Michael Pento: When The Yield Curve Inverts Soon, The Next Recession Will Start
by Tyler Durden
Wed, 06/27/2018 - 22:30
Collectively, the world's major central banks have pumped $1.1 trillion into the markets over the past year.
The result of all this money printing is now well known: massively inflated real estate, stock and bond asset price bubbles, as well as extraordinary wealth and income gaps across society. Some day all of this insanity will end. But how? Will it unwind in an orderly and polite way, as the world's central planners hope? Or will be disorderly, resulting in painful portfolio losses and mass layoffs?
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Poster Comment:
We are already in recession.