Rising Rates, Causing Chaos, Dangerous Territory – Michael Pento

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Money manager and analyst Michael Pento says the fundamentals show the financial markets are in “dangerous territory.” All central banks are pulling back on the money printing that has been propelling the markets to new highs.  Pento contends, “I know for sure when central banks remove their thumb from the scale on the prices of bonds, they will crater and yields will soar. . . . We have 1.9% annualized growth.  So, we are falling below 2% (growth) in this country.  The housing market was down month over month in June, and existing home sales were up just 0.7%. . . . The Fed is going to be selling these Treasuries and mortgage-backed securities and roll them off their balance sheet.  When they do that, they add to the supply.  The supply of debt has already grown 31% year over year.  That’s the



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