Ep. 608: Ed and Marty Give Clues on Trend Following Radio
Michael Covel's Trend Following
00:00
The Importance of Investing
One penny growing at nominal interest rates of a couple percent would be more than all the money in the world. Nobody's able to accumulate money for very long because the money eventually goes worthless, he says. "You have hard money for a while, you have gold or sticks or some other tokens of exchange" Then bankers decide they can loan out money and then you get fraction reserve banking,. He adds that excesses lead to huge bubbles like having much more frequent and much larger bubbles now.
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Transcript
