The valuation of equities was 220% of the underlying economy at the start of this year. That is light years ahead of any other metric, any other reading on that ratio in history. By comparison, at the start of the Great Recession, that ratio was just 104 percent, not 220 percent. Our guest this week, Mr. Michael Pento, talks with your host Dennis Tubbergen about the coming year and the likely bursting of the bond market bubble, the housing bubble, and equity markets on Retirement Lifestyle Advocates radio.
Michael Pento is the President and Founder of Pento Portfolio Strategies with more than 27 years of investment experience. He was the portfolio creator and consultant to Delta/Claymore’s commodity portfolios that raised more than $3 billion, distributed through Claymore/Guggenheim’s sales network. He produces the weekly podcast “The Mid-Week Reality Check” and is the author of the book “The Coming Bond Market Collapse.”
For more information about our guest Mr. Michael Pento, please visit http://pentoport.com. For more information about Retirement Lifestyle Advocates, please visit www.RetirementLifestyleAdvocates.com.