Today one of the top economists in the world told King World News that despite bounces, stocks will continue to crater and he has positioned his clients short for a collapse in global markets. Michael Pento, founder of Pento Portfolio Strategies, also warned that central planners now have the world headed into a depression.
Pento: “It looks like the central bankers around the world have, after years of saying they were going to keep interest rates low and they weren’t going to allow markets to work, decided to change their minds.
And I’ve seen a watershed moment for Mr. Bernanke….
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