Debt Crisis Will Unleash 'Carnage' on Stock Market and Economy: Michael Pento

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Michael Pento believes that both investors and the media have gotten complacent when it comes to the soft landing narrative and one day in the not-too-distant future, the untenable debt situation in the U.S. is going to wreak havoc on markets and the economy.

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00:00 Introduction
01:22 Is It Time to Get Out of the Market?
04:39 What is the Public Misunderstanding?
08:18 Increasingly Dire Economic Indicators
17:06 Banks Are in Big Trouble
20:42 Vulnerability in Housing Market
22:29 Commercial Real Estate
24:22 Sunset Years of American Empire
26:54 Michael's Portfolio
30:37 Outlook For Commodities
33:40 Gold Mining Stocks
34:35 Multiple Bubbles
37:32 Thoughts on the Bond Market
41:45 AI Productivity Boom?

#bearmarket #marketcrash #recession