2016 Economic Predictions: Year of the “Epocalypse”

David Haggith is a new guest to the radio program while Chen Lin and Michael Oliver return.

2016 marks the beginning of a new epoch but not a happy one. Thanks to the evil spirit induced monetary lies propagated by Keynesians and communists, the world is entering a period of debt-induced depression the likes of which has never been seen in the modern age.

With central banks around the world ushering in negative interest rates such that price discovery of capital is impossible, the world is moving away from the freedom inherent in a capitalist system into a new epoch of global debt based monetary serfdom long predicted by Austrian economists.

David will discuss why 2016 is the year of transition into “epocalypse.” More positively, Chen will talk of a couple breakthrough biotech stocks with massive upside potential and Michael will provide his latest insights into prospects for stocks, bonds, gold and commodities.

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David HaggithDavid Haggith started writing about the economy after he predicted The Great Recession half a year before it hit and was puzzled as to why no economists or stocks analysts saw it coming. In the months after the crisis broke out, he started to write humorous editorials in a series called “Downtime,“ which chided the U.S. government and banking people who should have seen the economic collapse coming but whose greed, cronyism, and ineptitude caused them to run all of us into this mess. These articles were published in The Hudson Valley Business Journal, The Valley City Times-Record (North Dakota), and The Daily Herald in Tennessee. He is dedicated to regularly criticizing the daily news — not just the content but the uncritical, unthinking nature of almost all of the reporting. Haggith now writes his own blog, The Great Recession Blog, to break down the same news from the point of view of an equal-opportunity critic toward both Republicans and Democrats / Conservatives and Liberals.

chen-newChen Lin had been a doctoral candidate in aeronautical engineering at Princeton. However, Chen found his investment strategies were so profitable that he put his Ph.D. on the back burner to devote full time to private investing and writing a newsletter titled “What is Chen Buying? What is Chen Selling?” Chen’s track record has been phenomenal! In one account we tracked in which he used no leverage, he was able to grow $5,411 starting in 2002 to over $2.2 million by the end of 2012.

Michael OliverJ. 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 1980’s Oliver 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. Oliver began to realize that his emergent momentum-structural-based tools should be further developed into a full analytic methodology.

In 1992 he was asked by the Financial VP and head of Wachovia Bank’s Trust Department to provide soft dollar research to Wachovia. Within a year Oliver 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.

About Jay Taylor