BOND MARKET OUT LOOK (CONFIRMATION)

MIKE PENTO RELEASED HIS NEW BOOK POINTING TO THE BOND MARKET COLLAPSE

ARE WE LIVING ON BORROWED TIME OR HAVE WE FINALY REACHED THE END OF THIS SPIRAL DOWNWARD (UPWARD IN DEBT)http://www.moneynews.com/StreetTalk/Pento-bond-market-collapse/2013/05/12/id/504020
PENTO: Governments May Fall in Coming Bond Market Collapse

Sunday, 12 May 2013 10:42 AM

By David Nelson and Dan Weil

           

The bond market is headed for a meltdown, and that collapse may bring down the governments of Japan, Europe and the United States, says Michael Pento, president of Pento Portfolio Strategies.

The U.S. government was about to collapse in 2008 until the financial system was bailed out, he tells Newsmax TV. "We took on $7 trillion of new debt and took interest rates to zero percent," says Pento, author of "The Coming Bond Market Collapse."

"What's the next trick? When the bond market bubble bursts, what will the government do?" The housing market already has been bailed out by the state.

Read Latest Breaking News from Newsmax.com http://www.moneynews.com/StreetTalk/Pento-bond-market-collapse/2013/05/12/id/504020#ixzz2T9ErwtdG
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