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The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market - Michael G. Pento This is a good read if you'd like to have an understandin
by znt 7y ago
The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market - Michael G. Pento
This is a good read if you'd like to have an understanding on what's coming up next.
- Buttons840 7y agoThat book is 6 years old.
- deleted 7y ago[deleted]
- mooreds 7y ago"Economists have predicted 9 of the last 5 recessions."
- thesagan 7y agoLike politicians, smart economists wait to make predictions—growth or recession—until two quarters later. As a group they miss acute macro moves, altogether.
- sameers 7y agoYeah, that's what I looked for right away. I mean, I'd read it if someone could tell me if explains the structure of (international) bond markets so at least I can come to my own conclusions about the 'imminent collapse.' Authors frequently bow to editors/publishers as far as the title goes. So maybe Pento didn't want to call it that. But then the blurb talks about how he "accurately predicted the housing bubble" so then I think, nah, Pento also wants us to buy into his new prediction. Though the folks on Goodreads that read it are sort of 50/50: https://www.goodreads.com/book/show/16719321-the-coming-bond-market-collapse https://www.goodreads.com/book/show/16719321-the-coming-bond... This guy liked the parts where the book introduces you to specific macro concepts/schools: https://www.youtube.com/watch?v=uhSJ429r9mk https://www.youtube.com/watch?v=uhSJ429r9mk But the comments are pretty negative.
- dylan604 7y agoSo, was it accurate?
- toomuchequate 7y agoDon't keep fiat?