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Ep. 1165: Big Events with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The LTCM Bailout

LTCM lost 44% of its capital, or $1.9 billion, in August 1998 alone. Scholes: The LTCM bailout stopped normal market forces. It set in motion the events of the next ten years,. culminating in the fall of 2008," he says.

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