Global Chaos In 2014 Will Rival That Of The 2008 Collapse
February 1, 2014
Today one of the top economists in the world warned King World News that global chaos in 2014 will rival that of the 2008 collapse. This is one of Michael Pento’s, founder of Pento Portfolio Strategies, most important pieces he has ever written.
By Michael Pento of Pento Portfolio Strategies
February 1 (King World News) – Global Chaos In 2014 Will Rival That Of The 2008 Collapse
Wall Street cheerleaders like to claim that the tapering of Fed asset purchases is not equivalent to the tightening of monetary policy. But the markets are clearly telling investors something different. Year-to-date the S&P 500 is down about 4% — not horrific for one month but stocks are certainly not following last year’s upside performance. The economic data such as durable goods, initial jobless claims, personal income, and housing sales have all shown a distinctive weakening trend….