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Ep. 448: Mike Lofgren Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Fed's Backdoor Bailout of Wall Street

John Avlon: Is the Fed clearly a part of the deep state as well? He says they bailed out Wall Street, gave them impunity and very low interest rates. They have a limited palette of things that they can do because they can't conceive of anything else he says. Avlon: Maybe they should have recapitalized the banks. And so doing, they should have replaced the ownership and the executives.

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