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Commodity Culture
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- 1Economist Michael Pento Warns Debt Crisis Will Trigger Recession▼Debt Crisis To Trigger Recession - Then Stocks Crash and GOLD Soars: Michael Pento
Economist Michael Pento is warning that the growing US debt crisis will push the economy into a recession, followed by a stock market crash and a sharp rally in gold. In an interview with Commodity Culture, Pento argues that runaway government borrowing and rising interest costs leave policymakers with few options, making hard assets like gold the safest place for investors as the downturn unfolds.
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A new opinion piece in the Wall Street Journal argues that public outrage has itself become a passing trend, suggesting that moral indignation now follows the same cycles as fashion. The column contends that what stirs collective anger one moment is discarded the next, and it is drawing attention for its provocative framing of outrage as a commodity that goes in and out of style.