Unprecedented Wealth Destruction & Volatility Has Now Begun
June 30, 2013
On the heels of another wild week of trading in global markets, today one of the top economists in the world warned King World News that market participants should expect violent and unprecedented trading in key markets going forward. Michael Pento, founder of Pento Portfolio Strategies, wrote this exclusive piece for KWN.
Pento: “I have warned investors in the past that the Fed’s rapid expansion of credit would cause the U.S. economy to enter a period of unprecedented volatility between inflation and deflation. This would lead to violent moves in most markets, especially interest rate sensitive investments. That time has now arrived….