Trifecta of Bubbles, All At Record Levels | Michael Pento
There is a bubble trifecta: real estate, bonds, and stocks. And every one of these markets is at record levels by any measure. If these bubbles pop, this could be a "wipeout" for the markets, says portfolio manager Michael Pento (https://pentoport.com). While the government has been able to prop up the economy when individual bubbles have popped in the past, "there's not an easy out this time," he says. He discusses lies and distortions from the government and how to protect against financial crisis.
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INTERVIEW TIMELINE:
0:00 Intro
1:20 Economy's direction
4:50 Banking system
13:34 Debt levels
15:24 Government lies
19:40 AI & job destruction
22:30 Inflation
29:30 Weekly specials
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