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The Worst Is Yet To Come; Be Prepared | Michael Pento
Low interest rates have caused a huge stock market bubble, says portfolio manager Michael Pento. As the Fed is raising rates, investors are waking up to this reality as they see their portfolio values crash. Will it get better for investors? For many investors it will not. The negative effects of rising interest rates from near 0% to 5.5% are still largely yet to come, says Pento.
Pento Portfolio Strategies: https://pentoport.com
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INTERVIEW TIMELINE:
0:00 Intro
3:30 Inflation & deflation trends
8:07 Fighting inflation
11:03 Japan's central bank
15:30 US bond market
20:09 Zombie companies
24:53 Real estate
27:53 Pivot
32:00 Spoiled investors
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