Michael Pento

Wall Street has changed the narrative from an economy that will probably undergo a just a soft landing, to one that will now experience no landing at all. This specious propaganda is derived from the...

Inflation is supposedly on its way to falling gently back to 2% like a fluffy snowflake while the US economy roars ahead. Or at least that is what Wall Street needs you to think. However, the US...

Fed Chair Jerome Powell remains unimpressed with the reduction of the rate of inflation; down to 7.1% in November, from 9.1% in June. The Summary of Economic Projections shows a desire of the Fed to...

The cornerstones in my Inflation/Deflation and Economic Cycle Model are changes made to fiscal and monetary policies. Those are the two most determinant factors in any fiat-currency and debt-based...

This latest bear-market bounce was predicated on good seasonality, the hopes for a typical mid-term election boost and the rumors of a Fed pivot. Wall Street always finds a narrative for rallies in a...

The effective overnight interbank lending rate is now 3.08%. It was just 0% a little over six months ago. According to the Fed’s current plans, the Fed Funds Rate (FFR) is heading to at least 4% by...

People tend to hear what they want to hear and believe what they need to believe. In no place is this more true than on Wall Street. The Fed has made abundantly clear that it will tighten monetary...

Despite all the fanfare and cheerleading, the recent bounce in equity prices has just been a rather pedestrian bear market rally. Bull markets are not engendered by a faltering global economy, very...

President Joe Biden, Treasury Secretary Janet Yellen, the entirety of the money printers who inhabit the Federal Reserve, and virtually all of the deep state of Wall Street are still busy trying to...

Bear market bounces are violent yet short-lived. The latest excuse for an oversold rally was provided by JP Morgan's Jamie Dimon. The bank's CEO stated at Morgan's Investor Day Conference on Monday,...