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I think the second phase of the recession happens in the summer I think itamp;#39;s truncated I donamp;#39;t think it lasts that long maybe you know six months six to nine months and then youamp;#39;re going to see stagflation like we have never before seen in this country welcome to thoughtful money Iamp;#39;m its founder and your host Adam tager with the market now expecting less than two rate Cuts this year or perhaps none at all until next year ing to what does that mean for the economy can it handle higher for even longer interest rates without slowing markedly or even worse something systemic breaking and what impact will these higher rates for longer have on stocks bonds and other asset prices to find out weamp;#39;re fortunate today to talk with money manager Michael Pento president of Pento portfolio strategies Michael my friend thank you so much for joining us today hey itamp;#39;s always a pleasure to be with you Adam and we have a lot to talk about today and s