Today one of the top economists in the world predicted that the Fed will shock the world by increasing QE. He also discussed what all of this means for major markets around the world, including gold and silver. Michael Pento, founder of Pento Portfolio Strategies, wrote the following exclusive piece for KWN.
By Michael Pento of Pento Portfolio Strategies
October 5 (King World News) – “Increased QE Will Shock Market Participants Around The World”
Former Treasury Secretary Hank Paulson weighed in on the budget and debt ceiling gridlock in Washington and offered a solution this week by saying, “I hate the whole concept of a debt ceiling”. He also indicated that putting a legal limit on our nation’s borrowing authority is a “flaw in the system”. In other words, if we just did away with the strictures of a debt limit our problems would go away….