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Ep. 871: Jeff Kreisler Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Role of Borrowing in the Economy

When I'm outside the country, a lot of people really don't understand this about America. Outsiders to America, they don't really get how leveraged America is. There are plenty of people across America that have got houses worth a million bucks and a million bucks mortgage. Donald Trump is the perfect president in some ways. He's leveraged upon leverage upon leverage upon Leverage. That is what our economy is. And broadly speaking, it's debt driven.

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