"There Is No Pain-Free Escape" | Michael Pento
Video Credit: Rumble - Duration: 26:56s - Published
"There Is No Pain-Free Escape" | Michael Pento
The Bank Term Funding Program ends in March 2024.
Liquidity in the bond market is going to "completely evaporate" by March, forecasts portfolio manager Michael Pento.
The only solution is to lower interest rates.
But with inflation getting worse, the only excuse to lower rates with be a recession or depression.
"There is no pain-free escape," he says.
