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Ep. 867: Rebecca Henderson Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Moral Hazards of the Depression

"How do we even know that everything is going to go to in 1930s depression? I mean, it just seems like if we have a system where some folks were allowed to take massive risks and they always get bailed out," he says. "It just seems like the moral hazards that we're creating one day, we can't bring Lazarus back for the dead."

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