Michael Pento: Federal Reserve Is Hiking Interest Rates into a Depression

[youtube=https://www.youtube.com/watch?v=H5tVJszeeMU]

• Published on Jun 17, 2017
  Jason Burack of Wall St for Main St interviewed returning guest, author and President & Founder of Pento Portfolio Strategies http://www.pentoport.com/, Michael Pento.
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  Michael’s book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market is available here on Amazon https://www.amazon.com/The-Coming-Bon… or on Audible audio book.
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  Michael is a follower of the Austrian School of Economics or free market school of economics and he’s also worked in the financial industry for many years as a trader and Chief Economist.
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  Due to technical problems with Skype and scheduling conflicts this interview was originally recorded on Tuesday, the call was dropped after about 14 minutes and a continuation of the interview (after the Fed’s decision to hike rates another 25 basis points later in the week) has not been able to be rescheduled yet.
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  During this shortened interview, Michael talks about the Federal Reserve ignoring reality, looking at phony jobs numbers and continuing to hike interest rates into a worsening depression.
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  Michael thinks the bond bear market may temporarily get a relief rally if the stock market crashes in the near future as capital temporarily goes into US Dollars and US Treasuries for liquidity purposes but a long term bear market in bonds has only just started.

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