Is the party over? Investors Pay Attention! Michael Pento #5121

Published: April 14, 2021, noon

b'The stock market\\u2019s capitalization is 200% of GDP. Margin debt has never been higher. Is the party over? If you listen to the Fed they claim that inflation is transitory. YOY inflation was 2.6%. Core inflation was under 2%. The Fed doesn\\u2019t even look at consumer price inflation. Everything is a substitute for everything else. The Fed\\u2019s mandate is stable prices, haha. Next month\\u2019s CPI will be over 3%. Exploding earnings and growth in GDP this quarter and next and then we roll over. Whatever happened to zero inflation targets. $7 trillion dollars of new money printed and keeping interest rates below 1%, what could possibly go wrong. Market and economic chaos is inevitable. The middle class is being hollowed out and thus the country with it. Bubbles getting ready pop all over. It only benefits the wealthy and those who work from their homes. Job losses aren\\u2019t being reversed. It\\u2019s been the worst of times for the middle class, thus engendering further chaos. It\\u2019s a volatile and incendiary.\\xa0 Is the pandemic going to end this summer. Bad Vaxx news, J&J vaccine causing blod clots in 6 women. It\\u2019s temporarily suspended. Vax skeptics are jumping all over it. Why suspend the vaccine for 6 out of 17 million people getting ill. China vaccine not working well. If the virus is running rampant, can growth and inflation continue. It\\u2019s going to drop off in 2021 and 2022. You\\u2019ve gotta invest somewhere.\\xa0 Michael is more concerned about the government\\u2019s reaction to the virus than the virus itself.'