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The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market Kindle Edition

4.1 out of 5 stars 128 ratings

The coming financial apocalypse and what government and individuals can do to insulate themselves against the worst shocks

In this controversial book a noted adherent of Austrian School of Economics theories advances the thesis that the United States is fast approaching the end stage of the biggest asset bubble in history. He describes how the bursting of the bubble will cause a massive interest rate shock that will send the US consumer economy and the US government—pumped up by massive Treasury debt—into bankruptcy, an event that will send shockwaves throughout the global economy. Michael Pento examines how policies followed by both the Federal Reserve and private industry have contributed to the impending interest rate disaster and highlights the similarities between the US and European debt crisis. But the book isn't all doom and gloom. Pento also provides well-reasoned solutions that, government, industry and individuals can take to insulate themselves against the coming crisis.

  • Paints an alarmingly vivid picture of the massive interest rate shock which soon will send consumers and the government into bankruptcy
  • Backed by a wealth of historical and economic data, Pento explains how the bubble was created and what the U.S. can do to mitigate the impending crisis
  • Provides investors with sound strategies for protecting themselves and their assets against the coming financial apocalypse
  • Explains why retirees, in particular, will be at risk as real estate prices decline, pensions weaken, and the bond bubble bursts

Editorial Reviews

From the Inside Flap

THE COMING BOND MARKET COLLAPSE

A book that is certain to spark controversy within the financial media and throughout the halls of government, The Coming Bond Market Collapse sounds a clarion call to investors, business leaders, and policymakers. Author Michael Pento, a noted adherent of the Austrian school of economics theories, compellingly argues that the United States is fast approaching the end stage of the biggest asset bubble in history. He describes how the bursting of that bubble will trigger a massive interest rate shock that will send the U.S. consumer-driven economy and the U.S. government—now pumped up by massive Treasury debt—into bankruptcy, an event that, in turn, will send violent shockwaves throughout the global economy.

Backed by a wealth of historical and economic data, Mr. Pento examines how the policies followed by both the Federal Reserve and private industry have led, inexorably, to the impending disaster, and he exposes alarming parallels between the U.S. and European debt crises.

But this book isn't all doom and gloom. A top market analyst who accurately foretold the bursting of the housing bubble in most major print and TV media, Michael Pento also provides well-reasoned solutions that government, industry, and individual investors can take to insulate themselves against the coming crisis.

Just as importantly, Mr. Pento delivers proven strategies and tools investors can use to successfully navigate the rocky times ahead and to not only survive the crisis, but capitalize on it.

The Coming Bond Market Collapse gives you the information you need to make sense of and prepare for the looming economic debacle. It provides you with tested strategies for insulating yourself against the most violent shocks that follow. And it arms you with tools for thriving financially, even in the midst of what could be a disaster worse than the Great Depression.

From the Back Cover

THE COMING BOND MARKET COLLAPSE

A book that is certain to spark controversy within the financial media and throughout the halls of government, The Coming Bond Market Collapse sounds a clarion call to investors, business leaders, and policymakers. Author Michael Pento, a noted adherent of the Austrian school of economics theories, compellingly argues that the United States is fast approaching the end stage of the biggest asset bubble in history. He describes how the bursting of that bubble will trigger a massive interest rate shock that will send the U.S. consumer-driven economy and the U.S. government now pumped up by massive Treasury debt into bankruptcy, an event that, in turn, will send violent shockwaves throughout the global economy.

Backed by a wealth of historical and economic data, Mr. Pento examines how the policies followed by both the Federal Reserve and private industry have led, inexorably, to the impending disaster, and he exposes alarming parallels between the U.S. and European debt crises.

But this book isn't all doom and gloom. A top market analyst who accurately foretold the bursting of the housing bubble in most major print and TV media, Michael Pento also provides well-reasoned solutions that government, industry, and individual investors can take to insulate themselves against the coming crisis.

Just as importantly, Mr. Pento delivers proven strategies and tools investors can use to successfully navigate the rocky times ahead and to not only survive the crisis, but capitalize on it.

The Coming Bond Market Collapse gives you the information you need to make sense of and prepare for the looming economic debacle. It provides you with tested strategies for insulating yourself against the most violent shocks that follow. And it arms you with tools for thriving financially, even in the midst of what could be a disaster worse than the Great Depression.

Product details

  • ASIN ‏ : ‎ B00C42S5KE
  • Publisher ‏ : ‎ Wiley
  • Accessibility ‏ : ‎ Learn more
  • Publication date ‏ : ‎ March 28, 2013
  • Edition ‏ : ‎ 1st
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 1.7 MB
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Enabled
  • Word Wise ‏ : ‎ Enabled
  • Print length ‏ : ‎ 321 pages
  • ISBN-13 ‏ : ‎ 978-1118457160
  • Page Flip ‏ : ‎ Enabled
  • Customer Reviews:
    4.1 out of 5 stars 128 ratings

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Customer reviews

4.1 out of 5 stars
128 global ratings

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Customers say

Customers find the book enlightening, with one noting how it breaks down important economic indicators in a clear manner. Moreover, they appreciate its readability, with one customer highlighting it as a must-read for prudent investors. Additionally, the book receives positive feedback for its humor and credibility, with one customer noting it backs its content with facts. However, the advice quality receives negative feedback, with several customers describing it as a waste of time and money.

