Mike Gleason: It is my privilege now to welcome in Michael Pento, President and Founder of Pento Portfolio Strategies and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael's a well known money manager and a terrific market commentator and it's always great to have him on with us here on the Money Metals Podcast. Michael, thanks for coming back again, and welcome.

Michael Pento: Hey, thanks for having me back on Mike.

Mike Gleason: Well Michael, the Dow rallied 600 points this week when Fed Chair Jerome Powell hinted that we are approaching the end of a tightening cycle. To many of us, the potential for a policy change comes as no surprise, especially given the recent carnage in the stocks. We live in a world addicted to cheap money, and frankly, we've been surprised to see the FOMC get away with as many hikes as it has. What did you make of Powell's comments? Did t ... Read more »