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Economist Michael Pento Warns Debt Crisis Will Trigger Recession
Original: Debt Crisis To Trigger Recession - Then Stocks Crash and GOLD Soars: Michael Pento
Economist Michael Pento is warning that a mounting debt crisis will push the United States into a recession, followed by a stock market crash and a sharp rally in gold prices. In a widely viewed interview, he argues that soaring government debt and borrowing costs leave the economy vulnerable, positioning gold as the key safe-haven asset for investors bracing for the downturn.
Why now: Fears over US debt levels and a possible recession are driving interest in bearish market forecasts and gold as a hedge.
Michael PentogoldUS stock marketUnited States
Evidence
- Debt Crisis To Trigger Recession - Then Stocks Crash and GOLD Soars: Michael Pento · Commodity Culture · 110.8K
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