This Is Why The US Economy Is Set To Crumble In 2014
January 11, 2014
Today one of the top economists in the world issued a major warning for the United States in 2014. This is a powerful piece where he also discusses what this will mean for global markets. Below is what Michael Pento, founder of Pento Portfolio Strategies, had to say in his exclusive piece for KWN readers.
By Michael Pento of Pento Portfolio Strategies
January 11 (King World News) –
Goldilocks is the term used by Wall Street to describe a nearly perfect environment for stock values to rise. The term is being used again today, just as it was mistakenly uttered in the middle of the housing bubble, to express the belief held by most investors that we have once again reached equity market Nirvana — a point in time where virtually every economic condition is just right….