Global Recession & How Not To Get Crushed Financial | Michael Pento

We are headed into a global recession, says portfolio manager Michael Pento. He expects an intermediate term rally in the US dollar. In this environment, he is more bullish on gold than the miners, since recessions are not positive for stocks. He cautions those holding stocks and bonds for the long-term. "Buy and hold does not work," says Michael Pento. Investors have to understand the macroeconomic environment in these times, he says, and have a dynamic portfolio.

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INTERVIEW TIMELINE:
0:00 Intro
3:00 China reopening
11:51 Precious metals
14:29 Disinflation
17:20 Labor market
26:02 Stock market
32:45 Pento Portfolio
34:55 Miles Franklin
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