Ep. 1127: The Carvana Fantasy with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Introduction
Morgan Stanley and Goldman Sachs were going the way of Bear Stearns and Lehman Brothers. The magic hands stepped in and saved those two particular investment banks. That's a really shitty, non-capitalistic system. So let me give you an example of what happens when you give a bailout to a crappy investment bank 14 years later. Just one example. Carvana, the used car bullshit company that is now imploded.
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