Michael Pento's Forecast and Insights on the Changing World Order
EconomyFiscal and Monetary PolicyRenowned economist Michael Pento shares his forecast on the US deficit and insights on the changing world order in an upcoming private event. He also discusses the impact of monetary policies and the current state of the housing market.
US Deficit and Geopolitical Order
⏰Michael Pento forecasts that the US deficit will increase to $6 trillion.
⏰Jay is hosting a Live Online private event called crisis and Chaos on November 30th.
⏰The event will feature US Presidential advisers, former leaders, and experts discussing the shifting geopolitical order.
⏰Job planned layoff announcements are up 198% from last year.
⏰The speaker questions the idea that the consumer is fully employed and inflation is no longer a problem.
Monetary Policies and Housing Market
⏰Monetary impulse has shifted from quantitative easing (QE) to quantitative tightening (QT), causing changes in interest rates.
⏰There is a lack of appetite for large spending packages in Washington DC, leading to dysfunction in the fiscal side.
⏰One quarter of homes are held by investors.
⏰Banks are in big trouble in Canada and the US.
⏰Similar patterns have been observed in past empires such as the Portuguese, Spanish, and Dutch.
FAQ
What is the main focus of the event 'Crisis and Chaos'?
The event will address the global crises since covid-19 and provide insights on how to prepare for what's coming next.
Who will be speaking at the event?
The event will feature military experts, geopolitical analysts, and economic advisors who will answer questions about the changing world order.
What is the impact of rising deficits on the middle class?
In the decline of empires, the middle class is often severely impacted.
What is the speaker's advice for the recession/depression environment?
In a recession/depression environment, it is advisable to get out of base metals and energy.
What is the current state of the housing market?
Home prices have increased by 42% in the last two years on average.
Summary with Timestamps
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Renowned economist Michael Pento shares his forecast on the US deficit and insights on the changing world order in an upcoming private event. He also discusses the impact of monetary policies and the current state of the housing market.
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