58809","title":{"rendered":"Michael Pento: First Disinflation, Then Deflation, Then Big-Time Inflation"},"content":{"rendered":"<header class=\"ArticleFull_header__11o5_\">\n<h3 class=\"ArticleFull_title__2cUI6\"><a href=\"https:\/\/www.zerohedge.com\/markets\/michael-pento-first-disinflation-then-deflation-then-big-time-inflation\">Michael Pento: First Disinflation, Then Deflation, Then Big-Time Inflation<\/a><\/h3>\n<\/header>\n<div class=\"NodeContent_mainContent__38L44\">\n<div class=\"NodeContent_body__2clki NodeBody_container__1M6aJ\">\n<p><em><strong>Suddenly investors are panicked that (<a href=\"https:\/\/www.zerohedge.com\/markets\/not-transitory-inflation-fears-are-soaring-across-america\">hyper)inflation\u00a0<\/a>is taking over.<\/strong><\/em><\/p>\n<p>But what if they\u2019re mistaken? That could be a costly mistake if they&#8217;re betting their portfolio\u2019s future on it. Because there\u2019s a strong case to be made that we\u2019re now actually entering a period of dis-inflation, one that has a high risk of tipping into outright deflation by next year.<\/p>\n<p>To argue this, investment manager Michael Pento, who pulls no punches, joins Wealthion for this video explaining why\u00a0<strong>the Fed and Congress don\u2019t currently have sufficient air cover to continue the same magnitude of stimulus the market is now addicted to<\/strong>\u00a0&#8212; and thus won\u2019t be able to resume it until after the next painful market correction arrives.<\/p>\n<p>Michael then proceeds to explain\u00a0<strong>why the bond market is such a ticking time bomb right now for investors<\/strong>.<\/p>\n<p>And, of course, he shares his views on his favored asset classes for each stage of the upcoming progression he sees:<\/p>\n<blockquote><p><strong>1. first disinflation, then&#8230;<\/strong><\/p>\n<p><strong>2. outright deflation, and then&#8230;<\/strong><\/p>\n<p><strong>3. a hugely inflationary response from our central planners<\/strong><\/p><\/blockquote>\n<p>Watch the full interview below:<\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/NKfOekbax6A\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Michael Pento: First Disinflation, Then Deflation, Then Big-Time Inflation Suddenly investors are panicked that (hyper)inflation\u00a0is taking over. But what if they\u2019re mistaken? That could be a costly mistake if they&#8217;re betting their portfolio\u2019s future on it. Because there\u2019s a strong case to be made that we\u2019re now actually entering a period of dis-inflation, one that [&hellip;]<\/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":[31555,202,10520,1849,413,426,500,18807,1796,3650,31556,4318],"class_list":["post-58809","post","type-post","status-publish","format-standard","hentry","category-economics","tag-adam-taggert","tag-deflation","tag-disinflation","tag-financial-markets","tag-hyperinflation","tag-inflation","tag-market-collapse","tag-michael-pento","tag-us-congress","tag-us-federal-reserve","tag-wealthion","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58809","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=58809"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58809\/revisions"}],"predecessor-version":[{"id":58810,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58809\/revisions\/58810"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}