Dan Oliver – The end of the credit cycle will drive gold
Dan Oliver, Founder of Myrmikan Capital is one of my favorite guests and an expert on the history of markets and credit. In his latest letter (posted below) he shares a number of factors that he believes are playing out in the credit cycle globally. Here are some of this main points.
- The credit cycle peaked along with the Chinese markets in mid 2015.
- The Chinese government continues to print money to keep GDP high but the private sector is not playing along.
- A Chinese businessman worth an estimated $14 billion recently defaulted on company debt worth $14.4 million citing “tight cash flows”.
- The Chinese bubble is going to pop and this will severely impact global markets.
Click here to download the recent Myrmikan letter where Dan discusses the topics above.