Global Experiment Is Becoming A Frightening Nightmare
March 22, 2014
Today one of the most respected money managers in the world is warning that a global experiment is becoming a frightening nightmare. The two scenarios he lays out will be equally disastrous for the entire world. Below is what Michael Pento had to say in this exclusive King World News piece.
By Michael Pento of Pento Portfolio Strategies
March 22 (King World News) – Global Experiment Is Becoming A Frightening Nightmare
I first warned about the impending bust of Japanese Government Bonds (JGBs) when I wrote “Abe Pulls Pin on JGBs” back in January 2013. In that commentary I laid out the math behind a collapse of the Japanese bond market and economy stemming from the nation’s massive government debt, combined with the Bank of Japan’s (BOJ’s) folly of pursuing an inflation target….