2024-03-03 Retirement Lifestyle Advocates Radio w/ Michael Pento

Retirement Lifestyle Advocates radio host Dennis Tubbergen speaks with Michael Pento, founder and president of Pento Portfolio Strategies, this week about the current state of the stock market and the potential implications of insider selling. Pento highlights the high ratio of insider selling to insider buying, suggesting that insiders may know something that the mainstream does not. Pento warns of the problems in the banking system, particularly with mortgage-backed securities and treasuries, and the potential for a severe economic downturn and deflationary depression. He suggests that the Fed will likely resort to easing and currency creation and emphasizes the need for active portfolio management to navigate the current and future chaos. Michael Pento is the President and Founder of Pento Portfolio Strategies, with more than 27 years of investment experience. He was the portfolio creator and consultant to Delta/Claymore's commodity portfolios that raised more than $3 billion, distributed through Claymore/Guggenheim's sales network. He produces the weekly podcast “The Mid-Week Reality Check” and is the author of the book “The Coming Bond Market Collapse.” For more information about our guest, Mr. Michael Pento, please visit http://pentoport.com. For more information about Retirement Lifestyle Advocates, please visit www.RetirementLifestyleAdvocates.com.