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Ep. 856: Steve Blank Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The First Engineered Economic Downturn

This is the first engineered economic downturn. Everything we were in a 10-year bull run with very low interest rates, which some might argue was good leverage on the system. One can make lots of arguments that if it would have showed up in 2008, just would have driven the recession and great recession into a depression. There is no right time for consciously shutting down three quarters of your economy. Some parts of the economy are going to boom, remote learning, et cetera, but they're not going to make up for the jobs that are going to be lost.

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