The Fed wants inflation, the stock market’s plunging, and, renters can’t be evicted for the rest of 2020? Michael explains all of that and more in today’s show…
Michael Pento joined Silver Doctors on Thursday, September 3, 2020, for a robust discussion on the latest action in the stock market, the bail-outs, inflation, interest rates, the real estate market, and more.
Some of the things discussed in today’s interview include –
The stock market is tanking today, and President Trump says it’s all because of fake polls suggesting Biden has the lead on Trump, but is that what’s really causing the stock market to drop?
Last week, Fed Chair Powell said the Fed is now going to let inflation run above its 2.0% objective, and yield on the 10-Year Note briefly spiked, but isn’t the actual pressure on yield to the downside with the Fed being the buyer of last (and first) resort, and can interest rates rise gracefully?
There is a lot of pressure for bail-outs coming from corporate America in general, and the airline industry specifically, and a recent poll showed that seven out of ten Americans support another round of Economic Impact Payments, but doesn’t the next round of fiscal stimulus seems to be going nowhere for now?
Steve Mnuchin says estimates of tens of millions of renters being evicted soon are “absurdly high”, and “this is nothing close to the mortgage and housing crisis that we had during the recession”, and yet the CDC is telling landlords that they can’t evict renters through the end of the year?
For discussion on those topics and more, tune-in to the interview in its entirety!