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Michael Pento warns debt crisis will spark recession and gold surge
Original: 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 trigger a recession, followed by a stock market crash and a sharp rally in gold prices. He argues that mounting government borrowing and deficit spending leave policymakers with no good options, pushing investors toward precious metals as a safe haven while equities and bonds come under pressure.
Why now: Concerns over US debt levels and recession risk are driving renewed interest in pessimistic economic forecasts and gold as a hedge.
Michael PentogoldUS debtstock market
Evidence
- Debt Crisis To Trigger Recession - Then Stocks Crash and GOLD Soars: Michael Pento · Commodity Culture · 111.6K
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