2014 Is Quickly Turning Into A Hellish & Terrifying Year
January 27, 2014
Today one of the top economists in the world warned King World News that 2014 is quickly turning into a hellish and terrifying year for investors. This is a fantastic piece from Michael Pento, founder of Pento Portfolio Strategies, where he lays out exactly why investors around the world must brace themselves.
By Michael Pento of Pento Portfolio Strategies
January 27 (King World News) – 2014 Is Quickly Turning Into A Hellish & Terrifying Year
On November 22nd I published the following warning on KWN about the effects from the Fed’s imminent tapering of asset purchases:
“There is a good chance that the beginning of tapering will lead to a reversal of the trade to sell gold ahead of the news. But the major averages have priced in a sustainable recovery on the other side of QE, which will not come to fruition. For the Dow, S&P 500 and NASDAQ, the end of QE will be especially painful. A unilateral removal of stimulus on the part of the Fed will send the dollar soaring [especially against emerging market currencies] and risk assets plunging — you could throw in emerging market equities and any other interest-rate-sensitive investment on planet Earth as well.”