Michael Pento Warns Global Markets Set To Collapse

KingWorldNews.com
September 27, 2014

On the heels of another wild week of trading in global markets, today Michael Pento warned that global markets are now set for total collapse. Pento takes KWN readers around the world on a trip down the rabbit hole which takes a sobering look at what is really taking place in the United States.

By Michael Pento of Pento Portfolio Strategies

Wall Street came to a halt recently as Chinese e-commerce giant Alibaba made its initial public offering. The media became myopically focused over this so-called “historic event” and by its celebrity founder, Jack Ma. By the time the closing bell had rung, the hype and fanfare propelled Alibaba up 36 percent on its first day of trading and caused the world’s largest IPO to display a market cap worth $231 billion. The investing public seems to have forgotten the dangers associated with disregarding valuation metrics — Alibaba is trading at a price-to-book value ratio north of 27!….

The Rest…HERE

This entry was posted on Saturday, September 27th, 2014 at 4:02 pm and is filed under Conspiracy, Corruption, Economics, God Help Us, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.