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Ep. 447: Ben Hunt Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Zero-Sum Game in Human Economic History

In 1930, the US passed the Smoot-Holly Tariff Act. It wasn't trying to devalue your currency, it was putting up a tariff in quota barriers. In 1931, one of the biggest banks in Europe failed called Credit Anschdahl. The failure of that bank is what really triggered the financial repercussions which really drove the Great Recession.

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