21 customers mention "Enlightenedness"18 positive3 negative

Customers find the book enlightening, with one noting its clear presentation of concepts and fundamentals, while another appreciates how it breaks down important economic indicators.

"...He starts off the book by giving an essential explanation of money itself...." Read more

"...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..." Read more

"...Otherwise, it is a very informative book and great at breaking down important economic indicators and how the government influences them." Read more

"...I think he did a good job of laying it all out in a cogent manner, however, perhaps I have read one too many "end of the USA as we know it"..." Read more

11 customers mention "Readability"11 positive0 negative

Customers find the book readable and helpful, with one noting it's a must-read for prudent investors.

"...laugh out loud analogies, Michael has created a convincing and entertaining treatise on why free-market capitalism is the primary solution to our..." Read more

"...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..." Read more

"...Otherwise, it is a very informative book and great at breaking down important economic indicators and how the government influences them." Read more

"...This book is incredibly relevant and a must read...." Read more

4 customers mention "Humor"4 positive0 negative

Customers find the book humorous.

"...Overall, with his knack for laugh out loud analogies, Michael has created a convincing and entertaining treatise on why free-market capitalism is..." Read more

"...with a firm appreciation of the situation we are now in with a tart sense a humor and a generally flowing narrative style...." Read more

"...The analogies are amazingly clear and very humorous...." Read more

"Entertaining and enlightening..." Read more

3 customers mention "Credibility"3 positive0 negative

Customers find the book credible, with one noting that it is backed by facts.

"...with his knack for laugh out loud analogies, Michael has created a convincing and entertaining treatise on why free-market capitalism is the..." Read more

"Very credible source... Excellent advice... Wish I would have read it sooner... But still not to late!..." Read more

"...This book tells us the collapse is inevitable and backs it with facts. Anyone with good sense should be preparing!!" Read more

7 customers mention "Advice quality"2 positive5 negative

Customers find the advice in the book to be of poor quality, describing it as a waste of time and money, with one customer noting it lacks actionable guidance.

"...Buying and reading this book will waste both time and money. I read a lot of books about investing, the economy and monetary policy...." Read more

"...Book is a little redundant. Would recommend it even if you don't think there will be problems in the bond market." Read more

"...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..." Read more

"...(almost the whole book), but at the very end, has no guts in giving a real investing solution, except to cite some generic solutions that I could..." Read more

It's funny to read some old newspaper articles from 1981
3 out of 5 stars
It's funny to read some old newspaper articles from 1981
This book was written probably around 2011, 2012? Not sure but the BOND market has yet to collapse.. But for school I did research for the BOND Market slump of the late 70ies and early 80's.. It's funny to read some old newspaper articles from 1981, October. That was when the bottom of the bond market was. I attached a funny article where a well known financier makes a comment that is funny considering the big picture. Maybe BREXIT and the ensuing surge in the bond market is the FINAL push? Time will tell... Anyways as a long term bond trader this is me placing my mark down.. Now I think is the time to go short... time to put my money where my mouth is.. I recall that in 1981-1982 BB King put out a song "Inflation Blues"
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Top reviews from the United States

  • Reviewed in the United States on September 1, 2013
    Format: HardcoverVerified Purchase
    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.
    12 people found this helpful
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  • Reviewed in the United States on October 17, 2013
    Format: KindleVerified Purchase
    ...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.
    14 people found this helpful
    Report
  • Reviewed in the United States on July 22, 2013
    Format: KindleVerified Purchase
    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.
    18 people found this helpful
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  • Reviewed in the United States on June 11, 2019
    Format: KindleVerified Purchase
    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!
    7 people found this helpful
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Top reviews from other countries

Translate all reviews to English
  • JW
    5.0 out of 5 stars Worth it for me.
    Reviewed in the United Kingdom on January 3, 2018
    Format: HardcoverVerified Purchase
    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.
  • Benoit Charron
    5.0 out of 5 stars Excellent
    Reviewed in Canada on March 15, 2021
    Format: HardcoverVerified Purchase
    Je recommande ce livre. Très d’actualité
    Report
  • Filippo B.
    2.0 out of 5 stars Contenuto incoerente con il titolo
    Reviewed in Italy on April 12, 2024
    Format: HardcoverVerified Purchase
    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.
  • JakeE.
    5.0 out of 5 stars Fantastic
    Reviewed in Australia on November 22, 2017
    Format: KindleVerified Purchase
    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
  • Roger Gauthier
    5.0 out of 5 stars Great book, worth resding.
    Reviewed in Canada on July 4, 2013
    Format: HardcoverVerified Purchase
    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

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