How soon will the US be the next Greece? Pento sees US close to top of Next Greece collapse

People have disagreed over the last you with his assessment about the US. If he is right or partially right, what will the impact be on you and your business?

Ireland Is the 'New Greece'; Japan and U.S. Next in Line for "Catastrophe", Pento Says

http://finance.yahoo.com/tech-ticker/ireland-is-the-new-greece-japan-and-us-next-in-line-for-catastrophe-pento-says-yftt_535605.html

A close second behind Japan in the race to a debt crisis is the U.S., Pento concludes.  "We have negative real interest rates, inflation that is growing, debt that is soaring, and a dollar that is chronically weak." That equation adds up to U.S. debt situation that is "untenable."  

Still, investors who have made similar dire predictions over the last two-plus decades have been burnt shorting the government debt of Japan and the U.S., as Aaron points out and Pento concedes. “I’ve been calling for a bond bubble for about a year. And, I’ve been wrong,” he says. “It just means when the bubble bursts, it will be a catastrophe."

 

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