Michael Oliver: This Will Not Be a Normal Recession?
Jay Taylor Media, Released on 4/26/23
Michael Oliver is this week's guest. Bloomberg's Simon White recently wrote an article titled "This Will Not Be a Normal Recession!" in which he provided some fundamental reasons why U.S. Treasuries may not be the safest place to hide money in the emerging recession. He also suggested owning equities may not be as painful as during past recessions while silver and gold, as well as commodities, may perform surprisingly well. From his vantage point as a technical analyst, Michael will explain if he agrees or disagrees with those views of Simon White.
J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity Division, headquartered in New York City's Battery Park. He studied under David Johnston, head of Hutton's Commodity Division and Chairman of the COMEX. In the 1980s Mike began to develop his own momentum-based method of technical analysis. He learned early on that orthodox price chart technical analysis left many unanswered questions and too often deceived those who trusted in price chart breakouts, support/resistance, and so forth. In 1987 Mike technically anticipated and caught the Crash. It was then that he decided to develop his structural momentum tools into a full analytic methodology. In 1992 the Financial VP and head of Wachovia Bank's Trust Department asked Mike to provide soft dollar research to Wachovia. Within a year, Mike shifted from brokerage to full-time technical research. His website is Olivermsa.com. He is also the author of The New Libertarianism: Anarcho-Capitalism.
Michael Oliver: This Will Not Be a Normal Recession? added by Herman James on 04/25/2023View all posts by Herman James ?+'