#AceFinanceReport – Jan.19: Bust explores how the economy is reacting to all the developments during the Covid-19 pandemic.The United States has a massive increase in “unproductive debt,” and is facing inflation, says Michael Pento, CEO of Pento Portfolio Strategies:
Boom OR Bust as U.S. Federal Reserve Chair affirms commitment to keeping ‘ Interest Rates ‘ low for future in hope for strong economic recovery RT Business
https://t.me/AceBreakingNews/2222416
#AceBreakingNews report …., [Jan 19, 2021 at 3:07 PM]
“There’s nothing more misunderstood on Wall Street than inflation,” he says. Pento explains that there will be a super spike in interest rates in the second quarter of 2021, “and then I believe it will all come crashing down by the third quarter.”
“ There will be a fiscal drag on the economy, the Federal Reserve’s going to make a lot of noise about tapering, it’s going to crash the stock market, it’s going to look a lot like 1987,” he says. “And then yields will come back down again. Lather, rinse, repeat.”
#AceFinanceDesk report …………Published: Jan.19: 2021:
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