Ep. 864: The Deep State, Flow State and Animal Weapons with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Negative Interest Income Crisis
The interest rate curve has been manipulated, and if I look at a situation that every time we have extremely low rates in a very high stock market, usually something bad happens. There's no stable way to get a little bit of interest income, it forces money into things like equities and real estate and creates bubbles in those. So yeah, there's something wrong with it. In a sense, it becomes a tremendous economic distortion that's almost the mirror image of the stagflation of the 1970s.
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