Article Image
News Link • Economy - Economics USA

Michael Pento Says Double-Dip Recession Is Now Guaranteed

The US is headed down. You'll see home starts, permits, sales plummet in the next few months, that's going to add more supply to the housing market, that's going to put bank assets under duress, that's going to put their capital under duress, and that's going to help bring us into a double dip recession." Pento's asset allocation advice: high levels of cash, hide in the short-end of the Treasury curve, and own gold, precious metals and high-paying dividend commodity stocks.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: