With 1.5 trillion dollars worth of commercial mortgages coming due and interest rates rising, are we likely to see a similar crisis in real estate like the residential crisis in 2008? First-time guest on Retirement Lifestyle Advocates radio, Mr. Kerry Lutz tells your host Dennis Tubbergen it’s a disaster, but it’s not like the subprime mortgage mess. Don’t miss their engaging conversation as they discuss real estate, inflation, banking, and what’s ahead for the US economy.
Kerry Lutz has been a student of Austrian Economics since 1977. While attending Pace University, he stumbled upon an extensive cache of Austrian Economic Literature in a dark, musty, abandoned section of the school’s library. After graduating from The New York Law School, he became an attorney and lifelong serial entrepreneur. In 2010, Kerry gave up most of his other interests to pursue his desire to become a radio show host and founded the Financial Survival Network, whose mission is to help you prosper and thrive in the New Economy.
The everything-bubble is now beginning to burst. In the next 12-18 months, we’ll see more bank failures and significant downturns in stocks, bonds, real estate, etc. Our guest this week on Retirement Lifestyle Advocates radio, Harry Dent, tells us to get out of the markets now. If he’s wrong, you might lose a few points to the upside, but if he’s right – you’ll save your assets. Harry talks with your host, Dennis Tubbergen, about his forecast for banks, real estate, and stocks.
Harry Dent is internationally recognized for the accuracy of his economic forecasts and is the author of the #1 best-selling book, Zero Hour. He’s appeared on “Good Morning America,” PBS, CNBC, CNN, and Fox News. He’s been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and, World Report, Business Week, The Wall Street Journal, American Demographics and Omni. He is a regular guest on Fox Business’s “America’s Nightly Scorecard.”
The problem in the banking system is pretty simple, for ten out of the last fourteen years, mortgage rates have been well below the effective Fed funds rate today, which is 5.1%. So, bank assets are yielding very, very low-income streams to banks. Alternatively, you can go out right now and get over 5% on a risk-free ultra-short-term treasury note. No liquidity risks, no duration risks, nothing. This week on Retirement Lifestyle Advocates radio, our guest, Michael Pento, talks with your host, Dennis Tubbergen, about the banking crisis and the Fed’s next move.
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.”
The money supply is shrinking. For the first time since the early 70’s, the FED is shrinking the US money supply; and it’s going down pretty dramatically. Sometime in the next year, the government’s going to be confronted with a dilemma: does it ramp up the money supply at the cost of possibly reigniting inflation and causing the instability that flows from rising inflation, or does it let a large number of entities fail and just hope for the best? Our guest this week, Mr. John Rubino, provides and excellent perspective on the US economy in his conversation with your host, Dennis Tubbergen, on Retirement Lifestyle Advocates radio.
John Rubino is founder of the financial website DollarCollapse.com. He is the co-author, with Gold Money’s James Turk, of The Money Bubble, and The Collapse of the Dollar and How to Profit from It, and author of Clean Money: Picking Winners in the Green-Tech Boom. After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a money market trader, equity analyst, and junk bond analyst. During the 1990s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, and his own column on Substack.com.