The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market Hardcover – April 22, 2013

I first took notice of Michael Pento's commentary on an investment news website that I frequent. After seeing him accurately predict the policy moves of our central economic planners on more than one occasion, I decided that I need to know this man's opinion prior to making any major investment decisions. Despite some easy to overlook typos, his book did not disappoint.He starts off the book by giving an essential explanation of money itself. From there he goes on to explain the "bubble economy" that we've been living in for more than a decade and debunks the myths that are hyped by all the government stimulus cheerleaders out there.If you're a proponent of the Austrian school of economics, you will get a hilarious kick out of his "End This Depression Now! - The Game Show" section. Michael puts himself in mock competition with Paul Krugman about how to properly address the problems in our economic system. I laughed all the way through this small section of the book as he demolishes and proves utterly silly the many Keynesian arguments that Mr. Krugman has made.After giving pertinent analysis of the doomed US Treasury market and the unpleasant repercussions its collapse would bring, he also spends some time on Europe and the problems found over there. He then brings things to a close by proposing specific policy reforms that could be implemented within the US to help alleviate some of the damage that will be caused by the current economic time-bomb that is getting ready to blow. The book ends with some general investment advice about what sort of assets to put your money in (and which to avoid) during the circumstances that will likely surround the epic breakdown of the US debt market.Overall, with his knack for laugh out loud analogies, Michael has created a convincing and entertaining treatise on why free-market capitalism is the primary solution to our current economic woes. He makes clear how it is the Government's misguided and protracted economic interventions that allow for such damaging calamities (like the past Housing Bubble and the current Bond Bubble) to form, expand, and inevitably collapse within an economy.If you want to be informed about the next economic crash on the horizon, this book is for you. And if you're a supporter of having a free-market system in the US, you'll probably get lots of laughs along the way as Michael does a great job of injecting some light-hearted humor into this gloomy subject.

Michael Pento has written an excellent analysis of the fundamental economic problems facing not only the U.S. but the world as a whole. Central banks, uncontrolled money printing, unprecedented debt levels, and fiat currencies are some of the culprits he identifies.This book has a timeless quality to it and remains wholly relevant to the economic situation as it sits today, the only difference being the metastasized bond and debt bubble that awaits. It is worth purchasing even if the reader is familiar with similar texts.The author does not beat around the bush and examines cold hard truths and economic realities by using examples from the past. One examples was the collapse of Russia in the 1990s, where pensions were not paid. When the bubble pops a similar fate may occur in the U.S. He provides some practical steps individuals can take at the end of the book. Strongly recommended reading!

Pento provides the reader with a firm appreciation of the situation we are now in with a tart sense a humor and a generally flowing narrative style. The several instances of awkward grammar and incorrect word usage could have used a better editor, but he still makes his points, some of which strike with the intellectual force of a Hellfire missile. Unfortunately, Pento seems to have been seduced by the powerful understanding that Austrian School economics can provide into believing that he can prophesy the economic future, just like Marxists and Keynesians. This is a common malady of those in the investment world who are introduced to the brilliant insights of this school of thought so abjectly neglected by the mainstream of my field of learning. With regard to his investment ideas, I have great sympathy with his doubts about the applicability of Modern Portfolio Theory now, thanks to the wildly experimental policies of the Federal Reserve. But his tactical suggestions are too numerous for most investors to be able to manage and he fails to appreciate that correlative relationships in the current environment are not static. I think many readers would prefer Pento's humorous story style of where we are now versus David Stockman's forceful and exquisitely detailed analysis of the same situation in The Great Deformation, particularly if they do not have the rigorous financial background to be able to understand the creation of the Zombie Corporations we now have.

...That this country has become. And provides insight into the most probable future direction as the economy continues to unravel after a century of control by the Federal Reserve. In terms the non-economist with some reasonable concept of the financial machinations can understand, Pento explains clearly how the current crisis developed from the bubble economy, what that has meant in the global financial world, the reckless borrowing and printing of money by the Fed, the astounding US debt, and what steps investors (at least those with something left after the stock and housing head fakes), might choose to take.A few lines from the mid-point of the book summarize the downward spiral: "Manias can last a very long time and become more extended than reason should allow. But eventually investors will have an epiphany and demand higher rates. Once the bond bubble explodes here as it did in southern Europe, it will destroy the dollar along with it. That's because foreign sellers of US debt will be forced to abandon dollar based holdings completely. that will mark the end of the US dollar as the world's reserve currency and the restoration of gold as the global store of wealth."Definitely worthwhile for those trying to figure out what happened & where the economy will most likely go from here.

Il titolo e' fuorviante.Pochissime righe nell' ultimo capitolo sul tema di come sopravvivere (cosa fare) in previsione o nel caso di un crollo del mercato degli US bonds. Tutto il resto del libro e' solo su macro-economia ed critiche alle politiche della Fed. Anche se si puo' concordare con l' opinione dell' autore, non ha nulla a che fare con il titolo del libro.

Je recommande ce livre. Très d’actualité

Well-argued, principled, a good read. I really like Mr Pento, and his past colleague Peter Schiff. Both are honest, which can be a rarity these days. Worth it.

Pento's depth of analysis and insight into historical events offer a truly detailed understanding of the causes of financial collapses past and hints of those to come. You don't need to be an expert in financial markets to gain an understanding of this book and it's message as it is written to be easily understood. Examples and stories provided really add that extra layer.Highly recommended

Great book. I am enjoying it fully. The timing for this book could not be better. The incompetence of the Fed is made obvious. The Feds outfit should be close down.Roger