[znt]

The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market - Michael G. Pento

This is a good read if you'd like to have an understanding on what's coming up next.

[Buttons840]

That book is 6 years old.

[mooreds]

"Economists have predicted 9 of the last 5 recessions."

[thesagan]

Like politicians, smart economists wait to make predictions—growth or recession—until two quarters later.

As a group they miss acute macro moves, altogether.

[sameers]

Yeah, that's what I looked for right away. I mean, I'd read it if someone could tell me if explains the structure of (international) bond markets so at least I can come to my own conclusions about the 'imminent collapse.' Authors frequently bow to editors/publishers as far as the title goes. So maybe Pento didn't want to call it that.

But then the blurb talks about how he "accurately predicted the housing bubble" so then I think, nah, Pento also wants us to buy into his new prediction.

Though the folks on Goodreads that read it are sort of 50/50: https://www.goodreads.com/book/show/16719321-the-coming-bond...

This guy liked the parts where the book introduces you to specific macro concepts/schools: https://www.youtube.com/watch?v=uhSJ429r9mk But the comments are pretty negative.

[dylan604]

So, was it accurate?

[toomuchequate]

Don't keep fiat?