Expect A Historic Stock Market Collapse & Global Chaos
March 1, 2014
Today one of the most respected money managers in the world warning King World News that investors need to brace themselves for a historic stock market collapse and global chaos. This is one of Michael Pento’s, founder of Pento Portfolio Strategies, most timely and important pieces he has ever written.
By Michael Pento of Pento Portfolio Strategies
March 1 (King World News) – Expect A Historic Stock Market Collapse & Global Chaos
Investors are currently receiving mixed messages regarding the ramifications resulting from the Fed’s exit of debt monetization. Officials from the Federal Reserve are assuring market participants that there will be a smooth transition from the central bank’s manipulation of long-term interest rates. But markets are reaching a completely different conclusion.
The major averages in the U.S. are unchanged so far this year and are not giving a clear signal as to the future condition of the economy. However, many other markets around the world are giving investors a clearer indication regarding the negative fallout from the ending of QE….