Deflation/Inflation/Bust -- Michael Pento #5818

Michael Pento believes that the Fed's rapid rate increases have caused a banking crisis, and that the Fed's actions have created an artificial construct that will lead to a deflationary recession/depression followed by runaway inflation. He predicts a 30-50% drop in equity averages and suggests investors play it safe by collecting dividends in a safe manner. Michael  discussed the unsustainable levels of global debt and the potential for deflation and a depression if the Fed does not take action to reduce debt levels. He believes that inflation is not the answer and that the middle class will suffer if i...