Ep. 862: Mike Dever Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Fed's Continuing Ponzi Scheme
I think you don't have a day of reckoning, it keeps getting pushed off. It's almost as if at this point they've gotten so comfortable with being able to throw money at something that they don't believe there's going to be any consequences. The fact that the US government just passed two trillion dollars in a matter of days where they were fighting for months over five billion dollars to fund a border wall is just unbelievable to me. And without really even knowing exactly how it's going to happen, there’s going to be consequences. There has to be consequences at some point. But right now it's just not in the cards as long as the Fed keeps holding rates down and
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