4min chapter

Michael Covel's Trend Following cover image

Ep. 1138: Hugh Hendry Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

CHAPTER

The Consequences of Modernity

The charge sheet is very much focused on the Federal Reserve. I actually think it is coming from the recurring theme of mercantilism. The people who are subverting the natural course of equilibrium formation within international trade happen to be found closer to Saigon than Washington. These ginormous trade supplices with the rest of the world, they're not meant to be persistent. If your currency rises 20% versus the Euro, BMW just became 20% more affordable.

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