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| US facing credit market CATASTROPHE even worse than in 2008, strategist tells RT’s Keiser Report | US facing credit market CATASTROPHE even worse than in 2008, strategist tells RT’s Keiser Report |
| (about 2 months later) | |
| The hosts of Keiser Report, Max and Stacy, talk to Michael Pento of Pento Portfolio Strategies about inflation, asking him whether all of the price signals are broken. | The hosts of Keiser Report, Max and Stacy, talk to Michael Pento of Pento Portfolio Strategies about inflation, asking him whether all of the price signals are broken. |
| “We are in an inflationary spike,” Pento says, adding: “What I see coming forward, especially into 2022, is the end of fiscal and monetary support.” | “We are in an inflationary spike,” Pento says, adding: “What I see coming forward, especially into 2022, is the end of fiscal and monetary support.” |
| According to him, “a massive and unprecedented asset bubble” is forming in the stock market, while “the center of all bubbles is the bond bubble.” | According to him, “a massive and unprecedented asset bubble” is forming in the stock market, while “the center of all bubbles is the bond bubble.” |
| “I would say we have one of the worst credit market catastrophes that we’ve had, including the great financial crisis of 2008,” Pento says. “I think we are going to have a credit crisis like we have never seen before, even worse than in 2008 … Watch to see what happens when the Fed tries to end QE and normalize interest rates. Watch what happens with the REPO market and the credit market.” | “I would say we have one of the worst credit market catastrophes that we’ve had, including the great financial crisis of 2008,” Pento says. “I think we are going to have a credit crisis like we have never seen before, even worse than in 2008 … Watch to see what happens when the Fed tries to end QE and normalize interest rates. Watch what happens with the REPO market and the credit market.” |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |