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Economist Michael Pento Warns Debt Crisis Will Spark Recession
Original: Debt Crisis To Trigger Recession - Then Stocks Crash and GOLD Soars: Michael Pento
Economist Michael Pento is warning that the mounting US debt crisis will trigger a recession, followed by a stock market crash and a sharp rally in gold prices. He argues that ballooning government borrowing leaves policymakers with no way out, pushing investors toward precious metals as a safe haven. His forecast is drawing wide attention among market watchers concerned about deficits and interest rates.
Why now: Rising debt levels and market anxiety are driving interest in warnings about a coming recession and a rush into 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 · 110.4K
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