Ep. 1105: A Double Punch with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Crisis of 0809
The crisis of 0809 really taught me that people often don't know what's coming. There were a small number of people who saw the credit crisis coming and famously people like John Paulson. But if you go back to January 2007, you would not find a single macro economic forecaster who would say that in two years time, the US is going to be in a very serious recession. None of those guys had a clue.
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