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Thoughtful Money with Adam Taggart
Michael Pento: Stocks & Home Prices To Fall 40-50% As Liquidity Dries Up?
Mar 4, 2025
Michael Pento, President of Pento Portfolio Strategies, shares his insights as a savvy money manager using a unique 20-point model. He predicts significant declines in both stock and home prices, attributing this to liquidity concerns and economic uncertainties. Pento discusses the implications of tariffs on growth, the risks of transitioning to stagflation, and the importance of active investment management. He emphasizes gold and cash as safer assets in turbulent markets, while urging caution, especially for those nearing retirement.
01:25:40
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Quick takeaways
- Michael Pento forecasts a alarming 40-50% decline in stocks and home prices due to impending market corrections.
- The implementation of tariffs, while aimed at protecting manufacturing, is causing immediate economic friction and hindering growth.
Deep dives
Market Predictions and Economic Assessments
Current predictions indicate significant declines in the stock and housing markets, with estimated reductions of around 50% and 40%, respectively. Factors contributing to this outlook include economic tariffs which create friction and short-term stress, alongside a shrinking labor force that hampers growth efforts. The speaker highlights the dangers of asset bubbles driving the economy, mainly sustained by the wealthiest consumers, whose spending is propping up a declining market. This precarious situation highlights the risk of a market that is excessively priced and vulnerable to negative surprises.
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