Michael Pento (How To Profit From Deflation/Inflation, Market Predictions For 2021/22)

Michael Pento joins George on the Rebel Capitalist Show and they discuss everything from junk bond bubbles to Inflation, Deflation, and Economic Cycle Model.

Click play to watch this interview.

“Just to give you some context of how huge the bond market is…

One out of five companies is now a zombie company. They have to borrow money to pay interest on existing debt.

Look at statistics. Junk bonds yields (the average not triple C just junk bonds), the average yield in junk bonds is 4%.

I mean you’re talking about yield on a junk bond that is 300 basis points below where treasuries normally should be, which is around 7% (risk-free rate).

– Michael Pento

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