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Economist Michael Pento warns debt crisis will trigger recession and gold surge
Original: Debt Crisis To Trigger Recession - Then Stocks Crash and GOLD Soars: Michael Pento
Economist Michael Pento is warning that a brewing debt crisis will push the US economy into recession, followed by a stock market crash and a sharp rally in gold prices. His forecast, laid out in a recent interview, is drawing wide attention as investors weigh federal debt levels, borrowing costs and signs of economic strain. Pento argues gold would be the main beneficiary once equities falter.
Why now: Rising debt and recession fears are pushing investors toward warnings about market risk and safe-haven assets like gold.
Michael Pentogoldstock marketUS economy
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Evidence
- Debt Crisis To Trigger Recession - Then Stocks Crash and GOLD Soars: Michael Pento · Commodity Culture · 108.2K
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