In this episode, Jay is joined by Michael Pento. Michael discusses the three major bubbles in the American economy: real estate, equities, and private credit. He explains how these bubbles are interconnected, meaning that if one sector collapses, it could trigger a domino effect across the others. He touches on the challenges that policymakers face in preventing a collapse due to the systemic risks and the broader impact on the economy. The conversation also covers inflation, deflation risks, and the long-term implications for commodities like gold. Throughout, Pento emphasizes the difficulty in predicting the exact timing of a market correction but warns of significant financial instability ahead.
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0:00 - Intro
1:03 - The Three Economic Bubbles Threatening the U.S.
9:04 - The Looming Cross-Contamination in Real Estate and Equities
12:39 - Recession, Depression, or Collapse: What Comes Next?
22:12 - Preventing a 2008-Style Market Meltdown
23:40 - The New Era of Monetary Expansion
32:43 - Commodities in a Crash: A Lifeboat Strategy
37:16 - How the Smart Money Stays Ahead of Crises
42:34 - Are We Voting for Inflation?
46:08 - Navigating Geopolitical Events in Investment Strategies
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