Michael Oliver, founder of Momentum Structural Analysis, shares his extensive financial insights gained since 1975. He dives into the weakness of banks, commercial real estate troubles, and the potential for a new financial crisis. Oliver discusses the role of gold and silver as safe havens amidst fiat currency instability, while contrasting China’s capitalist evolution with its communist roots. He even touches on revolutionary ideas like abolishing the Federal Reserve and reviving a gold standard, ensuring listeners grasp these compelling economic narratives.
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insights INSIGHT
The Biggest Bubble
The current economic bubble is larger and more pervasive than previous ones, fueled by excessive money printing and low interest rates.
This bubble's burst will have more severe consequences, impacting not just financial markets but also personal decisions.
insights INSIGHT
Commercial Real Estate Vulnerability
Commercial real estate, particularly corporate properties and shopping centers, is highly vulnerable.
The accumulating debt in this sector, coupled with rising interest rates, poses a significant risk to banks and other lenders.
question_answer ANECDOTE
Mall Default Example
A major shopping center in New York recently defaulted on a $300 million debt, highlighting the stress in the commercial real estate sector.
Such defaults can trigger a domino effect, impacting financial institutions and the broader economy.
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Published in 1957, 'Atlas Shrugged' is Ayn Rand's magnum opus and her longest novel. The story is set in a dystopian United States where increasingly burdensome laws and regulations strangle innovation and productivity. The plot follows Dagny Taggart, a railroad executive, and Hank Rearden, a steel magnate, as they struggle against 'looters' who exploit their work. A mysterious figure named John Galt leads a strike of productive individuals, persuading them to abandon their companies and disappear. The novel culminates with Galt's three-hour radio speech explaining his philosophy of Objectivism, which emphasizes rational self-interest, individual rights, and the importance of the human mind. The book explores themes of capitalism, property rights, and the failures of governmental coercion, presenting a provocative vision of a society in collapse and the potential for a new capitalist society based on Galt's principles.
Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division and is the founder of Momentum Structural Analysis providing technical research to the financial industry. He talks weakness in banks, trouble in commercial real estate, gold/silver, gold miners, crypto, China, the coming financial crisis, abolishing the Federal Reserve, Atlas Shrugged, and much more. PLEASE SUBSCRIBE LIKE AND SHARE THIS PODCAST!!!
Coffee and a Mike 