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Thoughtful Money with Adam Taggart
Michael Pento: Stocks "Running On Fumes", Risk Of A 30-80% Crash
Jul 14, 2024
Money manager Michael Pento warns of an overvalued stock market running on fumes, predicting a potential 30-80% crash. Discussion includes concerns over market liquidity, Federal Reserve actions, wealth disparities, risks in equities and credit markets, challenges in the labor market, and strategies for navigating economic uncertainties and potential market crashes.
01:40:32
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Quick takeaways
- Stock market is overvalued, at risk of 30-80% crash due to liquidity running out.
- Federal Reserve may cut rates soon, impacting market dynamics and investment strategies.
Deep dives
Economic Assessment and Market Volatility
Financial conditions are showing signs of liquidity drying up as stimulus measures are running out. Credit spreads are leveling out, signaling possible liquidity issues. The global economy is viewed as a facade of prosperity hiding underlying instability.
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