Liberty and Finance: Trifecta of Bubbles, all at Record Levels

The financial market is reaching unprecedented heights, and many experts, including portfolio manager Michael Pento, are sounding the alarm. According to Pento, there is a bubble trifecta in the real estate, bond, and stock markets, with all three at record levels by any measure. The consequences of these bubbles popping could be catastrophic, leading to what Pento describes as a ‘wipeout’ for the markets. In the past, the government has been able to intervene and prop up the economy when individual bubbles have burst. However, Pento argues that this time around, the situation is different. ‘There’s not an easy out…