Here is a video interview of Michael Pento. I like Pento because he called the market crisis before it happened as well as the market’s rise. For the recent rise, he knew it was nothing more than a stimulus induce high, but it was going to happen. Now, he is saying the high is over, and the economy is heading for a double dip.
He has some interesting comments. While it isn’t optimistic news, I happen to agree with him. Never has a country or economy gotten rich through debt or money printing. This rally has been nothing more than that.