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Ep. 150: Harry Dent Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Effect of Banks on the Economy

The economy is growing at 2% on average when it would be in a deeper session if we didn't have a trillion dollars in quantitative easing every year. We've got 2 trillion a year in fiscal and monetary stimulus that's only creating $350 billion or 2% growth in GDP. 40% of the earnings on the S&P 500 have been from buybacks of stock because companies can borrow money at 1% or 2%.

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