On the heels of another chaotic trading week in major markets, today one of the top economists in the world sent King World News an incredibly powerful piece warning that there is no escaping a historic and devastating crisis as unprecedented worldwide panic and economic carnage is dead ahead. Below is the fantastic piece from Michael Pento.
June 27 – (King World News) – Investors are obsessed over predicting the timing of the Fed’s first interest rate hike. Will the Fed raise the Fed funds rate in September, or wait until next year? But it is far more important to get a grasp on the pace of rate hikes. Will it be a one and done move, or does this mark the beginning of an incremental tightening cycle? Those of us who are not in the inner circle are forced to speculate….
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