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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 Narrative of Central Bank Omnipotence

Mike Downey: Central bank policy is now firmly a creature of each nation's domestic politics and the narrative of central bank omnipotence is devolving into one of competition. He says that when you have a world of massive debt, today we have far more debt sloshing around in the world than we did even in 2007 leading into the Great Recession. The ownership of that debt has shifted and it goes to governments - exactly the same thing that happened in the 1930s.

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