The Rate Of This Worldwide Depression Will Only Get Worse

Sunday, March 9, 2014
By Paul Martin
March 8, 2014

Today one of the most respected money managers in the world warned King World News that “Whatever is left of the free market is clearly telling me that economic growth will be depressed in 2014 and that rate of depression should get worse.” Michael Pento, who is founder of Pento Portfolio Strategies, also spoke about the ongoing war in the gold market. Below is what he had to say in this timely interview.

Eric King: “Michael, as you know, the jobs numbers came out Friday and they put the hit on gold. What are your thoughts on gold?”

Pento: “The gold market is getting hit because, I guess, that means the tapering of asset purchases is going to continue. I’ve been predicting for a long time that the Fed wants out of the QE business. But the truth is that with the end of QE, which will be by the fall of this year, somewhere between now and then you are going to have a major financial accident….

The Rest…HERE

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