Danger for investors

“…anybody with any objective, critical, independent mind can tell this is an unsustainable, very ephemeral rally in stocks that has occurred since 2009. And when the bond market breaks, when that bubble bursts, it will wipe out every asset — everything will collapse together — because everything is geared off of that so-called ‘risk free’ rate of return.”

Source: Michael Pento: “These Are The Most Dangerous Markets I’ve Ever Witnessed”

This entry was posted in Banks, Business cycle, Central banks, Crony capitalism, Economy, Federal Reserve, Inflation, Presidential campaign. Bookmark the permalink.

Comments are closed.