Keith Weiner and Michael Oliver return as guests on this week's episode of Turning Hard Times Into Good Times.
One of Paul Krugman's market false statements is that infinite debt is okay if "we" owe it to ourselves. Keith explains why Krugman's logic on that issue is false and how endless levels of debt is setting the world up for a massive economic implosion. Keith also describes why he thinks interest rates will continue to decline. That may set us up for a contrary viewpoint from Alasdair Macleod on next week's show.
Applying his momentum/structural analysis, Michael updates us with what his work is telling us about stocks, bonds, commodities and precious metals.
Keith Weiner, PhD, CEO and Founder of Monetary Metals, is a leading authority in the areas of gold, money, and credit and has made important contributions to the development of trading techniques founded upon the analysis of bid-ask spreads. He is the founder of DiamondWare, a software company sold to Nortel in 2008, and he currently serves as President of the Gold Standard Institute USA. He earned his PhD from the New Austrian School of Economics.
Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity Division, NYC. He studied under David Johnson, head of Hutton's Commodity Division and chairman of the COMEX.
In the 1980s, he began to develop his own momentum-based method of technical analysis. In 1987, Oliver, along with his futures client accounts (Oliver had trading POA), technically anticipated and captured the Crash. He began to realize that his emergent momentum-structural-based tools should be further developed into a full analytic methodology.
In 1992, Oliver was asked by the Financial VP and head of Wachovia Bank's Trust Department to provide soft dollar research to Wachovia. Within a year, he shifted from brokerage to full-time technical research. MSA has provided its proprietary technical research services to financial and asset management clients continually since 1992. Oliver is the author of The New Libertarianism: Anarcho-Capitalism.