Marc Cohodes - An Independent Investor
The Business Brew
00:00
You Shouldn't Cover Your Losses
I don't know what the next so called melt down actually looks like, cause the leverage is, the leverage is extreme. And interest rates have to go up. As interest rates go up against the leverage, funny things can happen. Everybody exits the public markets, and the people that are trading on it hold the bag. It's designed, again, for joe six pack to fail. Ind they knew they had a margin issue, they just didn't tell the truth. The problem is, and the too big to fail world whih we're in, joe sik pack always ends up with the short end of the stick. I try to pay as little attention to that sh
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